----

|         |                                                             |
|---------|-------------------------------------------------------------|
| • | If the Company is ranked number 1, 200% of the Target Award |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | If the Company is ranked at the 75th percentile of the Peer Companies, including the Company, 150% of the Target Award |

|         |                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------|
| • | If the Company is ranked at the 50th percentile or median of the Peer Companies, including the Company, 100% of the Target Award |

|         |                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------|
| • | If the Company is ranked at the 25th percentile of the Peer Companies, including the Company, 50% of the Target Award |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | If the Company is ranked below the 25th percentile of the Peer Companies, including the Company, no award will be paid |

----

----

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|         |                          |
|---------|--------------------------|
| • | Bill Barrett Corporation |

|         |                             |
|---------|-----------------------------|
| • | Carrizo Oil & Gas, Inc. |

|         |                          |
|---------|--------------------------|
| • | Comstock Resources, Inc. |

|         |                      |
|---------|----------------------|
| • | EXCO Resources, Inc. |

|         |                        |
|---------|------------------------|
| • | Forest Oil Corporation |

|         |                                |
|---------|--------------------------------|
| • | Goodrich Petroleum Corporation |

|         |                |
|---------|----------------|
| • | Gulport Energy |

|         |                                 |
|---------|---------------------------------|
| • | Laredo Petroleum Holdings, Inc. |

|         |                               |
|---------|-------------------------------|
| • | Magnum Hunter Resources Corp. |

|         |                     |
|---------|---------------------|
| • | Penn Virginia Corp. |

|         |                         |
|---------|-------------------------|
| • | PetroQuest Energy, Inc. |

|         |                             |
|---------|-----------------------------|
| • | Quicksilver Resources, Inc. |

|         |                             |
|---------|-----------------------------|
| • | Resolute Energy Corporation |

|         |                        |
|---------|------------------------|
| • | Rosetta Resources Inc. |

|         |                          |
|---------|--------------------------|
| • | Stone Energy Corporation |

|         |                      |
|---------|----------------------|
| • | Swift Energy Company |