This presentation includes forward-looking statements, which give the Company's current expectations or forecasts of future
events based on currently available information. Forward-looking statements are statements that are not historical facts,
such as expectations regarding drilling plans, including the acceleration thereof, production rates and guidance, resource
potential, incremental transportation capacity, exit rate guidance, net present value, development plans, progress on
infrastructure projects, exposures to weak natural gas prices, changes in the Company's liquidity, changes in acreage
positions, expected expenses, expected capital expenditures, and projected debt balances. The assumptions of
management and the future performance of the Company are subject to a wide range of business risks and uncertainties
and there is no assurance that these statements and projections will be met. Factors that could affect the Company's
business include, but are not limited to: the risks associated with drilling of oil and natural gas wells; the Company's ability to
find, acquire, market, develop, and produce new reserves; the risk of drilling dry holes; oil and natural gas price volatility;
derivative transactions (including the costs associated therewith and the abilities of counterparties to perform thereunder);
uncertainties in the estimation of proved, probable, and possible reserves and in the projection of future rates of production
and reserve growth; inaccuracies in the Company's assumptions regarding items of income and expense and the level of
capital expenditures; uncertainties in the timing of exploitation expenditures; operating hazards attendant to the oil and
natural gas business; drilling and completion losses that are generally not recoverable from third parties or insurance;
potential mechanical failure or underperformance of significant wells; availability and limitations of capacity in midstream
marketing facilities, including processing plant and pipeline construction difficulties and operational upsets; climatic
conditions; availability and cost of material, supplies, equipment and services; the risks associated with operating in a limited
number of geographic areas; actions or inactions of third-party operators of the Company's properties; the Company's ability
to retain skilled personnel; diversion of management's attention from existing operations while pursuing acquisitions or
dispositions; availability of capital; the strength and financial resources of the Company's competitors; regulatory
developments; environmental risks; uncertainties in the capital markets; general economic and business conditions
(including the effects of the worldwide economic recession); industry trends; and other factors detailed in the Company's
most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. If one or more of these
risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions
prove incorrect, actual outcomes may vary materially from those forecasted or expected. The Company undertakes no
obligation to publicly update or revise any forward-looking statements except as required by law.
