Review of Operations 
Revenues and Production.  The following table provides the components of our revenues for the year ended 3 1 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 
 
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 vol ume is 
oil-weighted, with oil representing 75% and 77 % of total sales volume for the year  ended 3 1 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. 
  
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