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.
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.
The documents available on or through this website contain certain forward-looking statements and forward-looking information (collectively referred to as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of historic fact are forward-looking statements. Forward-looking statements are typically identified by such words as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "potential", "targeting", "intend", "could", "might", "should", "believe" or similar words suggesting future events or future performance. In addition, statements relating to "reserves" or "contingent resources" are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and contingent resources described exist in the quantities predicted or estimated and can be profitably produced in the future.
In particular, the documents available on or through this website contain forward-looking statements pertaining to the following:
Undue reliance should not be placed on forward-looking statements. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will be realized. Actual results will differ, and the differences may be material and adverse to the Company and its shareholders.
By their very nature, forward-looking statements involve inherent risks and uncertainties (both general and specific) and risks that the goals or figures contained in forward-looking statements will not be achieved. These factors include, but are not limited to, risks associated with fluctuations in market prices for crude oil, natural gas and diluent, general economic, market and business conditions, volatility of commodity inputs, substantial capital requirements, uncertainties inherent in estimating quantities of reserves and resources, extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations from time to time, the need to obtain regulatory approvals on projects before development commences, environmental risks and hazards and the cost of compliance with environmental regulations, aboriginal claims, inherent risks and hazards with operations such as fire, explosion, blowouts, mechanical or pipe failure, cratering, oil spills, vandalism and other dangerous conditions, financial loss associated with derivative financial instruments, potential cost overruns, variations in foreign exchange rates, variations in interest rates, diluent and water supply shortages, competition for capital, equipment, new leases, pipeline capacity and skilled personnel, uncertainties inherent in the SAGD bitumen and ASP recovery process, credit risks associated with counterparties, the failure of the Company or the holder of licences, leases and permits to meet requirements of such licences, leases and permits, reliance on third parties for pipelines and other infrastructure, changes in royalty regimes, failure to accurately estimate abandonment and reclamation costs, inaccurate estimates and assumptions by management, effectiveness of internal controls, the potential lack of available drilling equipment and other restrictions, failure to obtain or keep key personnel, title deficiencies with the Company's assets, geo-political risks, risks that the Company does not have adequate insurance coverage, risk of litigation and risks arising from future acquisition activities, the risks discussed under "Risk Factors" and included in the Company's Annual Information Form and the Company's public disclosure documents and other factors, many of which are beyond the Company's control. Readers are cautioned that these factors and risks are difficult to predict and that the assumptions used in the preparation of such information, although considered reasonably accurate at the time of preparation, may prove to be incorrect. Readers are also cautioned that the foregoing list of factors 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 the documents available on or through this website 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.
Documents on this website may use the terms "Funds flow from operations" and "funds 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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