CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING STATEMENTS
We are including the following discussion to inform our existing
and potential security holders generally of some of the risks and uncertainties that can affect our Company and to take advantage of the safe harbor protection for forward-looking statements that
applicable federal securities law affords.
From time to time, our management or persons acting on our behalf may make forward-looking statements to inform existing and potential security holders about our Company. All statements other than statements of historical facts included in this prospectus supplement and the accompanying
prospectus, including the documents incorporated herein by reference regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as estimate, project, predict,
believe, expect, continue, anticipate, target, could, plan, intend, seek, goal, will, should,
may or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future production and sales, cash flows, and trends or operating
results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of
which are beyond our Companys control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in crude oil and
natural gas prices; the pace of drilling and completions activity on our properties; our ability to acquire additional development opportunities; potential or pending acquisition transactions, including the Reliance Acquisition (as defined and
described below); our ability to consummate the Reliance Acquisition, the anticipated timing of such consummation, and any anticipated financing transactions in connection therewith; the projected capital efficiency savings and other operating
efficiencies and synergies resulting from our acquisition transactions; integration and benefits of property acquisitions, including the Reliance Acquisition, or the effects of such acquisitions on our Companys cash position and levels of
indebtedness; changes in our reserves estimates or the value thereof; disruptions to our Companys business due to acquisitions and other significant transactions; general economic or industry conditions, nationally and/or in the communities in
which our Company conducts business; changes in the interest rate environment, legislation or regulatory requirements; conditions of the securities markets; our ability to raise or access capital; changes in accounting principles, policies or
guidelines; financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting our Companys operations, products and prices; and the COVID-19 pandemic and its related economic repercussions and effect on the oil and natural gas industry.
We have based any forward-looking statements on our current expectations and assumptions about future
events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are
difficult to predict and many of which are beyond our control. Accordingly, results actually achieved may differ materially from expected results described in these statements. Forward-looking statements speak
only as of the date they are made. You should consider carefully the statements in the sections entitled Risk Factors of this prospectus supplement, the accompanying prospectus, and the other documents incorporated by reference into this
prospectus supplement and the accompanying prospectus, and the section entitled Item 1A. Risk Factors and other sections of our Annual Report on Form 10-K for the fiscal year ended
December 31, 2019 and our Quarterly Report on Form 10-Q for the fiscal quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, as updated by subsequent reports we
file with the SEC, which describe factors that could cause our actual results to differ from those set forth in the forward-looking statements. We do not undertake, and specifically disclaim any obligation to
update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.
Readers are urged not to place undue reliance on these forward-looking statements, which speak only as
of the date of this prospectus supplement. We assume no obligation to update any forward-looking statements in
S-vi