Disclaimer

Uncertainty of Forward-Looking Statements and Information

Some of the statements made in this Website may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. The words and phrases "should be", "will be", "believe", "expect", "anticipate", "estimate", "forecast", "goal" and similar expressions identify forward-looking statements and express our expectations about future events. These include such matters as:

• Our financial position
• Business strategy and budgets
• Anticipated capital expenditures
• Drilling of wells
• Natural gas and oil reserves
• Timing and amount of future production of natural gas and oil
• Operating costs and other expenses
• Cash flow and anticipated liquidity
• Prospect development and property acquisitions
• Planned or potential sale of assets
• Hedging results

Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will occur. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from actual future results expressed or implied by the forward-looking statements. These factors include among others:

• Risks associated with exploration
• Ability to raise capital to fund capital expenditures
• Ability to find, acquire, develop and produce new properties and market production
• Volatility of natural gas and oil prices
• Uncertainties in the estimation of proved reserves and in the projection of future rates of production and timing of development expenditures
• Operating hazards attendant to the natural gas and oil business
• Downhole drilling and completion risks that are generally not recoverable from third parties or insurance
• Potential mechanical failure or under-performance of significant wells
• Climatic conditions
• Availability and cost of material and equipment
• Delays in anticipated start-up dates
• Actions or inactions of third-party operators of our properties
• Commodity price movements adversely affecting our hedge positions
• Ability to find and retain skilled personnel
• Strength and financial resources of competitors
• Regulatory developments
• Environmental risks
• General economic conditions

You should not unduly rely on these forward-looking statements in this Website, as they speak only as of the date of such statements. Except as required by law, we undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances occurring after the date of such statements or to reflect the occurrence of unanticipated events. See the information under the heading "Risk Factors" in our most recent Form 10-KSB for some of the important factors that could affect our financial performance or could cause actual results to differ materially from estimates contained in forward-looking statements.