Forward-Looking Statements and Cautionary Statements
Certain statements in this document concerning the Arrangement, including any statements regarding the expected timetable for completing the
Arrangement, the results, effects, benefits and synergies of the Arrangement, future opportunities for the combined company, future financial performance and condition, guidance and any other statements regarding Chords or Enerplus
future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are forward-looking statements based on assumptions currently believed to be valid.
Forward-looking statements are all statements other than statements of historical facts. The words anticipate, believe, ensure, expect, if, intend, estimate,
probable, project, forecasts, predict, outlook, aim, will, could, should, would, potential, may,
might, anticipate, likely plan, positioned, strategy, and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify
forward-looking statements. Specific forward-looking statements include statements regarding Chords or Enerplus plans and expectations with respect to the Arrangement and the anticipated impact of the Arrangement on the combined
companys results of operations, financial position, growth opportunities and competitive position. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933,
Section 21E of the Securities and Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995.
These
forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the possibility that shareholders of Enerplus may not approve the
Arrangement or stockholders of Chord may not approve the issuance of shares of Chord common stock in connection with the Arrangement; the risk that any other condition to closing may not be satisfied; that either party may terminate the Arrangement
Agreement, dated February 21, 2024, by and among Chord, Enerplus and the other parties thereto (such agreement, the Arrangement Agreement), or that the closing might be delayed or not occur at all; the risk that the Arrangement
Agreement is terminated and either Chord or Enerplus is required to pay a termination fee to the other party; potential adverse reactions or changes to business or employee relationships of Chord or Enerplus, including those resulting from the
announcement or completion of the Arrangement; the diversion of management time on transaction-related issues; the ultimate timing, outcome and results of integrating the operations of Chord and Enerplus; the effects of the business combination of
Chord and Enerplus, including the combined companys future financial condition, results of operations, strategy and plans; the ability of the combined company to realize anticipated synergies in the timeframe expected or at all; changes in
capital markets and the ability of the combined company to finance operations in the manner expected; regulatory approval of the Arrangement; the effects of commodity prices; the risks of oil and gas activities; and the fact that operating costs and
business disruption may be greater than expected following the public announcement or consummation of the Arrangement. Expectations regarding business outlook, including changes in revenue, pricing, capital expenditures, cash flow generation,
strategies for the combined companys operations, oil and natural gas market conditions, legal, economic and regulatory conditions, and environmental matters are only forecasts regarding these matters.
Additional factors that could cause results to differ materially from those described above can be found in Chords Annual Report on Form 10-K for the year ended December 31, 2022, and subsequent Quarterly Reports on Form 10-Q, which are on file with the SEC and available from
Chords website at www.chordenergy.com under the Investors tab, and in other documents Chord files with the SEC and in Enerplus annual information form for the year ended December 31, 2022, which is on file with the SEC
and on SEDAR+ and available from Enerplus website at www.enerplus.com under the Investors tab, and in other documents Enerplus files with the SEC or on SEDAR+.
All forward-looking statements speak only as of the date they are made and are based on information available at that time. Neither Chord nor
Enerplus assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by
applicable securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
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