Forward Looking Statements

This website includes "Forward Looking Statements" such as those concerning the Company’'s plans, expectations and objectives for future expectations

All statements, other than historical facts, addressing events or developments that may occur in the future may be subject to certain assumptions, risks and uncertainties beyond the Company's control.

Investors are cautioned that any such statements are not guarantees of future performance and that actual results may differ materially.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This website contains “forward-looking statements” within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”) which represent our expectations or beliefs about future events. These statements can be identified generally by forward-looking words such as “expect”, “believe”, “anticipate”, “plan”, “intend”, “estimate”, “may”, “will” or similar words. Forward-looking statements are statements about the future and are inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those described in Item 3.of the company’s annual report for the year ended December 31, 2005 under the heading, “Risk Factors”, and elsewhere in the annual report. These risks and uncertainties include:

• the risks of the oil and gas industry, such as operational risks in exploring for, developing and producing crude oil and natural gas;
• market demand;
• risks and uncertainties involving geology of oil and gas deposits;
• the uncertainty of reserves estimates and reserves life;
• the uncertainty of estimates and projections relating to production, costs and expenses;
• potential delays or changes in plans with respect to exploration or development projects or capital expenditures;
• fluctuations in oil and gas prices, foreign currency exchange rates and interest rates;
• health, safety and environmental risks;
• uncertainties as to the availability and cost of financing; and
• the possibility that government policies or laws may change or governmental approvals may be delayed or withheld.
• Other sections of this website may include additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Our forward-looking statements contained in this website are made as of the respective dates set forth in this website. Such forward-looking statements are based on the beliefs, expectations and opinions of management as of the date the statements are made. We do not intend to update these forward-looking statements. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.