Non-GAAP Financial Measures and Reconciliations

Some disclosures may include financial measures that are not in accordance with United States generally accepted accounting principles (GAAP). While management believes that these non-GAAP measures are useful for investors, they should not be used as a replacement for financial measures presented in accordance with GAAP. See the attached schedule for a discussion of each of these non-GAAP measures, including reconciliations to their most directly comparable GAAP measure.

  • Adjusted Net Income (Loss)
  • Adjusted EBITDAX and Adjusted EBITDAX per Boe
  • Adjusted EBITDAX Margin
  • Free Cash Flow
  • Production Costs per Boe, Excluding Effects of PSC-type Contracts
  • Adjusted General and Administrative Expenses
  • Leverage and Net Debt