NI 51-101 Finding and Development Costs (“F&D”)  (excluding acquisitions, dispositions, revisions)  13  Proved Developed Producing F&D Cost  2014 2013  2012  3 Year Total  Capital expenditures excluding acquisitions  and dispositions (000s)  $ 106,604 $ 67,450  $ 26,868  $ 200,922  Net change in FDC (000s)  - -  -  -  Total capital  $ 106,604 $ 67,450  $ 26,868  $ 200,922  Reserve additions excluding acquisitions, dispositions,  and revisions (Mboe)  7,766 3,464  840  12,070  Proved developed producing F&D cost  $ 13.73 $ 19.47  $ 31.99  $ 16.64  Total Proved F&D Cost  2014 2013  2012  3 Year Total  Capital expenditures excluding acquisitions  and dispositions (000s)  $ 106,604 $ 67,450  $ 26,868  $ 200,922  Net change in FDC (000s)  288,242 77,282  30,863  396,387  Total capital including the net change in future capital (000s)  $ 394,846 $ 144,732  $ 57,731  $ 597,309  Reserve additions excluding acquisitions, dispositions,  and revisions (Mboe)  38,707 10,356  4,067  53,130  Total proved F&D cost (per Boe)  $ 10.20 $ 13.98  $ 14.20  $ 11.24  Total Proved Plus Probable F&D Cost  2014 2013  2012  3 Year Total  Capital expenditures excluding acquisitions  and dispositions (000s)  $ 106,604 $ 67,450  $ 26,868  $ 200,922  Net change in FDC (000s)  287,686 134,903  40,341  462,930  Total capital including the net change in future capital (000s)  $ 394,290 $ 202,353  $ 67,209  $ 663,852  Reserve additions excluding acquisitions, dispositions,  and revisions (Mboe)  45,001 18,823  5,514  69,338  Total proved plus probable F&D cost  $ 8.76 $ 10.75  $ 12.19  $ 9.57  Operating netback per Boe excluding hedging  $ 21.19 $ 20.43  $ 21.22  $ 20.97  Recycle ratio for proved plus probable F&D cost  using operating netback (excluding hedging)  2.4 1.9  1.7  2.2 