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Monarch Gulf Exploration, Inc. Oil and Gas Exploration Division www.MonarchGulf.com |
FORWARD LOOKING STATEMENTS AND ASSUMPTIONS Certain statements discussed herein, primarily with reference to targeted properties for acquisition and development, are based upon Operator’s estimates of proved developed reserves, proved undeveloped reserves and discounted present value (pretax). Proved reserves are those estimated quantities of crude oil, natural gas and natural gas liquids which geological and engineering data demonstrates with reasonable certainty are to be recoverable in future years from known reservoirs under existing economic and operating conditions. The values reported may not necessarily reflect the fair market value of the reserves. Statements and calculations concerning oil, natural gas and natural gas liquids reserves and their present value are considered forward looking statements in that they reflect the determination, based on estimates and assumptions, that oil, natural gas, and natural gas liquids reserves may be profitably exploited in the future. Management uses words like "anticipate," "estimate," "project," "expect," "plan," "forecast," "intend," "could," and "may," and similar expressions and statements regarding business strategy, plans and objectives for future operations to help identify forward-looking statements. Other statements in this presentation and the documents incorporated by reference that are not historical facts are also forward-looking statements. The Management has based these forward-looking statements on current expectations and projections about future events based upon certain knowledge and facts as of the date of this presentation and assumptions about future events. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct. These statements are subject to certain risks, uncertainties, and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove to be incorrect, actual results may vary materially from those anticipated, estimated, projected or expected. |
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