Advisories
Forward-Looking Statements
Certain information provided within this Website may constitute forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements and information, other than statements of historical fact, made by Touchstone that address activities, events, or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements.
Such forward-looking statements include within this Website, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expect”, “plan”, “anticipate”, “believe”, “intend”, “maintain”, “continue to”, “pursue”, “design”, “result in”, “sustain” “estimate”, “potential”, “growth”, “near-term”, “long-term”, “forecast”, “contingent” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. Viewers are cautioned that the assumptions used in the preparation of such forward-looking statements, although considered reasonable at the time of preparation, may prove to be imprecise, and as such, undue reliance should not be placed on forward-looking statements.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Certain of these risks are set out in more detail in the Company’s most recent Annual Information Form which is available here.
Non-GAAP Financial Measures
This Website may reference various non-GAAP financial measures, non-GAAP ratios, capital management measures and supplementary financial measures as such terms are defined in National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure. Such measures are not recognized measures under GAAP and do not have a standardized meaning prescribed by International Financial Reporting Standards (“IFRS” or “GAAP”) and therefore may not be comparable to similar financial measures disclosed by other issuers. Readers are cautioned that the non-GAAP financial measures referred to within the Website should not be construed as alternatives to, or more meaningful than, measures prescribed by IFRS, and they are not meant to enhance the Company’s reported financial performance or position. These are complementary measures that are commonly used in the oil and natural gas industry and by the Company to provide shareholders and potential investors with additional information regarding the Company’s performance.
For information regarding such measures, including reconciliations to the nearest GAAP measures, please refer to the “Advisories – Non-GAAP Financial Measures” section in the Company’s most recent Management’s discussion and analysis accompanying its most recent published consolidated financial statements, both of which are available here.
Oil and Natural Gas Measures
Where applicable, natural gas has been converted to barrels of oil equivalent based on six thousand cubic feet to one barrel of oil. The barrel of oil equivalent rate is based on an energy equivalent conversion method primarily applicable at the burner tip, and given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different than the energy equivalency of the 6:1 conversion ratio, utilizing the 6:1 conversion ratio may be misleading as an indication of value.
Product Type Disclosures
For information regarding specific product disclosures in accordance with NI 51-101, please refer to the “Advisories – Product Type Disclosures” section in the Company’s most recent Management’s discussion and analysis accompanying its most recent published consolidated financial statements, both of which are available here.
Abbreviations
The following abbreviations may be referenced herein:
| bbls/d | barrels per day | Mcf | thousand cubic feet |
| boe | barrels of oil equivalent | Mcf/d | thousand cubic feet per day |
| boe/d | barrels of oil equivalent per day | MMcf/d | million cubic feet per day |
| NGLs | natural gas liquids |
Disclaimers
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Exclusion of Liability
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