Question-and-Answer Session
Operator
Thank you, sir. (Operator Instructions). And our first question comes from the line of David Tameron with Wachovia. Please proceed with your question.
David Tameron - Wachovia Capital Markets
Hi, good morning Chip.
S. P. Johnson, IV
Hey David.
David Tameron - Wachovia Capital Markets
Couple of questions, getting back to revolver. Can you give some more clarity? Reserves are 45% year-over-year, obviously that's a great number. How much they have sensed the last redetermination, the PDPs?
S. P. Johnson, IV
Andy (ph) do you have a number handy?
Unidentified Analyst
I don't Chip.
S. P. Johnson, IV
No, we didn't even have the wells on UT Arlington back in. So...
David Tameron - Wachovia Capital Markets
But maybe the let me ask where I'm going with that, I mean what's your confidence after talking with the banks that your revolver will be at least at or higher than current levels. Any indication where you expect it to come in?
S. P. Johnson, IV
I would say greater than 50%. We've run... we've looked at every price tag they can give us and it still shows a sizeable increase.
David Tameron - Wachovia Capital Markets
Okay and what's your current revolver and what you've drawn?
S. P. Johnson, IV
Currently, that will be about 175 or 179 drawn and we have a revolver of 250.
Unidentified Analyst
That's right.
David Tameron - Wachovia Capital Markets
So you saw, maybe $70 million available.
S. P. Johnson, IV
Right and we haven't really increased that amount drawn now for a month.
David Tameron - Wachovia Capital Markets
Okay so and if you have $70 million available and you are spending within cash flow in 2009, there shouldn't be any type of credit issues?
S. P. Johnson, IV
Right, there should not. But we would like to also add more banks. I think we have seven banks now. We'd kind of like to get that number up to 10 or 11 banks just to spread the risk, the bank risk.
David Tameron - Wachovia Capital Markets
Okay. Cash, let me jump to cash flow. You guys said you could spend within cash flow. What number is that and what price is that? Because if I'm right on my deck, I'm generating 120 million of cash flow. What kind of number have you drawn to the Board or what number do you guys have proposed?
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