We have 12 Bcfe in the San Juan basin, Mid-Continent and in other  areas. Our properties in the other regions accounted for 2% of our 2012 daily  production at 6 MMcfe per day. We plan to continue to divest of many of  these assets on an opportunistic basis. Despite the continued low natural gas prices we are experiencing, we are  excited about the prospects for Comstock in 2013. We anticipate the strong  growth in our oil production to offset the low natural gas prices to allow us to  have higher revenues and cash flow and to be a much more profitable company  in 2013. We expect oil to comprise more than 25% of our 2013 production as  94% of the wells that we expect to drill will be oil wells and 92% of our budget  is expected to be spent on oil projects. Our Eagle Ford shale program will be  our largest growth engine this year. We also see tremendous upside in future  horizontal development in the emerging Wolfcamp shale based on recent  activity in Reeves County, Texas. We will strive to continue to have one of the lowest overall cost structures  in the industry even as we transition to oil. We believe that we have adequate  liquidity for our 2013 drilling plans. We expect operating cash flow to fund  most of our planned drilling program and that the availability under our bank  credit facility will increase with our oil reserve growth. We will continue  utilizing an oil price hedging strategy to protect our oil focused drilling  program. A major goal for Comstock in 2013 is to improve our balance sheet. We also  want to bring in more capital for our oil focused drilling program. We expect  to accomplish this at the asset level by entering into a joint venture or selling a  portion of our large acreage position in the Permian Basin. The directors and management of Comstock want to thank the stockholders  for their continued support. M. Jay Allison Chairman and President Weanticipatethe  stronggrowthinour  oilproductiontooffsetthe  lownaturalgasprices  toallowustohavehigher  revenuesandcashflow  andtobeamuchmore  profitablecompany  in 2013. Outlook for 2013 O t h e r R e g i o n s  Mbbls per day 2012 6.3 2011 2.3 2010 2.0 2011 248 2012 225 2010 189 Mmcf per day $ in millions 2011 $1,048 2012 $551 $546 2010 Oil Production Natural Gas Production Capital Expenditures