Independent Engineers. Xxxxx X. Xxxxx Associates, Inc. (“Xxxxx”) and Xxx Xxxxxxx and Associates, Inc. (“Keeling”) are petroleum engineering consulting firms from whose reserve reports information is contained or incorporated by reference in the Registration Statement, Disclosure Package and Prospectus, and act as independent petroleum engineers with respect to the Company. Other than (i) the production of reserves in the ordinary course of business, (ii) intervening price fluctuations or (iii) as described in the Registration Statement, Disclosure Package and Prospectus, the Company is not aware of any facts or circumstances that would result in a material adverse change in its proved net reserves in the aggregate, or the aggregate present value of estimated future net revenues of the Company or the standardized measure of discounted future net cash flows therefrom, as described in the Registration Statement, Disclosure Package and Prospectus, and reflected in the reserve information as of the respective dates such information is given. The information underlying the estimates of the proved net reserves of the Company and each of its subsidiaries that was supplied by the Company and/or its subsidiaries to Xxxxx and Xxxxxxx for the purposes of preparing the reports of Xxxxx and Keeling referenced in the Registration Statement, Disclosure Package and Prospectus, and estimates of proved reserves of the Company and its subsidiaries disclosed in the Registration Statement, Disclosure Package and Prospectus, including, production, costs of operation, and future operations and sales of production, was true and correct in all material respects on the dates such information was provided, and such information was supplied and was prepared in accordance with customary industry practices. The estimates of proved reserves of the Company and its subsidiaries that were prepared by or on behalf of the Company that are disclosed in the Registration Statement, Disclosure Package and Prospectus, including, production, costs of operation, and future operations and sales of production, are true and correct in all material respects. Except as described in the Registration Statement, the Disclosure Package and the Prospectus, including the oil and natural gas production and reserve information and estimates of future net revenues and discounted future net cash flows identified as the SEC Case (and with respect to discounted future net cash flows, our “standardized measure” and not our pre-tax PV-10) i...
Independent Engineers. Collarini Associates has represented to the Company that they are, and the Company believes them to be, independent petroleum engineers with respect to the Company and its Subsidiaries for the periods set forth in the Time of Sale Information.
