Legal Disclaimer

Veraz Petroleum (”Veraz”) maintains this Web site as a service to the public and the news media. This Web site is intended only for viewing and retrieving information. Veraz does not guarantee that information on this Web site is accurate, timely or complete, although Veraz strives to meet those criteria.

Not solicitation or representation
The information in no way should be construed or interpreted as part of an offering or solicitation of securities. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made to that effect.

Cautionary Statement on Forward-Looking Information, GAAP and BOE
This Web site may contain forward-looking information including expectations of future production and components of cash flow and earnings and expected future events that are forward looking in nature and subject to substantial risks and uncertainties. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Veraz cautions the readers that actual performance will be affected by a number of factors, as many may respond to changes in economic and political circumstances throughout the world. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to; the risks associated with the oil and gas industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to operational risks in exploration, development and production, delays or changes in plans, risks associated with the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. These external factors beyond the company's control may affect the marketability of oil and natural gas produced, industry conditions including changes in laws and regulations, changes in income tax regulations, increased competition, fluctuations in commodity prices, interest rates, and variations in the Canadian/United States dollar exchange rate. The reader is cautioned not to place undue reliance on this forward-looking information.

The reader is further cautioned that the preparation of financial statements in accordance with GAAP requires management to make certain judgments and estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Estimating reserves is also critical to several accounting estimates and requires judgments and decisions based upon available geological, geophysical, engineering and economic data. These estimates may change, having either a negative or positive effect on net earnings as further information becomes available, and as the economic environment changes.

The term barrels of oil equivalent ("BOE") may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All BOE conversions in this report are derived from converting gas to oil in the ratio of six thousand cubic feet of gas to one barrel of oil.

Use of this Web site
The Web site is owned and operated by Veraz. No materials found on the Web site or any other Web site owned, operated, or licensed by Veraz may be copied, reproduced, republished, uploaded, posted, transmitted or distributed by you in any way. You may access and use material on the Web site for non-commercial, personal use only, provided you also retain all copyright and other proprietary notices contained on the materials. You may not distribute, modify, transmit, reuse, repost or use the content of the Web site for public or commercial purposes, including the text, images, audio, or video without Veraz’s prior written permission. Veraz makes no warranty or representation as to whether your use of materials displayed on the Web site may infringe rights of third parties not owned by or affiliated with Veraz.

Unauthorized attempts to upload information to, or change, this Web site are strictly prohibited and may be subject to criminal prosecution. This Web site includes links to other Web sites. Veraz does not endorse any linked sites, nor does it assume any responsibility for the content of those sites.

Trademarks, service marks and copyrights
Unless otherwise specifically noted, images, trademarks, service marks, logos and icons displayed on the Site are the property of Veraz and may not be used without Veraz's prior written consent. Any unauthorized use of the images may violate copyright laws, trademark laws, privacy and publicity laws and communications regulations and statutes.
Stock quote
All stock quotes appearing on the Site are not a current representation or a real time stock quote. Veraz is not responsible for the accuracy of any pricing information. Please do not use such quotes for any formal analysis or estimation. Investment may increase or decrease in value according to fluctuations and changes in the market for that investment or other changes.

Legal Disclaimer
Technical questions about this Web site and or questions about the content should be directed to Please note that correspondence with this e-mail address does not constitute communications with Veraz. Law enforcement officials will be notified of any e-mail message that is threatening or promotes illegal activity.