Do my eyes deceive????, page-36

So too has supply growth (strong) and demand (weak growth) over the last 2 years (thrown out theories about POO)

Wondering how many shares were sold by the pumpers and touts in the recent rally, especially on "the day" when 4.67M shares were traded (out of roughly 14M). Great traders. Washing machines were on full speed. No surprise the lol (... to the holders). Well done.

With this further drop, WBS could be in the teens (although the differential is contracting as WTI drops) Is there a Bakken producer capable of generating positive funds from operations (i.e. LOE+prod taxes+G&A+Interest)? Wonder if Whiting (WLL) survives this after all even with their fairly strong hedging program for 2016. Same for CLR I suspect but with not as strong hedges.

Back to serious matters as they relate to SSN. This is what you need to see as this is the sort of summary and stress calculations that MOB will be doing. Needs to be shown pro-forma with current business operations and then the effect of making the acquisition. Cautionary note - using WTI as the index so any calculations you might do needs to take into account the Bakken differential to get the realized price for the Revenue estimate.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	{colgroup}
1	{col=170x@}{/col}{col=86x@}{/col}{col=86x@}{/col}{col=86x@}{/col}{col=86x@}{/col}{col=86x@}{/col}{col=86x@}{/col}
2	{/colgroup}
3	2016 WTI Index Price	$25	$30	$35	$40	$45	$50
4	O&G Revenues (BH & AD)
5	Hedging Gains
6	Total Revenue
7
8	Lease Operating Expense
9	Production Taxes
10	Cash G&A
11	EBITDAX est
12
13	Capex Program
14	Cash Interest Payments
15	Preferred Div (if proposed)
16	CASH FLOW
17
18	Drawn BB Debt
19	Any other proposed debt?
20	Debt/EBITDAX
21	EBITDAX/Interest

MOB is going to work out what the EBITDAX pro-forma will be. They would surely also break it down Qtrly (my guess is to give additional covenant relief early to build in some time for oil price recovery) and then onto 2017 and beyond (since there is obviously a time limit and repayment of debt is an objective). Might also give a clue on future hedging (but at these prices opportunities are limited).