The information provided through this website is intended solely for the general knowledge of visitors to the website and does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of Seven Generations in any jurisdiction. Content available on or through this website is not intended to modify, qualify, supplement or amend the documents that Seven Generations has made available to the public pursuant to the requirements of applicable corporate and securities legislation and regulations and should not be used for the purpose of making investment decisions concerning Seven Generations’ securities. Official versions of Seven Generations’ public disclosure documents, which should be considered by prospective investors, are available on SEDAR at www.sedar.com.
Copyright and Trademarks
By accessing this website, visitors agree and acknowledge that any and all information, content, reports, data, databases, graphics, interfaces, web pages, text, files, software, product names, company names, trademarks, logos and trade names contained on this website (collectively the “content”), including the manner in which the content is presented or appears and all information relating thereto, are the property of Seven Generations or its licensors. This website and the content are protected by copyright, trademark and other proprietary rights of Seven Generations or third parties. Except as expressly permitted herein, no portion of this website or the content, including trademarks, logos and service marks, may be reproduced in any form or by any means without prior written permission from Seven Generations or the applicable third party. Any unauthorized re-transmission, republication or other copying or modification of content posted on this website, including trade-marks, trade-names and service marks, may violate federal, common or civil law, trade-mark law and copyright law, and may result in legal action.
Seven Generations hereby grants a personal, non-exclusive and non-transferable license to the visitor to access, read, download and print the content for the sole purpose of viewing the content. Such license is revocable at Seven Generations’ sole option and no other use of the content is authorized. In consideration of this authorization, visitors shall not remove copyright, trademark and other proprietary notices from any downloaded or printed copy of the content and must explicitly acknowledge Seven Generations as the provider of the content. Except as specified above, nothing contained herein shall be construed as conferring by implication any license or right under or to any intellectual property, including patents, trademarks or copyrighted materials of Seven Generations or of any third party.
Disclaimer of Warranties
Seven Generations endeavors to provide accurate and current information on this website. However, all such information and software algorithms are provided “as is” and “as available”. The website content may not always be the most current source for information regarding Seven Generations. This website and its contents are used at visitors’ own risk and Seven Generations does not warrant or make any representations or claims as to the validity, correctness, currency, timeliness, or completeness of the information provided on this website.
Exclusion of Liability
Seven Generations shall not be liable for any damages, including without limitation, direct or indirect, special, incidental, moral or consequential damages, loss of profits, opportunities or information or for expenses arising in connection with this website, with any software algorithms available thereon or with any hyperlinked website, or for the use thereof or inability to use the same by interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if Seven Generations is advised of the possibility of such damages, losses or expenses. Software algorithms made available and hyperlinks to other internet resources are used at visitors’ own risk. The content, accuracy, opinions expressed, and other links provided by these software algorithms and resources are not investigated, verified, monitored, or endorsed by Seven Generations.
Visitors to this website agree at all times to indemnify, defend and hold harmless Seven Generations, its agents, suppliers, affiliates and their respective directors, officers, employees and subcontractors against all actions, proceedings, costs, claims, damages, demands, liabilities and expenses whatsoever (including legal and other fees and disbursements) sustained, incurred or paid by Seven Generations directly or indirectly in respect of: (i) any information or other content a visitor provides on or through this website or which is sent to Seven Generations by email or other correspondence; or (ii) a visitor's use or misuse of the content or this website, including without limitation, infringement claims.
Seven Generations may, from time to time, collect, use and disclose personal information. Please see the Seven Generations Privacy Notice that is published on this website for further information on how Seven Generations manages personal information.
Forward-Looking Information Advisory
This website contains certain forward-looking information and statements that involve various risks, uncertainties and other factors. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “should”, “believe”, “plans”, and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this website contains forward-looking information and statements pertaining to the following: the forecasted economics of the Kakwa River Project, the length of time that the Kakwa River Project will be under development; future development plans; expected production; anticipated growth; expected resource supply costs; currently planned initiatives; the resource potential of the Montney formation in Alberta and British Columbia; expected or projected geological characteristics of subsurface formations; expected gas-to-liquids ratios and liquids yields; potential for further economic optimization; and expected future transportation and processing capacity.
In addition, any references to reserves and resources are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated. For important additional information regarding estimated reserves and resources, please refer to Seven Generations’ Annual Information Form that is dated February 27, 2019, and Seven Generations’ news release that is dated February 28, 2019, which are available at the “Investors” section of this website and on SEDAR at www.sedar.com.
