Forward Looking Statements Except for historical information, statements made in this release, including those relating to significant potential, future earnings, cash flow, capital expenditures, production growth and planned number of wells (as well as the timing of rig operations, natural gas processing plant commissioning and operations, fracture stimulation activities and the completion of wells and the expected dates that wells are producing hydrocarbons that are sold), are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward- looking statements are indicated by words such as “expected”, “expects”, “anticipates” and similar words. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the company's future performance are subject to a wide range of business risks and uncertainties, and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements, including (without limitation) the following: • adverse economic conditions in the United States and globally; • the difficult and adverse conditions in the domestic and global capital and credit markets; • domestic and global demand for oil and natural gas; • sustained or further declines in the prices the company receives for oil and natural gas; • the effects of government regulation, permitting and other legal requirements; • the geologic quality of the company’s properties with regard to, among other things, the existence of hydrocarbons in economic quantities; • uncertainties about the estimates of the company’s oil and natural gas reserves; • the company’s ability to increase production and oil and natural gas income through exploration and development; • the company’s ability to successfully apply horizontal drilling techniques and tertiary recovery methods; • the number of well locations to be drilled, the cost to drill and the time frame within which they will be drilled; • the effects of adverse weather on operations; • drilling and operating risks; • the ability of contractors to timely and adequately perform their drilling, construction, well stimulation, completion and production services; • the availability of equipment, such as drilling rigs and transportation pipelines; • changes in the company’s drilling plans and related budgets; • the adequacy of capital resources and liquidity including (without limitation) access to additional borrowing capacity; and • uncertainties associated with our legal proceedings and the outcome. The company undertakes no obligation to publicly update or revise any forward-looking statements. Further information on the company’s risks and uncertainties is available in the company's filings with the Securities and Exchange Commission. The company's internal estimates of reserves may be subject to revision and may be different from estimates by the company's external reservoir engineers at year end. Although the company believes the expectations and forecasts reflected in these and other forward-looking statements are reasonable, it can give no assurance they will prove to have been correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. 2 Forward Forward Looking Looking Statements Statements | 
