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Strategy and Tactics 2009

  • Remain liquid

  • Hedging to protect downside

  • Access external capital

  • Focus on GOM and Appalachia

  • Build multi-year prospect inventory

“Survive and Thrive”

  • Mitigate hurricane risk

  • Cautious capital outlay

    • Reduce working interest

    • Delay non-priority projects

  • Be opportunistic

  • Increase drilling activity

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