DISCLAIMER

Disclaimer: All the information contained within this website was deemed accurate at the time the information was posted. However, the information may be superseded by subsequent events or disclosures and may become inaccurate over time. Any significant/material changes relative to the information are updated as soon as possible, or on a quarterly basis.
This information on this website this discussion documents contains the terms “estimated reserves based on escalating pricing” and “contingent resources”. The Company advises investors that although these terms are recognized and required by Canadian securities regulations (under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities), the US Securities and Exchange Commission does not recognize these terms. . In addition, “estimated reserve value” has an amount of uncertainty as to their existence, and economic and legal feasibility In addition, “prospective or contingent resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of a prospective or contingent resource will ever be upgraded to a higher category. Under Canadian rules, estimates of prospective or contingent resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a “preliminary assessment” as defined under National Instrument 51-101. CAUTIONARY NOTE TO U.S. INVESTORS – The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions and constant pricing. We use certain terms on this management discussion, such as prospective resource or economic forecast based on escalating pricing, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10K.