Cautionary Note Regarding Projections

This website contains information that plans for or anticipates future events.  Such forward-looking information is provided pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995.  These projections reflect the company’s current views with respect to future events, based on what the company believes are reasonable assumptions with respect to such assumptions, projections and expressions of opinion or predictions. The company cautions that the company’s future performance involves certain risks and uncertainties, and that the company’s factual results could differ materially from those expressed or implied in these projections and related forwarding-looking statements.  Oil and gas operations involve substantial costs and are subject to various economic risks.  Our oil and gas operations are subject to the economic risks  typically associated with exploration, development and production activities, including the necessity of significant expenditures to locate and acquire producing properties and to drill exploratory wells.  Other factors which may affect the accuracy of forward-looking information include the company’s ability to identify and control variable costs as well as other factors described in documents the company files with the SEC. These documents may be accessed directly from the SEC’s website at:  http://www.sec.gom

Cautionary Note to U.S. Investors Regarding Oil and Gas Reserve Estimates:

The U.S. 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.  The Company is prohibited from disclosing other categories of reserves in its SEC filings.  We may use certain terms on this website such as “Probable” or “Possible” oil and gas 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 SEC filings, available from us at 550 Westlake Park Blvd., Suite 525, Houston, Texas 77070.

Forward Looking Statements

This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.These forward looking statements are based on our current expectations about our company, our properties, our estimates of required capital expenditures and our industry.  You can identify these forward-looking statements when you see us using words such as "expect," "will", "anticipate," "indicate," "estimate," "believes," "plans" and other similar expressions.  These forward-looking statements involve risks and uncertainties.  Our actual results could differ materially from those anticipated in these forward looking statements.  Such uncertainties include the success of our project financing efforts, accuracy of well test results, well refurbishment efforts, successful production of indicated reserves, satisfaction of well test period requirements, successful installation of required permanent processing facilities, receipt of all required permits, and the successful management of our capital expenditures, and other normal business risks.  We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.  We caution you not to place undue reliance on those statements.