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  Acquired approximately 4,800 net acres in the Eagle Ford for an initial purchase price of approximately $10.5 million. 
  Completed the acquisition of approximately 5,700 net Eagle Ford acres for approximately $36 million. 
  Divested the Company’s remaining Denver-Julesburg and Bakken assets for approximately $108.8 million and $14.0 
  million in net proceeds, respectively. 
  Completed a successful capital raise of approximately A$80 million during the year with proceeds being used primarily 
  to accelerate pace of the Company’s drilling program in the Eagle Ford. 
  Achieved record production in December 2014 of 9,434 Boe/d, which included 869 Boe/d of flared gas from wells 
  waiting to hook-up to pipelines. The December 2014 exit rate increased 88% over prior year’s exit rate of 5,028 Boe/d. 
  
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  • Net revenue increased to $159.8 million, or 87% over the prior year. 
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  EBITDAX increased to $126.4 million, or 140% over the prior year, and EBITDAX margin increased to 79%, a 17 
  percentage point increase over the prior year. 
  Due to our successful drilling program, brought 75 gross (42.7 net) wells into production and saw a significant increase 
  across 1P, 2P and 3P Reserves from prior year bringing total Constant Case 3P Reserves to 147,723 MBoe and PV10 of 
  3P Reserves to $1.5 billion. 
  Ended the year with $69.2 million of cash, total debt outstanding of $130 million and $15 million of unused borrowing 
  capacity under the Company’s credit facilities. 
  
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