Hedgesaverage of 5900 bod @$64/bbl until June 2017 and appx 5000 boepd of gas at 63 pence per therm ( 9.70 / MMbtu) until June 2017. 2015 opex of appx $33. boe forecast to fall to around $25/ boed post Stella. Once FPF1 is in place with hedges, tax credits and lower costs of production take out price should be at least $2 even with lower oil prices. B