This web site contains or incorporates by reference forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this web site, including without limitation, statements in Management’s Discussion and Analysis of Financial Condition and Results of Operations regarding our financial position, estimated quantities and net present values of reserves, business strategy, plans and objectives of the Company’s management for future operations, covenant compliance and those statements preceded by, followed by or that otherwise include the words “believe”, “expects", “anticipates”, “intends”, “estimates”, “projects”, “target”, “goal”, “plans”, ”objective”, “should”, or similar expressions or variations on such expressions are forward looking statements. The Company can give no assurances that the assumptions upon which such forward looking statements are based will prove to be correct nor can the Company assure adequate funding will be available to execute the Corporation’s planned future capital program. From time to time, the Company gives its estimates of cash flow. Unless otherwise noted, cash flow means cash flow from operations as defined under GAAP.

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. We use certain terms in this Web site, such as “possible reserves, probable or proved plus probable reserves and estimated reserves” 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 10-K.

Other risks and uncertainties include, but are not limited to, fluctuations in the price the Company receives for oil and gas production, reductions in the quantity of oil and gas sold due to increased industry-wide demand and/or curtailments in production from specific properties due to mechanical, marketing or other problems, operating and capital expenditures that are either significantly higher or lower than anticipated because the actual cost of identified projects varied from original estimates and/or from the number of exploration and development opportunities being greater or fewer than currently anticipated and increased financing costs due to a significant increase in interest rates. Full details regarding the selected financial information provided above will be available in the Company’s annual report and in the Annual Information Form to be filed under the cover of 10-K, also available from the Company at 363 N. Sam Houston Pkwy E., Suite 1200, Houston, TX 77060. You can also obtain this form from the SEC by calling 1-800-SEC-0330.