Common use of Reserve Report Data Clause in Contracts

Reserve Report Data. The oil and gas reserve estimates of the Company contained or incorporated by reference into the Registration Statement and included in the Prospectus and Time of Sale Prospectus have been prepared by independent reserve engineers in accordance with Commission guidelines applied on a consistent basis throughout the periods involved, and the Company has no reason to believe that such estimates do not fairly reflect the oil and gas reserves of the Company at the dates indicated. Other than production of the reserves in the ordinary course of business and intervening product price fluctuations described in the Registration Statement, Prospectus and Time of Sale Prospectus, the Company is not aware of any facts or circumstances that would cause a Material Adverse Change in the reserves or the present value of future net cash flows therefrom as described in the Registration Statement, Prospectus or Time of Sale Prospectus.

Reserve Report Data. The oil and gas reserve estimates of the Company contained and its subsidiaries included or incorporated by reference into in the Registration Statement and included in Statement, the Prospectus and Time of Sale Prospectus have been prepared or audited by independent reserve engineers in accordance with Commission guidelines applied on a consistent basis throughout the periods involved, and the Company has no reason to believe that such estimates do not fairly reflect the oil and gas reserves of the Company at and its subsidiaries as of the dates indicated. Other than production of the reserves in the ordinary course of business and business, intervening product price fluctuations and as described in the Registration Statement, Prospectus and Time of Sale the Prospectus, the Company is not aware of any facts or circumstances that would cause have a Material Adverse Change in Effect on the reserves or the present value of future net cash flows therefrom as described in the Registration Statement, Prospectus or Time of Sale the Prospectus.

Reserve Report Data. The oil and gas reserve estimates of the Company contained or incorporated by reference into the Registration Statement and included in the Preliminary Prospectus, Prospectus and Time of Sale Prospectus have been prepared by independent reserve engineers in accordance with Commission guidelines applied on a consistent basis throughout the periods involved, and the Company has no reason to believe that such estimates do not fairly reflect the oil and gas reserves of the Company at as of the dates indicated. Other than production of the reserves in the ordinary course of business and intervening product price fluctuations described in the Registration Statement, Prospectus and Time of Sale Prospectusfluctuations, the Company is not aware of any facts or circumstances that would cause a Material Adverse Change in the reserves or the present value of future net cash flows therefrom as described in the Registration Statement, Preliminary Prospectus, Prospectus or Time of Sale Prospectus.

Reserve Report Data. The oil and gas reserve estimates of the Company contained included or incorporated by reference into the Registration Statement and included in the Prospectus and Time of Sale Prospectus Information and the Offering Memorandum have been prepared or audited by independent reserve engineers in accordance with Commission guidelines applied on a consistent basis throughout the periods involved, and the Company has no reason to believe that such estimates do not fairly reflect the oil and gas reserves of the Company at and its Subsidiaries as of the dates indicated. Other than production of the reserves in the ordinary course of business and business, intervening product price fluctuations and as described in the Registration Statement, Prospectus and Time of Sale ProspectusInformation and the Offering Memorandum, the Company is not aware of any facts or circumstances that would cause have a Material Adverse Change in Effect on the reserves or the present value of future net cash flows therefrom as described in the Registration Statement, Prospectus or Time of Sale ProspectusInformation and the Offering Memorandum.

Reserve Report Data. The oil and gas reserve estimates of the Company contained or incorporated by reference into the Registration Statement and included in the Prospectus and Time of Sale Prospectus have been prepared by independent reserve engineers or the Company in accordance with Commission guidelines applied on a consistent basis throughout the periods involved, and the Company has no reason to believe that such estimates do not fairly reflect the oil and gas reserves of the Company at the dates indicated. Other than production of the reserves in the ordinary course of business and intervening product price fluctuations described in the Registration Statement, Prospectus and Time of Sale Prospectus, the Company is not aware of any facts or circumstances that would cause a Material Adverse Change in the reserves or the present value of future net cash flows therefrom as described in the Registration Statement, Prospectus or Time of Sale Prospectus.

Reserve Report Data. The oil and gas reserve estimates of the Company contained or incorporated by reference into the Registration Statement and included in the Preliminary Prospectus, Prospectus and Time of Sale Prospectus have been prepared by independent reserve engineers in accordance with Commission guidelines applied on a consistent basis throughout the periods involvedguidelines, and the Company has no reason to believe that such estimates do not fairly reflect the oil and gas reserves of the Company at as of the dates indicated. Other than production of the reserves in the ordinary course of business and business, intervening product price fluctuations and as described in the Registration Statement, Prospectus and Time of Sale Prospectus, the Company is not aware of any facts or circumstances that would cause a Material Adverse Change in the reserves or the present value of future net cash flows therefrom as described in the Registration Statement, Prospectus or Time of Sale Prospectus.