This presentation includes forward-looking statements. Forward-looking statements related
to future events, such as expectations regarding our capital program, development plans,
production rates, resource potential, transportation capacity, net present value and projected
liquidity. These statements are not guarantees of future performance and actual outcomes
may differ materially. Factors that could affect the Company's business include, but are not
limited to: oil and gas prices, operating hazards, drilling risks, unsuccessful exploratory
activities; unexpected cost increases; potential liability for remedial actions under existing or
future environmental regulations; potential liability resulting from pending or future litigation;
limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty
in the domestic or international financial markets; as well as changes in tax, environmental
and other laws applicable to our business. Other factors that could cause actual results to
differ materially from those described in the forward-looking statements include other
economic, business, competitive and/or regulatory factors affecting our business generally
as set forth in our filings with the Securities and Exchange Commission. Unless legally
required, the Company undertakes no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events or otherwise. For filings
reporting year-end 2013 reserves, the SEC permits the optional disclosure of probable and
possible reserves. The Company has elected not to report probable and possible reserves
in its filings with the SEC. We use the term “net risked resources” or “inventory” to describe
the Company’s internal estimates of volumes of natural gas and oil that are not classified as
proved reserves but are potentially recoverable through exploratory drilling or additional drilling
or recovery techniques. Estimates of unproved resources are by their nature more speculative
than estimates of proved reserves and accordingly are subject to substantially greater risk of
actually being realized by the Company. Estimates of unproved resources may change
significantly as development provides additional data, and actual quantities that are ultimately
recovered may differ substantially from prior estimates.
