Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from David Heikkinen of Tudor, Pickering, Holt. Please proceed.
David Heikkinen - Tudor, Pickering, Holt
Good morning, guys. Just a question on the comments that you made about share repurchases, given your relatively limited float. Why use your cash flow to buying your own stock as opposed to look at the M&A market, looking at drilling additional wells, or farm-ins and other projects, either deep water or shelf? How do you decide to allocate capital towards buying back stock?
Gary Blackie
Well, coming out of the strategic process that resulted in those, we felt like it would be a show of support for our company and the strength of the stock that we anticipate there. So, the plan was put it in place for that purpose, and we see the company as a great investment. And if there is any fluctuation in our stock price, we will feel comfortable in making that investment.
David Heikkinen - Tudor, Pickering, Holt
Maybe I missed. In the fourth quarter, how many shares did you buy back?
Gary Blackie
100,000 shares.
David Heikkinen - Tudor, Pickering, Holt
And what is the remaining commitment?
Roland Burns
Well, David, this is Roland. We purchased those at little under, somewhere around $19 a share, so there is -- the (average) is very little of the plan.
David Heikkinen - Tudor, Pickering, Holt
Okay.
Roland Burns
Couple of million dollars of it.
David Heikkinen - Tudor, Pickering, Holt
Okay. And so when you think about your exploratory program this year, 300 plus Bcf of adds, I am just looking at the schedule in the presentation that you provided. Is this in order of when you're going to drill, or is this just grouped? It looks like it's grouped by project. Can you talk about what is beyond Chinook, the order of your drilling program?
Gary Blackie
Sure, if you look at the list, Wild Bill is on there, which is probably one of the bigger impacts. The results of Chinook would lead us into Wild Bill, basically as a direct offset for Chinook. So most of the plays do have an order of sequence, depending on what was found in the previous well. And you also have some land issues that have to be clarified and solidified before you can move the rig in, which include permitting issues. So, it's a rather dynamic schedule, but that's the schedule we planned on executing.
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