The statements contained on this website that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of the company and its management 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. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: our lack of operating history; limited and potentially inadequate cash resources; risk and uncertainties associated with exploration, development and production of oil and gas; expropriation and other risks associated with foreign operations; matters affecting the oil and gas industry generally, lack of availability of oil and gas field goods and services, environmental risks, drilling and production risks; changes in laws or regulations affecting our operations, the impact of uncertainties of litigation, as well as other risks described in our Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission.
Note to Investors
The United States Securities and Exchange Commission ("SEC") 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. We use certain terms on this website, such as "total gas-in-place" and "recoverable CBM resources," that are not permitted to be included in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-K, File No. 0-32455, available from us on this website under the heading, "SEC Filings". You can also obtain our Form 10-K and our other SEC filings over the Internet at the SEC's website at http://www.sec.gov. Additionally, you can obtain any document we file with the SEC at its public reference facility. Please call the SEC at 1-800-SEC-0300 for further information on the operation of the public reference facility. This website also contains information about adjacent properties on which we have no right to explore. U.S. investors are cautioned that petroleum/mineral deposits on adjacent properties are not necessarily indicative of such deposits on our properties.
Certain technical terms used in this website associated with descriptions of the potential for oil and gas properties are not consistent with "Proved Reserves" and thus the SEC guidelines prohibit us from including such terms in filings with the SEC. Such terms used herein are defined as follows:
This term refers to discovered and undiscovered Gas-In-Place which is the quantity of hydrocarbons which is estimated, on a given date, to be contained in known accumulations, plus those quantities already produced therefrom, plus those estimated quantities in accumulations yet to be discovered.
Recoverable CBM Resources
Recoverable CBM resources refer to a calculation based on geologic and/or engineering data similar to that used in estimates of proved reserves; but technical, contractual, economic, or regulatory uncertainties preclude such resources from being classified as proved reserves. Recoverable CBM resources may also be estimated assuming future economic conditions different from those prevailing at the time of the estimate.
Those quantities of CBM estimated, as of a given date, to be potentially recoverable from known accumulations by application of development projects, but which are not currently considered to be commercially recoverable due to one or more contingencies.
Estimated Ultimate Recovery:
The sum of resources remaining as of a given date and the cumulative production as of that date.