PRD Energy Announces Operational Update - Seite 4

Forward-looking information is based on certain factors and assumptions regarding, among other things, the Company's licenses, and in particular: (i) statements relating to the development of the Volkensen license are based on a variety of assumptions including, the Company's ability to begin construction and drilling in early 2015 ; (ii) statements relating to the Sittensen seismic shoot are based on a variety of assumptions including the Company's ability to obtain permits on an efficient and economical timeline, PRD's ability to access the permitted land to conduct the seismic shoot and the success of the results from the shoot; and (iii) statements relating to the development of the Boerger field are based on a variety of assumptions including, that the Company will become designated operator of the field, the success of drilling the deviated wells and the ability to increase production on the wells that have been drilled. In addition to those assumptions listed above, the forward looking information is based generally on certain factors and assumptions, including the success of future exploration and development activities, the impact of increasing competition; the general stability of the economic and political environments in which the Company operates or owns interests; the timely receipt of any required regulatory approvals; the ability of the Company to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability to operate in a safe, efficient and effective manner; the ability of the Company to obtain financing to fund its operations on acceptable terms; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development of exploration; the timing and costs of pipeline, storage and facility construction and expansion and the ability of the Company to secure adequate product transportation; future oil and natural gas prices; currency, exchange and interest rates; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which the Company operates; and the ability of the Company to successfully market its oil and natural gas products, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.