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; 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 10Q 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.
Forward-Looking Statements and Terminology Used
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