Common use of Information Underlying Reserve Report Clause in Contracts

Information Underlying Reserve Report. The factual information underlying the estimates of proved oil and gas reserves of the Company and its subsidiaries, which was supplied by the Company and its subsidiaries to the Independent Engineers for the purposes of preparing the Reserve Reports, including, without limitation, production volumes, costs of operation and development, current prices for production, agreements relating to current and future operations and sales of production, was true and correct in all material respects on the dates such estimates were made and such information was supplied and was prepared in accordance with customary industry practices; other than normal production of the reserves and intervening market commodity price fluctuations, the Company and the Initial Guarantors are not aware of any facts or circumstances that would result in a material adverse change in the reserves, or the present value of future net cash flows therefrom, as described in the Pricing Disclosure Package and the Final Offering Memorandum and as reflected in the Reserve Report; estimates of such reserves and present values as described in the Pricing Disclosure Package and the Final Offering Memorandum and reflected in the Reserve Report comply in all material respects with the applicable requirements of Regulation S-X and Subpart 1200 of Regulation S-K under the Securities Act.

Information Underlying Reserve Report. The factual information underlying the estimates of proved oil and gas reserves of the Company Parent and its subsidiaries, which was supplied by the Company and its subsidiaries Parent to the Independent Engineers Reserve Engineer for the purposes of preparing auditing such proved oil and natural gas reserves included in the Reserve ReportsReport, including, without limitation, production volumes, costs of operation and development, current prices for production, agreements relating to current and future operations and sales of production, was true and correct in all material respects on the dates such estimates were made and such information was supplied and was prepared in accordance with customary industry practicesCommission guidelines in all material respects, and the Par Entities have no reason to believe that such estimates do not fairly reflect, in all material respects, the oil and gas reserves of the Parent and its subsidiaries as of the dates indicated therein; other than normal production of the reserves and intervening market commodity price fluctuations, the Company and the Initial Guarantors are each Par Entity is not aware of any facts or circumstances that would result in a material adverse change in Material Adverse Change with respect to the reserves, or the present value of future net cash flows therefrom, as described in the Pricing Disclosure Package and the Final Offering Memorandum and as reflected in the Reserve Report; estimates of such reserves and present values as described in the Pricing Disclosure Package and the Final Offering Memorandum and reflected in the Reserve Report comply in all material respects with the applicable requirements of Regulation S-X and Subpart 1200 of Regulation S-K under the Securities Act.

Information Underlying Reserve Report. The factual information underlying the estimates of proved oil and gas reserves of the Company and its subsidiariesthe Subsidiaries, which was supplied by the Company and its subsidiaries the Subsidiaries to the Independent Engineers NSAI for the purposes of preparing auditing such proved oil and natural gas reserves included in the Reserve ReportsReport, including, without limitation, production volumes, costs of operation and development, current prices for production, agreements relating to current and future operations and sales of production, was true and correct in all material respects on the dates such estimates were made and such information was supplied and was prepared in accordance with customary industry practices; other than normal production of the reserves and intervening market commodity price fluctuations, the Company and the Initial Guarantors Subsidiaries are not aware of any facts or circumstances that would result in a material adverse change in the reserves, or the present value of future net cash flows therefrom, as described in the Pricing Disclosure Package and the Final Offering Memorandum and as reflected in the Reserve Report; estimates of such reserves and present values as described in the Pricing Disclosure Package and the Final Offering Memorandum and reflected in the Reserve Report comply in all material respects with the applicable requirements of Regulation S-X and Subpart 1200 of Regulation S-K under the Securities Act.

Information Underlying Reserve Report. The factual information underlying the estimates of proved oil and gas reserves of the Company and its subsidiariesthe Subsidiaries, which was supplied by the Company and its subsidiaries to the Independent Engineers NSAI for the purposes of preparing auditing such proved oil and natural gas reserves included in the Reserve ReportsReport, including, without limitation, production volumes, costs of operation and development, current prices for production, agreements relating to current and future operations and sales of production, was true and correct in all material respects on the dates such estimates were made and such information was supplied and was prepared in accordance with customary industry practicesCommission guidelines in all material respects, and the Company has no reason to believe that such estimates do not fairly reflect, in all material respects, the oil and gas reserves of the Company and the Subsidiaries as of the dates indicated therein; other than normal production of the reserves and intervening market commodity price fluctuations, the Company and the Initial Guarantors are it not aware of any facts or circumstances that would result in have a material adverse change in Material Adverse Effect on the reserves, or the present value of future net cash flows therefrom, as described in the Pricing General Disclosure Package and the Final Offering Memorandum and as reflected in the Reserve Report; estimates of such reserves and present values as described in the Pricing General Disclosure Package and the Final Offering Memorandum and reflected in the Reserve Report comply in all material respects with the applicable requirements of Regulation S-X and Subpart 1200 of Regulation S-K under the Securities 1933 Act.