Certain statements contained on this web site constitute forward-looking statements. Forward-looking statements relate to future events or the Company’s future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as «seek», «anticipate», «budget», «plan», «continue», «estimate», «expect», «forecast», «may», «will», «project», «predict», «potential», «targeting», «intend», «could», «might», «should», «believe» and similar words suggesting future outcomes or statements regarding an outlook.

Forward-looking statements on this web-site include, but are not limited to, statements with respect to: the performance characteristics of the Company’s oil and natural gas properties; drilling plans and the timing and location thereof; plans for the exploration and development of the License.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and readers are cautioned not to place undue reliance on forward-looking statements contained in this press release. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking statements contained in this press release include, but are not limited to: volatility of oil and natural gas prices; liabilities inherent in oil and natural gas operations; uncertainties associated with estimating oil and natural gas reserves; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; geological, technical, drilling and processing problems; drilling and testing results, fluctuations in currency and interest rates; product supply and demand; risks inherent in the Company’s foreign operations; changes in environmental and other regulations or the interpretation of such regulations; political and economic conditions in Russia; the possibility that the financing will not close, and other factors.