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| related topics |
| {gas, price, oil} |
| {loss, insurance, financial} |
| {cost, regulation, environmental} |
| {stock, price, operating} |
| {personnel, key, retain} |
| {cost, contract, operation} |
| {provision, law, control} |
| {customer, product, revenue} |
| {operation, international, foreign} |
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Technological advances could significantly decrease the cost of upgrading heavy oil and, if we are unable to adopt or incorporate technological advances into our operations, our HTL tm Technology could become uncompetitive or obsolete.
The development of alternate sources of energy could lower the demand for our HTL tm Technology.
The volatility of oil prices may affect our financial results.
Lower oil prices could negatively impact our ability to borrow.
Our ability to sell assets and replace revenues generated from any sale of our existing properties depends upon market conditions and numerous uncertainties.
We may be required to take write-downs if oil prices decline, our estimated development costs increase or our exploration results deteriorate.
Government regulations in foreign countries may limit our activities and harm our business operations.
Estimates of proved reserves and future net revenue may change if the assumptions on which such estimates are based prove to be inaccurate.
Information in this document regarding our future plans reflects our current intent and is subject to change.
Our business may be harmed if we are unable to retain our interests in licenses, leases and production sharing contracts.
We may incur significant costs on exploration or development efforts which may prove unsuccessful or unprofitable.
Our business involves many operating risks that can cause substantial losses; insurance may not protect us against all these risks.
Complying with environmental and other government regulations could be costly and could negatively impact our production.
We compete for oil and gas properties with many other exploration and development companies throughout the world who have access to greater resources.
Our share ownership is highly concentrated and, as a result, our principal shareholder significantly influences our business.
If we lose our key management and technical personnel, our business may suffer.
Full 10-K form ▸
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