DISCLAIMER

Statements throughout this website that are not historical facts may be considered "forward looking statements". These statements are based on certain estimates and assumptions and involve risks and uncertainties. Actual results may differ materially from those currently anticipated due to many factors, including such variables as new information regarding recoverable reserves; changes in demand for and commodity prices of crude oil and natural gas; legislative, environmental and other regulatory or political changes; and competition in areas where the Company operates. The Company assumes no obligation to update forward looking statements should circumstances or management's estimates change.

"Funds flow from operations" is not a measure that has any standardized meaning prescribed by GAAP and is considered a non-GAAP measure. Therefore, this measure may not be comparable to similar measures presented by other issuers. This measure has been presented to provide investors with additional information regarding the Company's liquidity and its ability to generate funds to finance its operations. All references to funds flow from operations are based on cash flow before changes in non-cash working capital items. boes may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.