Bellatrix Exploration Ltd (“Bellatrix”) maintains this web site as a service to the public and the news media. This web site is intended only for viewing and retrieving information. Bellatrix does not guarantee that information on this web site is accurate, timely or complete, although Bellatrix strives to meet those criteria.
Not solicitation or representation
The information in no way should be construed or interpreted as part of an offering or solicitation of securities. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made to that effect.
Cautionary statement on forward-looking information, GAAP and BOE
This web site may contain forward-looking information including management's assessments of the future plans and operations, Bellatrix's future growth plan and strategies, expected characteristics of, and results from, its areas of interest, expectations of future production and components of cash flow and earnings, and expected future events, that are forward looking in nature and subject to substantial risks and uncertainties. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Bellatrix cautions the readers that actual performance will be affected by a number of factors, as many may respond to changes in economic and political circumstances throughout the world. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to; the risks associated with the oil and gas industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to operational risks in exploration, development and production, delays or changes in plans, risks associated with the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. These external factors beyond the company’s control may affect the marketability of oil and natural gas produced, industry conditions including changes in laws and regulations, changes in income tax regulations, increased competition, fluctuations in commodity prices, interest rates, and variations in the Canadian/United States dollar exchange rate. In addition, the various documents contained on this web site may include forward-looking information as may or may not be identified therein and such forward-looking information is based on the assumptions and subject to the risk factors identified therein as well as the risk factors identified above. Additional information on these and other factors that could affect Bellatrix are included in reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission and may be accessed through the SEDAR website (www.sedar.com), the SEC’s web site (www.sec.gov) or on this web site. The reader is cautioned not to place undue reliance on this forward-looking information.
The reader is further cautioned that the preparation of financial statements in accordance with Canadian generally accepted accounting principles requires management to make certain judgments and estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Estimating reserves is also critical to several accounting estimates and requires judgments and decisions based upon available geological, geophysical, engineering and economic data. These estimates may change, having either a negative or positive effect on net earnings as further information becomes available, and as the economic environment changes.
The term barrels of oil equivalent (“BOE”) may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All BOE conversions on this web site are derived from converting gas to oil in the ratio of six thousand cubic feet of gas to one barrel of oil. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.
Use of this web site
The web site is owned and operated by Bellatrix. No materials found on the web site or any other web site owned, operated, or licensed by Bellatrix may be copied, reproduced, republished, uploaded, posted, transmitted or distributed by you in any way. You may access and use material on the web site for non-commercial, personal use only, provided you also retain all copyright and other proprietary notices contained on the materials. You may not distribute, modify, transmit, reuse, repost or use the content of the web site for public or commercial purposes, including the text, images, audio, or video without Bellatrix’s prior written permission. Bellatrix makes no warranty or representation as to whether your use of materials displayed on the Web site may infringe rights of third parties not owned by or affiliated with Bellatrix.
Unauthorized attempts to upload information to, or change, this web site are strictly prohibited and may be subject to criminal prosecution. This web site includes links to other web sites. Bellatrix does not endorse any linked sites, nor does it assume any responsibility for the content of those sites.
Trademarks, service marks and copyrights
Unless otherwise specifically noted, images, trademarks, service marks, logos and icons displayed on the web site are the property of Bellatrix and may not be used without Bellatrix’s prior written consent. Any unauthorized use of the images may violate copyright laws, trademark laws, privacy and publicity laws and communications regulations and statutes.
All stock quotes appearing on the web site are not a current representation or a real time stock quote. Bellatrix is not responsible for the accuracy of any pricing information. Please do not use such quotes for any formal analysis or estimation. Investment may increase or decrease in value according to fluctuations and changes in the market for that investment or other changes.
Technical Questions and Correspondence
Technical questions about this web site and or questions about the content should be directed to email@example.com. Please note that correspondence with this e-mail address does not constitute communications with Bellatrix. Law enforcement officials will be notified of any e-mail message that is threatening or promotes illegal activity.
