Laredo Petroleum Announces 2020 Capital Budget and Updates Three-Year Outlook - Seite 4

Unless otherwise specified, references to "average sales price" refer to average sales price excluding the effects of our derivative transactions. All amounts, dollars and percentages presented in this press release are rounded and therefore approximate. Free Cash Flow (non-GAAP) is based on net cash provided by operating activities (GAAP) to cash flow from operating activities before changes in operating assets and liabilities, net, less costs incurred, excluding non-budgeted acquisition costs.

Contact:
Ron Hagood:  [phone] - [e-mail]