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EFTA01357789

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0 0 Deutsche Bank Securities Inc. 'Figure 19: E&P Bond STW Versus 2016E Net Leverage 4.000 3.000 U00 1.500 1.000 500 I￾I I I I I I I I I I I I MPO 10 70 PAR V 70%72 0 0.00 PANG 7 OSP SUM, 21• ARS. %EC 1175%22 lot It K I tniceteenner-4, I I TPUA 11/0%22 PVA 43%20 • + NKOK 1110%'01 I S 6 OAS di NS e % ins%ile l l. ON 45%72 , z5r22, ,ONR 03%* 22 001.11 575%21 I I I I &Of I I I I I I I I_ .4 • I j I SO 73%21 • cos 10.02 11.01 lax San* DatWAI OM. ammo/ Oa, letcettev Anew* LP Hen* blowing cergeres net cetera:Spa 3 Mr Me• foreman loins refer smombeep ocesemus esnmess AMEPER.AA6CaCX0, PANG, EPtt rscAt mhytwo•14/c, at PvAROSESN.SEWEntntrPUA,71W arm* Yin CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0044567 SDNY_GM_00190751 EFTA01357789