the private placements;satisfaction of the conditions to completion of the private placements; approval of the private placements by the TSX; closing of the private placements; the expected proceeds of the private placements; the timing and qualification of certain flow-through expenditures; expected production from the Falher horizontal exploration well; the viability of returning shut-in wells to production; and other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance.
The forward-looking statements are based on various assumptions including the anticipated completion of the private placements; assumptions concerning the timing of court, regulatory, stock exchange, shareholder and other third party approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the private placements; the state of the economy and the exploration and production business; results of operations; business prospects and opportunities; future exchange and interest rates; the Corporation’s ability to obtain equipment in a timely manner to carry out exploration and development activities; the success of current and future wells; estimates of production; and the ability of the Corporation to access capital and credit, including hedging opportunities. The foregoing list of assumptions is not exhaustive. While the Corporation considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Failure to obtain the necessary approvals, or the failure of Waldron to otherwise satisfy the conditions to the private placements may result in the private placements not being completed on the proposed terms, if at all.
Forward-looking statements are subject to a wide range of assumptions, known and unknown risks and uncertainties and other factors that contribute to the possibility that the predicted outcome will not occur, including, without limitation: risks associated with the ability of the parties to satisfy the conditions to closing the private placements; risks involved in oil and gas exploration, development, exploitation, production, marketing and transportation; loss of markets; volatility of commodities prices; currency fluctuations; imprecision of reserves estimates; environmental risks; competition from other producers; inability to retain drilling rigs and other services; general economic conditions; delays resulting from or inability to obtain required court, regulatory,stock exchange, shareholder and other third party approvals ; and ability to access sufficient capital from internal and external sources. Readers are cautioned that the foregoing list of factors is not exhaustive.
Although Waldron believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and you should not rely unduly on forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by applicable law, Waldron does not undertake any obligation to publicly update or revise any forward-looking statements.