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Term

Free Cash Flow (FCF)

Short Definition

Operating cash flow minus CapEx.

Extended Definition

Represents cash available for debt reduction and shareholder returns.

What It Means to an Investor

Positive FCF underpins sustainable dividends and repurchases.

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Bass Energy Exploration

Independently owned and operated by the Bass family.

4144 N. Central Expressway, Suite 600, ​Dallas, Texas 75204

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Nothing herein is intended to constitute an offer, or the solicitation of an offer, to buy or subscribe for any securities to any person in any jurisdiction unless otherwise stated. Offers or solicitations which are made to buy or sell any securities are only be made pursuant to the Disclosure Memorandum, which contains important information about risks, fees, expenses, and details. Further, no offer is made in any jurisdiction where such securities are not registered or appropriately exempted. Unless otherwise stated, any securities listed herein will not be registered under the US Securities Act of 1933 as amended, or any other act, and only qualified Investors as defined in 17 CFR 230.501(a) and persons residing abroad in jurisdictions where securities registration exemptions apply may purchase them.