High Quality Asset Base with Significant Exploitation and Exploration Potential
Lower-risk properties with significant well control and predictable production profiles
Significant development and exploration potential, with multiple producing zones and unexplored deeper horizons
Oil-Weighted Reserves and Production
Oil-focused in both our reserve and production as compared to many of our peers
Pro forma net proved reserves at December 31, 2010 were approximately 68% oil
Operating Control
Operated properties comprising 79% of our proved reserves
Low-cost operator in the region and therefore able to maximize cash flow
Geographically Focused Properties in the Gulf of Mexico
Extensive high-quality 3-D seismic database primarily focused on our core area and covering approximately 11,700 square miles
Existing and growing regional expertise around our core properties
Experienced Management and Significant Technical Expertise
Experienced and technically-adept management team, averaging more than 20 years of industry experience among our top executives
Strong technical staff of geologists and geophysicist, field operations managers and engineers to handle all aspects of exploitation, exploration, production and decommissioning activities