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Specifics concerning a particular Prospect, Producing Property or Capital Transaction listed on drilling-prospects.com must be discussed and concluded only at a location other than drilling-prospects.com.
THIS IS NOT AN OFFEREING, AND IS NOT REGISTERED UNDER THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES LAW. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR THE SECURITIES COMMISSION OF ANY STATE HAS PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECT OR UPON THE REPRESENTATIONS MADE HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Oil and gas exploration and development activities involve significant risks of losses and liabilities to third parties. These risks include the speculative nature of finding hydrocarbons reserves, field operations hazards, shortages of equipment and materials, competition, regulation, subsurface conditions and unsuccessful completion attempts.
It is important to note that the evaluation of Oil and Gas Properties and Leases is not an exact science and inevitably involves a significant degree of uncertainty, particularly with respect to the quantities of oil and gas that any given property or prospect is capable of producing. Estimates of oil and gas reserves may prove to be incorrect and production from a well or property may cease for a number of reasons. There can be no assurance that the Participants investments will result in projected levels of revenue, or even that levels of production realized will permit the recovery of amounts invested.
Neither drilling-prospects.com nor any director, officer, representative, owner or employee make any representation or warranty, express or implied, as to the accuracy or completeness, economic merit, geology, engineering, geophysical or any other aspect of any and all Prospects, Producing Properties and Capital Transactions listed on drilling-prospects.com.
The securities laws of the federal government and of the various states in which any offering will be made each impose their own qualifications for obtaining an exemption from their respective registration requirements and/or for registering an offering. Although differing in many respects, federal securities laws and the securities laws of the various states in which any offering will be effected generally:
1. require full disclosure of all facts concerning an issuer and a proposed offering which an investor would consider material to his investment decision;
2. require the issuer to ascertain whether any proposed investment is suitable for the prospective investor and whether such prospective investor is able to meaningfully evaluate the proposed investment; and
3. require the issuer to effect sales of his security without public solicitation to a limited number of persons who purchase the security for investment purposes only and not with a view toward redistribution.
Certain states also impose "fair, just and equitable" standards which vary from state to state which must be complied with in order to effect sales therein. Accordingly, any offering may not be attempted or permitted in some states. Each prospective purchaser will be required to meet certain suitability requirements, which may very from state to state. Any prospective Purchaser who is unable to meaningfully evaluate such an investment should consult his or her own legal and business advisors and should consider carefully whether this type of highly speculative investment is appropriate for his or her investment needs.
No particular Prospect, Producing Property or Capital Transaction listed on drilling-prospects.com should be considered exclusive, and therefore any Prospect, Producing Property or Capital Transaction listed on drilling-prospects.com is subject to withdrawal, in whole or in part, without prior notice.
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