SLIDE 1
November 2014
LTD
Forward Looking Statements
- This presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the
words "will", "expects", "believe", "plans", "potential" and similar expressions are intended to identify forward-looking statements or information.
- More particularly and without limitation, this presentation contains forward looking statements and information concerning: Relentless’s future plans and
strategy; estimated production and reserves and anticipated increases in production and reserves; development and drilling programs, plans and opportunities; expected finding and development costs and on-stream costs; netback and well economics; future development and growth opportunities; cash flow, net asset value and reserves life.
- The forward-looking statements and information in this presentation are based on certain key expectations and assumptions made by Relentless; including
prevailing commodity prices and exchange rates; applicable royalty rates and tax laws; future well production rates; reserve and resource volumes; the performance of existing wells; the success obtained in drilling new wells; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; and the receipt, in a timely manner of regulatory, stock exchange and other required approvals. Although Relentless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Relentless can give no assurance that they will prove to be correct. There is no certainty that Relentless will achieve commercially viable production from its undeveloped lands and prospects.
- Certain information set forth in this document, including management’s assessment of Relentless’s future plans and operations, contains forward-looking
statements including: (i) forecasted capital expenditures and plans; (ii) exploration, drilling and development plans; (iii) prospects and drilling inventory and locations; (iv) anticipated production rates; (v) expected royalty rate; (vi) anticipated operating and service costs; (vii) our financial strength; (viii) incremental development opportunities; (ix) total shareholder return; (x) growth prospects; (xi) sources of funding, which are provided to allow investors to better understand
- ur business. By their nature, forward-looking statements are subject to numerous risks and uncertainties; some of which are beyond Relentless’s control,
including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, changes in environmental tax and royalty legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Relentless’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements or if any of them do so, what benefits that Relentless will derive there from. Relentless disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
- Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the operations or
financial results of Relentless are included in reports on file with applicable securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).
- The forward-looking statements and information contained in this presentation are made as of the date hereof and Relentless undertakes no obligation to
update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Boe Advisory
- The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. A Boe conversion ratio of six thousand cubic feet per barrel (6 Mcf:
1 Bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.