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Forward-Looking Statements
All statements, other than statements of historical fact, included in this presentation are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts,
such as expectations regarding drilling plans, changes in acreage positions, and expected capital expenditures. 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; 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; pipeline construction
difficulties; climatic conditions; availability and cost of material and equipment; the risks associated with operating in a limited number
of geographic areas; availability of capital; regulatory developments; environmental risks; 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 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 change), 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.
Cautionary Statement Concerning Resources
The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only
proved, probable and possible reserves that a company anticipates as of a given date to be economically and legally producible by
application of development projects to known accumulations. We may use certain terms in this presentation, such as “Risked Project
Inventory”, “Project Counts”, “Net Risked Resources”, “Total Resources”, “Unrisked Potential”, “Unrisked Original Resources in Place”,
and “Unrisked EUR Potential” that the SEC's guidelines strictly prohibit us from including in filings with the SEC. These estimates are by
their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of actually
being realized.
