Ann: High Impact Drilling Program to Advance Colorado Potential, page-92

You can't be serious comparing to LNR at present. In CY 2015, LNR will be drilling 21 EFS wells worth CapEx of $130M GENERATED FROM CASH FLOW FROM OPERATIONS!!!!

LNR currently producing about 5,000 boepd (end June) and expects to exit 2014 at between 6,500 - 7,000 boepd. (and they can actually sell all those boe's for cash as opposed to having to pledge the majority back to HK for the free carry APO).

Yep - go figure that one out.