Certain information included in this prospectus, the documents or information incorporated by reference herein, and other reports filed by us under the Securities Exchange Act of 1934, as amended (the“Exchange Act”) contain forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “will,” “continue” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond our control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, those listed under, and incorporated by reference in, “Risk Factors” and elsewhere in this prospectus.
Examples of forward-looking statements in this prospectus and the information incorporated by reference herein include:
| ● | planned capital expenditures for industrial gas, oil and natural gas exploration and environmental compliance; |
| ● | potential drilling locations and available spacing units, and possible changes in spacing rules; |
| ● | cash expected to be available for capital expenditures and to satisfy other obligations; |
| ● | recovered volumes and values of industrial gas, oil and natural gas approximating third-party estimates; |
| ● | anticipated changes in oil and natural gas and future industrial gas production; |
| ● | drilling and completion activities and opportunities; |
| ● | timing of drilling additional wells and performing other exploration and development projects; |
| ● | expected spacing and the number of wells to be drilled with our industry partners; |
| ● | when payout-based milestones or similar thresholds will be reached for the purposes of our agreements with our partners; |
| ● | expected working and net revenue interests, and costs of wells, relating to the drilling programs with our partners; |
| ● | actual decline rates for producing wells; |
| ● | future cash flows, expenses and borrowings; |
| ● | pursuit of potential acquisition opportunities; |
| ● | economic downturns, wars and increased inflation and interest rates, and possible recessions caused thereby; |
| ● | the effects of global pandemics on our operations, properties, the market for industrial gas, oil and natural gas, and the demand for industrial gas, oil and natural gas; |
| ● | our expected financial position; |
| ● | our expected future overhead reductions; |
| ● | our ability to become an operator of industrial gas, oil and natural gas properties; |
| ● | our ability to raise additional financing and acquire attractive industrial gas, oil and natural gas properties; and |
| ● | other plans and objectives for future operations, including industrial gas exploration and development. |
If one or more of these risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this prospectus, those documents incorporated by reference herein, and those documents which we have filed with the SEC as exhibits to the registration statement, of which this prospectus is a part, completely and with the understanding that our actual future results may be materially different from any future results expressed or implied by these forward-looking statements.
Forward-looking statements speak only as of the date of this prospectus or the date of any document incorporated by reference in this prospectus or any free writing prospectus, as applicable. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should therefore not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this prospectus.
You should also consider carefully the statements under and incorporated by reference in “Risk Factors” and other sections of this prospectus, and the documents we incorporate by reference, which addresses additional facts that could cause our actual results to differ from those set forth in the forward-looking statements.
