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Advisory Regarding Forward-Looking Statements and Information

This website contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking statements or information. More particularly and without limitation, this website contains forward-looking statements and information concerning: the expected production of the Company for future periods, estimates of capital expenditures, drilling, exploration and facilities construction plans for each of the Company's properties and estimates of oil reserves and future net revenue associated with certain of the Company's properties.

The forward-looking statements and information in this website are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning: prevailing and future commodity prices and exchange rates; applicable royalty rates and tax laws in Colombia; future well production rates; the performance of existing wells; application of existing technologies and future advancements in technology to the Company's operations and drilling activities; the success obtained in drilling new wells; the inventory of new drilling locations; 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 and third party approvals. Although the Company 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 the Company can give no assurance that they will prove to be correct. There is no representation by the Company that actual results achieved during the periods identified in this website will be the same in whole or in part as those forecast.

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with the oil and gas industry in general such as: competition for prospective properties with companies having greater resources; the marketability of, and prices for, crude oil; the ability of the Corporation to deliver its crude oil; fluctuations in the market price and demand for crude oil; current global financial conditions; foreign currency risks; political, regulatory and legal issues in Colombia; replacement of existing reserves on an ongoing basis; failure to realize anticipated benefits of acquisitions and dispositions; the availability of equipment and access restrictions, including operating hazards and environmental risks and hazards; risks inherent in the exploration, development and production of oil which may create liabilities to the Company in excess of the Company's insurance coverage; reliance on third party operators and key personnel; the potential losses which would stem from any disruptions in production, including work stoppages or disruptions in the transportation network on which the Company is reliant; issuance of debt; management of growth related risks; and the continued influence of the Company's significant shareholder. The reserve and recovery information contained in this website are estimates only and the actual production and ultimate reserves recovered from the Company's properties may be greater or less than the estimates contained herein.

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 the Company are included in the Company's annual information form dated March 31, 2011 for the year ended December 31, 2010 which is available under the Company's profile on the SEDAR website maintained by the securities regulatory authorities in Canada at www.sedar.com.

Any forward-looking information contained in any documents filed by the Corporation that are accessible through this Website are specifically qualified by any cautionary statements regarding forward-looking statements contained therein.

The forward-looking statements and information contained in this website are made as of the date hereof and the Company 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.

 

 

 

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