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  "documentTitle": "Evercore | Investment Banking Pitch Book | 6 slides",
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  "authorName": "Evercore",
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  "presentationDate": "2012-11-01 00:00:00",
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  "notes": "The slide outlines specific parameters for well production, rig counts, pricing, and costs.",
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      "kind": "list",
      "text": "$0.15 per Mcfe of marketing and transportation costs (as per MMR estimates)",
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      "text": "Volumes and risking for specific Ultra-Deep prospects and discoveries (as per MMR estimates)\nGeologic and mechanical risking was estimated by Evercore and reviewed by MMR's technical team\nUtilized an expected value analysis based on the assumed geologic and mechanical risking\nEach well has a 200 Bcfe EUR\nDeveloped using a continuous four rig program through 2014, going to a six rig program in 2015 and finally an eight rig program by 2016, held constant thereafter\nProduction for each well of 70 MMcfed held flat for six years, then exponential decline (as per MMR estimates)\nCondensate is 5% of well stream (8.8 bbl/MMcf)\nWells take 1 year to drill and 6 months to complete with first production after 18 months",
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      "text": "Closing date of March 1, 2013",
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      "text": "NYMEX strip pricing as of November 20, 2012 through 2017E and then held flat thereafter\nNatural gas prices of ($/Mcfe): 2013E: $3.92; 2014E: $4.19; 2015E: $4.33; 2016E: $4.48; Thereafter: $4.68 flat",
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      "kind": "title",
      "text": "Overriding Royalty Interest Analysis – Assumptions",
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