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Bcfe

2009 Production Optimization Individual well optimization Field debottleneck Downtime reduction

* Includes hurricane shut-ins

Cost Control Acquisition synergies Renegotiate and rebid major suppliers Portfolio Optimization

Oil Development Focus

Maintain GOM Shelf

Estimated Proved Reserves

(As of 12/31/08)

18

R/P Ratio 2009 Production Guidance 4Q09 Production Guidance

6.6 Years 210 - 220 MMcfe/d 225 235 MMcfe/d

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