Expected completion of the AltaGas Townsend Facility has been revised to mid-2016, in time to accommodate Painted Pony's production volumes in the third quarter of 2016. This revised schedule is expected to result in cost savings on both facility construction costs and the processing fees to be paid by Painted Pony when the facility begins processing gas, while also providing flexibility to Painted Pony's drilling and completion plans. 2015 CAPITAL EXPENDITURE PROGRAM Painted Pony's Board of Directors have approved a revised 2015 budget of $104 million, subject to review on a quarterly basis. This prudent budget has been reduced significantly from the $295 million program announced on December 8, 2014, with the intention of preserving a strong balance sheet during this period of weak commodity prices, taking advantage of continued improvements in well productivity and positioning the Corporation for significant growth upon completion of the AltaGas Townsend Facility in 2016.