Disclaimer / Risk

Risk Factors

Oil and gas exploration and development is highly speculative in nature and carries with it many risks that even a combination of experience, knowledge, scientific information, and careful evaluation cannot always overcome. Such risks include the drilling of unproductive wells and also the drilling of wells which, though productive, do not produce sufficient amounts of oil and gas to return a profit on the monies expended. Additional risks include increased costs in drilling, completing, equipping, and operating producing properties caused by price increases from third party supplies and services. Cost overruns due to unforseen circumstances may add to the risks encountered. Unforseen changes in the Federal and/or State tax laws may have a detrimental effect on the profitability of the Program. Market fluctuations in price of hydrocarbons could also have an adverse effect on the return on the investment.

Disclaimer

This material has been prepared for the use of Toce Energy, LLC. No representations, guarantees, warranties, or assurances of any kind are made, nor should any be inferred, with respect to the accuracy or reliability of the information presented. Anyone relying upon the information presented by Toce or its representatives, does so at his sole risk and peril. Unless expressly stated to the contrary, the geological, geophysical, subsurface, and engineering information contained on this website is based upon opinions, estimates, and projections of Toce. These opinions, estimates, and projections could vary substantially and materially from actual results. This information is not to be construed as a representation of the results that will actually be achieved. This is not an offer to sell, nor a solicitation of an offer to participate in an Oil and Gas Program. No decision has been made to offer such an investment.

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