1131072--3/13/2008--TETON_ENERGY

related topics

{gas, price, oil}

{acquisition, growth, future}

{debt, indebtedness, cash}

{loss, insurance, financial}

{stock, price, operating}

{provision, law, control}

{operation, natural, condition}

{personnel, key, retain}

{competitive, industry, competition}

We may be unable to fund our planned capital expenditures. Drilling for and producing oil and natural gas are high risk activities with many uncertainties that could adversely affect our business, financial condition, or results of operations. Acquisitions are a part of our business strategy and are subject to the risks and uncertainties of evaluating recoverable reserves and potential liabilities. Our ability to complete acquisitions could be affected by competition with other companies and our ability to obtain financing or regulatory approvals. Our acquisitions may pose integration risks and other difficulties. Competitive industry conditions may negatively affect our ability to conduct operations. We have limited operating control over our current production. Oil and gas prices fluctuate widely, and low prices for an extended period of time are likely to have a material adverse impact on our business, results of operations and financial condition. Our use of oil and natural gas price hedging contracts involves credit risk and may limit future revenues from price increases while not hedging may result in significant fluctuations in our net income and stockholders equity. The marketability of our production depends upon the availability, proximity and capacity of gas gathering systems, pipelines and processing facilities, which are owned by third parties. Our credit facility has substantial restrictions and financial covenants, and we may have difficulty obtaining additional credit, which could adversely affect our operations. Our debt level and the covenants in the agreements governing our debt could negatively impact our financial condition, results of operations and business prospects. The instruments governing our indebtedness contain various covenants limiting the discretion of our management in operating our business. Seasonal weather conditions and lease stipulations can adversely affect the conduct of drilling activities on our properties. Our reserves and future net revenues may differ significantly from our estimates. The loss of key personnel could adversely affect our business. We may incur non-cash charges to our operations as a result of current and future financing transactions. Risks Relating To Our Common Stock Our insiders beneficially own a significant portion of our stock. The anti-takeover effects of provisions of our charter, by-laws, and shareholder rights plan, and of certain provisions of Delaware corporate law, could deter, delay, or prevent an acquisition or other change in control of us and could adversely affect the price of our common stock.

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1131072--3/13/2008--TETON_ENERGY_CORP