Privacy Protection Commitment
Our commitment to privacy and collection at Bellatrix Exploration Ltd
This Privacy Protection Commitment applies in respect of all activities of Bellatrix that are governed by the Personal Information Protection and Electronic Documents Act (Canada) and applicable provincial privacy legislation, including the Personal Information Protection Act (Alberta).
Bellatrix is committed to protecting the privacy of the personal information that is collected, used and disclosed for the purpose of conducting our business. We have prepared this Privacy Protection Commitment to inform you of our practices concerning the collection, use and disclosure of your personal information and to reflect federal and provincial privacy legislation in effect.
Bellatrix collects, uses and discloses personal information from or about individuals impacted by our business activities or from individuals who request information about our company. This includes people who live on or near, or who have access to or use lands where Bellatrix operates. It also includes our investors, potential investors, media and those third parties participating in Bellatrix events or providing services to Bellatrix.
In the course of conducting our business Bellatrix may collect information from or about you that includes, but is not limited to:
- information to contact or identify you such as your name, address, telephone number, age and date of birth
- property information such as title, ownership, road use and access information, to allow us to conduct exploration, development and operations activities
- financial information such as bank accounts, current and estimated payment terms and amounts, to facilitate payment and meet contractual obligations
- environment, health and safety information to allow us to communicate effectively with you in an emergency situation, such as health information and dependent information
- information for license and permit applications that is required in order to participate in regulatory processes or as otherwise required by law
Bellatrix collects, uses and discloses personal information to allow us to conduct our business activities. These business activities include, but are not limited to:
- managing and administering contracts (including leases)
- drilling and completions activities
- conducting geophysical operations
- reclamation activities
- acquisition and divestiture activities
- complying with legal and regulatory requirements, including health, safety and environmental rules and regulations
- constructing roads, wellsites, pipelines and facilities
Bellatrix also collects, uses and discloses personal information to communicate with you, to facilitate participation in Bellatrix events and to enable us to provide information about Bellatrix to you.
Like many companies, Bellatrix uses third party service providers in our business. We share personal information with these third parties when they require the information to work with us. We require these third parties to act in a manner consistent with this Privacy Protection Commitment. These third parties may include, but are not limited to:
- seismic contractors
- land brokers, land agents and surveyors
- road, well or pipeline construction and associated maintenance
- environment, health and safety consultants, management consultants, health coverage and service providers
- geophysical, engineering, environmental, or other consultants
- regulatory authorities
Your personal information may be transferred to another company in the event of a business transaction. This will occur only if we have entered into an agreement with the acquiring party under which your personal information is protected.
Under privacy legislation, Bellatrix is required in certain circumstances to obtain your consent to collect, use and disclose your personal information. If you choose not to provide your consent, you may refuse to provide us with your personal information. Alternatively, you may withdraw your consent to our collection, use and disclosure of your personal information on reasonable notice, subject to applicable legal, contractual or regulatory requirements. Should you choose to exercise this right, please contact our Privacy Officer to facilitate your withdrawal.
There are circumstances where the collection, use or disclosure of personal information by Bellatrix may occur without your consent, where permitted or required by law.
If you do not contact us we will assume you have consented to our collection, use and disclosure of your personal information for the purposes as set out in this Privacy Protection Commitment.
Bellatrix is committed to safeguarding your personal information while it is in our control. We endeavor to maintain physical, procedural and technical security with respect to our offices and information storage facilities to prevent loss, misuse, unauthorized access, disclosure, or modification of your personal information.
Bellatrix will provide you with access to your personal information held by us, subject to exceptions as permitted or required by law.
If you have questions or concerns with respect to the information provided in this Privacy Protection Commitment please contact the Privacy Officer, the Executive Vice President, Finance & CFO at firstname.lastname@example.org.
If you have further questions or if you wish to refuse or withdraw your consent to our collection, use and disclosure of your personal information, you may contact us at 1-403-266-8670.
In this document, “Bellatrix”, “we”, “our” and “us” refer to Bellatrix Exploration Ltd.