Forward Looking Statement
This web site contains certain statements that may be deemed "forward-looking statements". All statements in this web site, other than statements of historical fact, that address events or developments that Adira Energy Ltd. expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "would", "may", "could" or "should" occur. Although Adira Energy Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include, but are not limited to, market prices, exploration and drilling success, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in these forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Adira Energy Ltd.´s management on the date the statements are made. Adira Energy Ltd. undertakes no obligation to update these forward-looking statements in the event that management´s beliefs, estimates or opinions, or other factors, should change.
The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The contents of this website is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein.
Estimates are based on geological, geophysical and other estimates received from third parties and/or advisors and serve, at this time, only as estimates whereby there is no certainty as of yet with regards them. No information contained in this presentation is compliant with NI-Policy 51-101 requirements. Adira Energy Ltd. has not conducted estimates or independent evaluations of the said estimates. Any estimates are expected to be updated as additional information is accumulated, including as a result of the continued analysis of the well proceeds, the conduction of production tests and the conduction of validation drilling, should they be conducted, and\or as a results of a variety of factors related to projects searching for, and producing, natural gas.
Prospective resources are defined as those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources are further subdivided in accordance with the level of certainty associated with recoverable estimates assuming their discovery and development and may be sub-classified based on project maturity. Prospective resources have both an associated chance of discovery (geological chance of success) and a chance of development (economic, regulatory, market, facility, corporate commitment or political risks). The chance of commerciality is the product of these two risk components. The prospective resource estimates referred to herein have not been risked for either the chance of discovery or the chance of development. There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. The Low Estimate represents the P90 values from the probabilistic analysis (i.e. the value is greater than or equal to the P90 value 90% of the time), while the Best Estimate represents the P50 values and the High Estimate represents the P10. Actual resources may be greater or less than those calculated.
None of Adira Energy Ltd., its subsidiaries, or any of the individuals associated thereto have independently confirmed or verified the information contained in this website. The reader should take all reasonable actions to satisfy itself as to the accuracy of the information contained in the website.