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Exhibit A (Graphic: Business Wire)

Finally, the Company announced an increase in its borrowing base to $215 million based on its lenders’ review of the Company’s proved oil and natural gas reserves at September 30, 2012. At January 7, 2013, the Company has outstanding borrowings of $150 million. Matador expects additional increases to its borrowing base as the result of anticipated increases in its proved oil and natural gas reserves at year-end 2012 and throughout 2013. Please click the link below for Exhibit A, which shows the growth in PV-10 value (present value discounted at 10%) for the Company’s proved oil and natural gas reserves from 2008 to September 30, 2012. For a reconciliation of Standardized Measure (GAAP) to PV-10 (non-GAAP), please see “PV-10 Reconciliation” below.

There are no other changes to the Company’s guidance for its 2012 or 2013 results. Please click the link below for Exhibit B, which shows oil and natural gas revenues and Adjusted EBITDA for the years ended 2007 through 2011 and estimated oil and natural gas revenues and Adjusted EBITDA for the years ended 2012 and 2013 announced at the Company’s Analyst Day on December 6, 2012. For a definition of Adjusted EBITDA and a reconciliation of net income (GAAP) and net cash provided by operating activities (GAAP) to Adjusted EBITDA (non-GAAP), please see “Adjusted EBITDA Reconciliation” below.

Click here for Exhibit A and Exhibit B.

Matador Operated Eagle Ford Completion Results
24 Hour IP Tests
                     
Well Name County Completion Date Perforated Length (1) Top Perf (2) Frac Stages Oil IP (3)(4) Gas IP (3)(4) Oil Equiv IP (5) Choke Pressure
Total (ft.) (ft.) (Bbl/day) (Mcf/day) (BOE/day) (inch) (psi)
2012 Wells                                          
Martin Ranch A 8H La Salle 1/28/2012 6,092 9,559 21 1,089 831 1,228 26/64 1,750
Martin Ranch A 6H La Salle 2/8/2012 6,509 9,550 22 689 1,714 975 26/64 1,650
Martin Ranch A 7H La Salle 2/12/2012 4,902 9,502 17 609 481 689 26/64 1,040
Martin Ranch B 4H La Salle 2/18/2012 3,801 9,701 13 595 968 756 26/64 1,320
Matador Sickenius Orca 1H Karnes 3/16/2012 5,712 10,897 19 785 540 875 26/64 820
Northcut A 1H La Salle 3/23/2012 4,446 9,209 15 583 592 682 26/64 1,000
Matador Danysh Orca 1H Karnes 4/1/2012 4,962 11,537 17 1,012 1,126 1,200 26/64 1,175
Northcut A 2H La Salle 5/1/2012 4,503 9,273 15 758 761 885 24/64 950
Matador Pawelek Orca 1H Karnes 6/5/2012 6,103 11,231 20 670 739 793 16/64 2,510
Matador Pawelek Orca 2H Karnes 6/7/2012 6,202 11,240 28 861 755 987 16/64 2,460
Matador Danysh Orca 2H Karnes 6/10/2012 5,115 11,331 17 750 746 874 16/64 2,675
Glasscock Ranch 1H Zavala 6/27/2012 5,352 7,166 18 307 0 307 pump 140
Matador K. Love Orca 1H DeWitt 8/10/2012 5,077 13,048 17 1,793 2,171 2,155 16/64 5,280
Matador K. Love Orca 2H DeWitt 8/11/2012 4,871 12,830 17 1,757 2,126 2,111 16/64 5,900
Northcut B 2H

La Salle

9/6/2012 4,777 9,131 16 410 315 463 16/64 1,175
Northcut B 1H

La Salle

9/12/2012 4,798 9,085 16 423 169 451 16/64 1,500
Matador Sickenius Orca 2H Karnes 9/16/2012 5,982 10,829 25 851 556 944 16/64 2,000
Martin Ranch A 12H

La Salle

10/4/2012 4,897 9,507 21 640 1,955 966 16/64 1,680
Matador K. Love Orca 4H DeWitt 11/4/2012 4,012 12,611 14 1,509 841 1,649 16/64 4,900
Matador K. Love Orca 3H DeWitt 11/6/2012 4,777 12,787 16 1,456 1,585 1,720 16/64 4,775
Martin Ranch B 13H

La Salle

11/22/2012 5,364 9,476 23 519 162 546 14/64 2,125
Martin Ranch B 9RH

La Salle

11/25/2012 5,364 9,428 23 482 240 522 14/64 2,000
Frances Lewton 2H DeWitt 12/5/2012 6,277 13,072 21 1,178 4,203 1,879 14/64 6,150
Matador Cowey Orca 1H DeWitt 12/9/2012 3,332 13,593 13 580 3,325 1,134 12/64 8,000
Northcut A 4H

La Salle

12/18/2012 4,592 9,069 16 395 139 418 14/64 1,580
                                   
Average             5,113       18.4   828 Bbl/day   1,082 Mcf/day   1,008 BOE/day
 
1) Total length of perforated lateral from the first perforation to the last perforation
2) Top perf is measured depth
3) Rates as reported to the Texas Railroad Commission via W-2 or G-1 form
4) Rates are based on actual, stabilized, 24 hour production on a constant choke size
5) Oil equivalent rates are based on a 6:1 ratio of six Mcf gas per one Bbl oil
 

PV-10 Reconciliation

PV-10 is a non-GAAP financial measure and generally differs from Standardized Measure, the most directly comparable GAAP financial measure, because it does not include the effects of income taxes on future net revenues. PV-10 is not an estimate of the fair market value of our properties. Matador and others in the industry use PV-10 as a measure to compare the relative size and value of proved reserves held by companies and of the potential return on investment related to the companies’ properties without regard to the specific tax characteristics of such entities. The PV-10 at December 31, 2008, December 31, 2009, December 31, 2010, December 31, 2011 and September 30, 2012 may be reconciled to the Standardized Measure of discounted future net cash flows at such dates by reducing PV-10 by the discounted future income taxes associated with such reserves. The PV-10 at December 31, 2008, December 31, 2009, December 31, 2010, December 31, 2011 and September 30, 2012 were, in millions, $44.1, $70.4, $119.9, $248.7 and $363.6, respectively. The discounted future income taxes at December 31, 2008, December 31, 2009, December 31, 2010, December 31, 2011 and September 30, 2012 were, in millions, $0.8, $5.3, $8.8, $33.2 and $29.7, respectively.

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