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Forward-looking information<br />
• This presentation contains "forward-looking information" (within the meaning of applicable<br />
Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private<br />
Securities Litigation Reform Act of 1995). These include statements about our strategic and<br />
operational plans and goals, proposed development and growth opportunities and capital<br />
spending, production base and changes to production base, the expected closing date for the<br />
proposed sale of the Trinidad assets, in conjunction with Joint Oil, the potential for a two year<br />
extension to our exploration program and the expectation of successful future results.<br />
• Such forward-looking information or statements are based on a number of risks, uncertainties and<br />
assumptions which may cause actual results or other expectations to differ materially from those<br />
anticipated and which may prove to be incorrect. Assumptions have been made regarding, among<br />
other things, operating conditions, regulatory approvals, availability of capital, capital and other<br />
expenditures. Actual results could differ materially due to a number of factors, including, without<br />
limitation, risks affecting the Company's ability to execute projects and market oil and natural gas,<br />
volatility of oil and gas prices, risks inherent in operating in foreign jurisdictions, the inability to raise<br />
additional capital, changes in project schedules, commercial negotiations, and unforeseen<br />
technical difficulties. Additional assumptions and risks are set out in detail in the Company's annual<br />
reports on Form 40-F or Form 20-F on file with the U.S. Securities and Exchange Commission.<br />
• Prospective investors should not place undue reliance on forward-looking statements because the<br />
Company can provide no assurance that such expectations will prove to be correct. We base our<br />
forward-looking statements on information currently available and do not assume any obligation to<br />
update them except as required by law.<br />
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