Certain information on this website may constitute “forward‐looking” information or statements which involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Reconnaissance Energy Africa Ltd. (”Reconnaissance” or the “Company”), or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking information or statements. When used in this website, such information or statements often use words such as “anticipate”, “may”, “will”, “could”, “would”, “expect”, “believe”, “plan”, “intend” and other similar terminology. In particular, this website may include, without limitation, forward‐looking information and statements pertaining to the following: the treatment of Reconnaissance under the regulatory regimes and laws of the jurisdictions in which Reconnaissance conducts its business; drilling and completion of wells; facilities costs and the timing and method of funding thereof; expected timing of development of undeveloped reserves; Reconnaissance’s potential future oil and natural gas production levels; the future performance and characteristics of Reconnaissance’s oil and natural gas properties; the estimated size of Reconnaissance’s potential oil and natural gas reserves; projections of market prices and costs; projections of supply and demand for oil and natural gas; expectations regarding the ability to raise capital and to continually add to reserves through acquisitions, anticipated exploration and development activities; future capital expenditure programs and the timing and method of financing thereof.
Forward‐looking information contained in this website is based upon certain assumptions and uncertainties, which may prove to be incorrect. In this website, Reconnaissance has made certain assumptions including, but not limited to: future prices for oil and natural gas; future currency and interest rates; Reconnaissance’s ability to generate sufficient cash flow from operations, Reconnaissance’s ability to access debt and/or equity financing to meet its future obligations; social, political and economic developments in jurisdictions in which Reconnaissance conducts its business; and Reconnaissance’s ability to obtain qualified staff and equipment in a timely and cost-efficient manner to meet Reconnaissance’s demand.
Actual results could differ materially from those anticipated in these forward‐looking statements and information as a result of various risk factors, including: volatility in market prices for oil and natural gas; the potential for the return of conditions persisting during the recent global crisis and economic downturn; liabilities inherent in oil and gas exploration activity including operational and environmental risks; uncertainties associated with estimating oil and natural gas reserves; competition for, among other things, capital, acquisitions, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; unanticipated geological, technical, drilling and processing problems; fluctuations in foreign exchange or interest rates and stock market volatility; changes in the laws or application thereof by the Governments of the jurisdictions in which Reconnaissance conducts its business; political, social and economic instability in the foreign jurisdictions in which Reconnaissance operates; inability to execute on business plans and strategies; increases to capital expenditure programs and the timing and method of financing thereof; the ability of Reconnaissance to achieve drilling success consistent with management’s expectations; higher than expected operating costs; uncertainty with respect to net present values of future net revenues from reserves; lower than anticipated future production levels of Reconnaissance assets; delays with respect to timing and the bringing on of production; changes to expected plans and costs of drilling; drilling inventory and the presence of oil pools or gas accumulations; increased cost projections; global supply and demand for oil and natural gas; ability and costs of increasing plant capacity; expected levels of royalty rates, operating costs, general and administrative costs, costs of services and other costs and expenses; and expectations regarding the ability to raise capital and to continually add to reserves through acquisitions, exploration and development.
Readers are cautioned that the foregoing statements are not exhaustive and reflect current expectations regarding future events and operating performance as of the current date. Although the forward‐looking information and statements contained in this website are based upon what management of Reconnaissance believes are reasonable assumptions, Reconnaissance cannot assure readers that actual results will be consistent with the forward‐looking information and statements. The forward-looking information contained in this website is made as of the current date and the Company undertakes no obligation to update publicly or revise any forward looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. All forward looking information contained in this website is expressly qualified by this cautionary statement.