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| | Disclaimer TERMS OF USE This website is owned and maintained by BlackPearl Resources Inc. ("BlackPearl" or the "Corporation"). You agree to the following terms and conditions when using this site. This website and the material on it may be changed, modified, discontinued, suspended or updated from time to time in whole or in part without notice. INVESTMENT DECISIONS Material contained in or accessible through this website is for information purposes only and is not intended to and does not constitute a solicitation or an offering of securities in any jurisdiction, nor should it be used for the purpose of making investment decisions with respect to BlackPearl's securities. BlackPearl is subject to the securities laws of various jurisdictions. Information disclosed or provided by us pursuant to the securities laws of those jurisdictions is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through, or on this website. Our publicly filed disclosure documents can be viewed at www.sedar.com. FORWARD-LOOKING STATEMENTS The documents available on or through this website contain certain forward-looking statements and forward-looking information within the meaning of applicable Canadian securities legislation (collectively referred to as "forward-looking statements"). 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 "anticipate", "believe", "plan", "continuous", "estimate", "expect", "may", "will", "project", "should", "predict", "targeting", "seek", "intend", "could", "potential" or similar words. These 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 such forward-looking statements should not be unduly relied upon. In particular, this document contains forward-looking statements pertaining to, and which rely on assumptions such as to, without limitation, the following: future crude oil and natural gas prices; the timing and amount of future oil and gas production; expected capital and operating costs, general and administrative and other costs; future earnings and cash flow from operations; future drilling plans and capital expenditure programs; potential oil recovery factors; timing of regulatory approvals; the Company's business plans and strategies; potential sources of capital; supply and demand for oil and natural gas; the Company's ability to add reserves through acquisitions, exploration and development; and the impact of federal and provincial governmental regulation. Actual results could differ materially from the results anticipated in these forward-looking statements as a result of several risk factors. These factors include, but are not limited to, volatility of oil and natural gas prices, ability to replace reserves, uncertainties associated with estimating oil and gas reserves, substantial capital requirements and the Company's ability to access additional capital, risks and uncertainties inherent in exploration and development activities, government regulation and changes in legislation, environmental matters, aboriginal claims, dependence on key personnel, availability of drilling equipment and skilled personnel, expiration of licenses and leases, competition, conflicts of interest, issuance of debt or equity, title to properties, variations in exchange rates and hedging and uncertainty in global financial markets. Further information regarding these risk factors may be found under the heading "Risk Factors" in the Annual Information Form. With respect to forward-looking statements contained in this report, management has made assumptions regarding future production levels; future oil and gas prices; future operating costs; timing and amount of capital expenditures; the ability to obtain financing on acceptable terms; availability of skilled labour and drilling and related equipment; general economic and financial market conditions; continuation of existing tax and regulatory regimes; and the ability to market oil and natural gas successfully to current and new customers. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Statements relating to "reserves" are forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions that the reserves described exist in the quantities predicted or estimated and can profitably be produced in the future. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to the Company and its shareholders. Readers are also cautioned that the foregoing list of factors and risks is not exhaustive. Consequently, there is no representation by the Company that actual results achieved will be the same in whole or in part as those set out in the forward-looking information. Furthermore, the forward-looking statements contained in this report are made as of the date hereof, and the Company does not undertake any obligation, except as required by applicable securities legislation, to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained herein are expressly qualified by this cautionary statement. BARRELS OF OIL EQUIVALENT All references to BOEs are based on a 6 to 1 conversion ratio. BOEs may be misleading, particularly if used in isolation. A BOE conversion of 6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. NON-GAAP MEASURES Documents on this website may use the terms "Cash flow from operations" and "cash flow" which represent cash flow from operating activities before working capital adjustments. These financial measures are not defined by generally accepted accounting principles ("GAAP" and therefore are referred to as non-GAAP measures. LINKS AND THIRD PARTY WEBSITES Links to third party websites contained in the website are provided to you as a convenience only. Such links are accepted by you "as is", "where is" and "as available" and subject to the disclaimers and limitations set forth in these Terms and Condiitons. Your use of such links will take you to websites that are controlled by third parties and not BlackPearl, and that are subject to change at any time. BlackPearl accepts no obligation to monitor or police such links, or to change or remove them should the content of any such third part linked website be unavailable or objectionable, or any liability should it not do so in a timely fashion or at all. You therefore access such third party websites solely at your own risk and agree that in no event shall BlackPearl be liable for the contents of any such website, or for any reliance by you upon such website or use of its contents. DISCLAIMER OF WARRANTIES The information and material contained in this website are believed to be accurate and complete at the time of their posting. Although BlackPearl attempts to ensure that all information and material remain current and accurate, BlackPearl does not warrant their accuracy, completeness and currency at all times. No warranty of any kind, implied, express or statutory, including but not limited to warranties as to non-infringement of intellectual property rights or third party rights, title, latent defects, uninterrupted service, merchantability, fitness for a particular purpose and freedom from computer viruses, is given in conjunction with the information, materials and software algorithms. EXCLUSION OF LIABILITY BlackPearl shall not be liable for any claims, expenses, loss of profits or damages (including direct, indirect, special or consequential damages) arising from:
The reader agrees to hold BlackPearl, its subsidiaries and their directors, officers, employees and agents harmless against claims for damages or costs or loss of any kind arising from access to or use of this web site or any information contained in or obtained through this web site. | | |
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