Forward-Looking Statements

This website contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on our current expectations about our company, our properties, our estimates of required capital expenditures and our industry.  You can identify these forward-looking statements when you see us using words such as "expect," "will", "anticipate," "indicate," "estimate," "believes," "plans" and other similar expressions.  These forward-looking statements involve risks and uncertainties.  In particular, oil and gas operations involve substantial costs and are subject to various economic risks. Our oil and gas operations are subject to the economic risks typically associated with exploration, development and production activities, including the necessity of significant expenditures to locate and acquire producing properties and to drill exploratory wells. Our actual results could differ materially from those anticipated in these forward-looking statements.  Such uncertainties include the success of our project financing efforts, accuracy of well test results, well refurbishment efforts, successful production of indicated reserves, satisfaction of well test period requirements, successful installation of required permanent processing facilities, receipt of all required permits, and the successful management of our capital expenditures, and other normal business risks.  We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.  We caution you not to place undue reliance on those statements.

Cautionary Note to U.S. Investors Regarding Oil and Gas Reserve Estimates

The U.S. Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only reserves that a company anticipates to be economically producible by application of development projects to known accumulations, and there exists or is a reasonable expectation there will exist, the legal right to produce or a revenue interest in the production, installed means of delivering oil and gas or related substances to market, and all permits and financing required to implement the project. We are prohibited from disclosing estimates of oil and gas resources that do not constitute such “reserves” in our SEC filings. We may use certain terms on this website such as “probable,” “possible,” “contingent,” or “prospective” resources which imply the existence of quantities of resources which the SEC’s guidelines strictly prohibit us from including in filings with the SEC. With respect to probable and possible reserves, we are required to disclose the relative uncertainty of such classifications of reserves when they are included in our SEC filings. U.S. investors are urged to consider closely the disclosure in our SEC filings, specifically, the Company's most recent 10-K Form and 10-QForm, available from us at 580 Westlake Park Blvd., Suite 525, Houston, Texas 77079; telephone (281) 556-2200. These filings can also be obtained from the SEC via the internet at www.sec.gov.

Information Obtained from Other Sources

The Company is aware that certain information concerning its operations and production is available from time to time from PeruPetro, an instrumentality of the Peruvian government, and the Ministry of Energy and Mines (“MEM”), a ministry of the government of Peru. This information is available from the websites of PeruPetro and MEM and may be available from other official sources of which the Company is unaware. This information is published by PeruPetro and MEM outside the control of the Company and may be published in a format different from the format used by the Company to disclose such information, in compliance with SEC and other U.S. regulatory requirements. The Company provides such information in the format required, and at the times required, by the SEC and as determined to be both material and relevant by management of the Company. The Company urges interested investors and third parties to review the Company’s filings with the SEC before making an investment decision. Information obtained from other sources may not comply with the requirements of the SEC or management of the Company.