Yep. Slide 24 says ample liquidity and slide 25 is the one I cut and paste. The presentation is linked in the subject box for this thread (may have to unhide).
The 10K does say this:
Standardized Measure of Cash Flows
At December 31, 2011 our standardized measure of discounted future net cash flows was $3.5 billion. The present value of future net pre-tax cash flows attributable to estimated net proved reserves, discounted at 10% per annum, (“PV-10”) is a computation of the standardized measure of discounted future net cash flows on a pre-tax basis. The table below provides a reconciliation of PV-10 to the standardized measure of discounted future net cash flows at December 31, 2011. PV-10 may be considered a non-GAAP financial measure under the SEC’s regulations. PV-10 is computed on the same basis as the standardized measure of discounted future net cash flows but without deducting income taxes. We further believe investors and creditors may utilize our PV-10 as a basis for comparison of the relative size and value of our reserves to other companies. However, PV-10 is not a substitute for the standardized measure. Our PV-10 measure and the standardized measure of discounted future net cash flows (shown below in thousands) do not purport to present the fair value of our oil and natural gas reserves.
| | | | | PV-10
| | $ | 4,200,877 | | Future income taxes, discounted at 10%
| | | (669,953 | ) | | |
|
| | Standardized measure of discounted future net cash flows
| | $ | 3,530,924 | | | |
|
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