Reserve Report Data. The information underlying the estimates of the oil and gas reserves of the Company, its Subsidiaries and, to the best of the knowledge of the Company after due inquiry, the Drilling Partnerships as described in the Company SEC Documents as filed on or prior to the Acquisition Agreement Date is complete and accurate in all material respects (or, with regard to any information underlying the estimates prepared by any petroleum engineers retained by the seller of such oil and gas reserves, is, to the best knowledge of the Company after reasonable investigation, complete and accurate in all material respects); other than production of the Company’s reserves and intervening product price fluctuations described in the Company SEC Documents, the Company is not aware of any facts or circumstances that would result in a Material Adverse Effect in such reserves or the present value of future net cash flows therefrom as described in the Company SEC Documents. Estimates of such reserves and present values comply in all material respects with the applicable requirements of Regulation S-X and Subpart 1200 of Regulation S-K.
Appears in 4 contracts
Samples: Investment Agreement (PDC Energy, Inc.), Investment Agreement (PDC Energy, Inc.), Stock Purchase and Sale Agreement (PDC Energy, Inc.)