With respect to forward-looking information contained in this website, assumptions have been made regarding, among other things: future oil, natural gas liquids and natural gas prices; Seven Generations’ ability to obtain qualified staff and equipment in a timely and cost efficient manner; Seven Generations’ ability to market production of oil, NGLs and natural gas successfully to customers; Seven Generations’ future production levels; the applicability of technologies for Seven Generations’ reserves; future capital investments by Seven Generations; future cash flows from production; future sources of funding for Seven Generations’ capital program; Seven Generations’ future debt levels; geological and engineering estimates in respect of Seven Generations’ reserves and resources; the geography of the areas in which Seven Generations is conducting exploration and development activities; and the access, economic and physical limitations to which Seven Generations may be subject from time to time; the impact of competition on Seven Generations; and Seven Generations’ ability to obtain financing on acceptable terms.
Actual results could differ materially from those anticipated in this forward-looking information as a result of the risks and risk factors that are set forth in Seven Generations’ Annual Information Form dated February 27, 2019, which is available on SEDAR at www.sedar.com, including, but not limited to: volatility in market prices and demand for oil, natural gas liquids and natural gas and hedging activities related thereto; general economic, business and industry conditions; variance of Seven Generations’ actual capital costs, operating costs and economic returns from those anticipated; risks related to the exploration, development, production and transportation of oil and natural gas reserves and resources; negative public perception of oil sands development, oil and natural gas development and transportation, hydraulic fracturing and fossil fuels; actions by governmental authorities, including changes in government regulation, royalties and taxation; the management of Seven Generations’ growth; the availability, cost or shortage of rigs, equipment, raw materials, supplies or qualified personnel; the absence or loss of key employees; uncertainty associated with estimates of oil, natural gas liquids and natural gas reserves and resources and the variance of such estimates from actual future production; dependence upon compressors, gathering lines, pipelines and other facilities, certain of which Seven Generations does not control; shortage or lack of available of pipeline capacity or other transportation facilities; the ability to satisfy obligations under Seven Generations’ firm commitment transportation arrangements; uncertainties related to Seven Generations’ identified drilling locations; the concentration of Seven Generations’ assets in the Kakwa area; unforeseen title defects; Indigenous claims; failure to accurately estimate abandonment and reclamation costs; changes in the interpretation and enforcement of applicable laws and regulations; terrorist attacks or armed conflicts; reassessment by taxing authorities of Seven Generations’ prior transactions and filings; variations in foreign exchange rates and interest rates; third-party credit risk including risk associated with counterparties in risk management activities related to commodity prices and foreign exchange rates; sufficiency of insurance policies; potential for litigation; variation in future calculations of non-IFRS measures; sufficiency of internal controls; impact of expansion into new activities on risk exposure; risks related to the senior unsecured notes and other indebtedness, including: potential inability to comply with the covenants in the credit agreement related to Seven Generations’ credit facilities and/or the covenants in the indentures in respect of the senior secured notes; seasonality of Seven Generations’ activities and the Canadian oil and gas industry; and extensive competition in Seven Generations’ industry.
Any financial outlook and future-oriented financial information contained in this website regarding prospective financial performance, financial position or cash flows is based on assumptions about future events, including economic conditions and proposed courses of action, based on management’s assessment of the relevant information that is currently available. Projected operational information contains forward-looking information and is based on a number of material assumptions and factors, as are set out above. These projections may also be considered to contain future oriented financial information or a financial outlook. The actual results of Seven Generations’ operations for any period will likely vary from the amounts set forth in these projections, and such variations may be material. Actual results will vary from projected results. Readers are cautioned that any such financial outlook and future-oriented financial information contained herein should not be used for purposes other than those for which it is disclosed herein.
The forward-looking information and statements contained in this website speak only as of the date hereof, and Seven Generations does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.
Reserves, Resources and Certain Oil and Gas Metrics
For important additional information regarding Seven Generations’ independently evaluated reserves and resources, please refer to Seven Generations’ Annual Information Form that is dated February 27, 2019, Seven Generations’ news release that is dated February 28, 2019, which are available at the “Investors” section of this website and on SEDAR at www.sedar.com.
Seven Generations has adopted the conversion standard of six thousand cubic feet of gas to one barrel of oil (6 Mcf:1bbl) when converting natural gas to barrels of oil equivalent (boes). Condensate and other NGLs are converted to boes at a ratio of 1 bbl:1 bbl. Boes may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf:1 bbl is based roughly on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at Seven Generations’ sales point. Given the value ratio based on the current price of oil as compared to natural gas is significantly different from the energy equivalency of 6 Mcf: 1 bbl, utilizing a conversion ratio at 6 Mcf: 1 bbl may be misleading as an indication of value.