Review of Operations Barrel of oil equivalent (Boe) and average net daily production (Boe/d ). Sales volume increased by 1,164,576 Boe (107.9%)  to 2,243,529 Boe (6,147 Boe/d) for the year ended 31 December 2014 compared to 1,078,953 Boe (2,956 Boe/d) for the prior  year due to successfully bringing online 88 gross (50.1 net) producing wells primarily in the Eagle Ford and  Mississippian/Woodford Formations. The Eagle Ford contributed 4,187 Boe/d (68.1%) of total sales volume during the year ended 31 December 2014 compared to  1,371 Boe/d (46.4%) during the prior year. Mississippian/Woodford contributed 1,433 Boe/d (23.2%) of total sales volume  during the year ended 31 December 2014 compared to 503 Boe/d (17.0%) during the prior year. Our sales volume is  oil-weighted, with oil representing 75% and 77% of total sales volume for the year ended 31 December 2014 and 2013,  respectively.  Oil sales. Oil sales increased by $65.6 million (82.7%) to $145.0 million for the year ended 31 December 2014 from $79.4 million  for the prior year. The increase in oil revenues was the result of increased oil production volumes ($81.3 million) offset by a  decrease in product pricing ($15.7 million). Oil production volumes increased 102.4% to 1,675,078 Bbls for the year ended 31  December 2014 compared to 827,432 Bbls for the prior year. The average price we realised on (NGL) the sale of our oil  decreased by 9.8% to $86.56 per Bbl for the year ended 31 December 2014 from $95.92 per Bbl for the prior year.  Natural gas sales. Natural gas sales increased by $3.4 million (122.1%) to $6.2 million for the year ended 31 December 2014  from $2.8 million for the prior year. The increase in natural gas revenues was primarily the result of increased production  volumes ($2.6 million) and improved product pricing ($0.8 million). Natural gas production volumes increased 868,800 Mcf  (93.0%) to 1,803,000 Mcf for the year ended 31 December 2014 compared to 934,200 Mcf for the prior year. The average price  we realised on the sale of our natural gas increased by 15.1% to $3.42 per Mcf for the year ended 31 December 2014 from  $2.97 per Mcf for the prior year.  - 16 -  Revenues and Production. The following table provides the components of our revenues for the year ended 31 December  2014 and 2013, as well as each year’s respective sales volumes:  Year ended 31 December  Change in  $  Change as  %  2014  2013  Revenue (US$‘000) Oil sales................................................................................ 144,994  79,365 65,629  82.7  Natural gas sales .................................................................. 6,161  2,774  3,387  122.1  Natural gas liquids (NGL) sales............................................. 8,638  3,206  5,432  169.5  Product revenue .................................................................. 159,793 85,345 74,448  87.2  Year ended 31 December  Change in  Volume  Change as  %  2014  2013  Net sales volumes: Oil (Bbls)............................................................................... 1,675,078  827,432  847,646  102.4  Natural gas (Mcf) ................................................................. 1,803,000  934,200  868,800  93.0  NGL (Bbls) ............................................................................ 267,952  95,821  172,131  179.6  Oil equivalent (Boe) ............................................................. 2,243,529  1,078,953  1,164,576  107.9  Average daily production (Boe/d)  6,147  2,956  3,191  107.9 