Snippet of today’s News Release Jeff Tonken, President and Chief Executive Officer of Birchcliff commented: “Birchcliff is proud to announce its fourth quarter and full-year 2020 results. 2020 was a challenging year for Birchcliff and for the industry as a whole. Despite the economic damage and pricing uncertainty caused by the COVID-19 pandemic, we were able to efficiently execute our 2020 capital program, generating annual adjusted funds flow of $185 million, with annual average production of 76,401 boe/d and record low annual operating costs of $2.95 per/boe. Birchcliff also returned to free funds flow generation in the second half of 2020, with free funds flow of $25 million in Q4 2020. These achievements speak to the strong performance of our assets and the significant efforts of our team to remain one of industry’s lowest-cost producers. Looking forward to 2021, we are focused on maximizing free funds flow and strengthening our balance sheet, while maintaining a relatively flat production profile. We expect to generate approximately $360 million of adjusted funds flow in 2021 1 , with F&D capital expenditures of between $210 million and $230 million, resulting in significant free funds flow for the year as set forth in our press release dated January 20, 2021. As none of Birchcliff’s production is currently subject to fixed price commodity hedges, we are excited about the undersupplied natural gas market that is emerging and being accelerated by cold weather in North America, Europe and Asia, which sets up a strong outlook for forward natural gas pricing.”