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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 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
