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| related topics |
| {gas, price, oil} |
| {loss, insurance, financial} |
| {regulation, government, change} |
| {cost, regulation, environmental} |
| {cost, contract, operation} |
| {competitive, industry, competition} |
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Estimates of oil and gas reserve are uncertain and may require future adjustment due to changes in estimates.
Our actual drilling results are likely to differ from our estimates of proved reserves, so our future results of operations will likely be different from what we estimate, which could cause volatility in the valuation of Energytec in the public stock market.
Our properties include a substantial number of non-producing wells, and the costs of maintaining and bringing these existing wells back into production could increase our production costs and adversely affect our results of operations.
Our properties may also be susceptible to hydrocarbon drainage from production by other operators on adjacent properties, which could diminish the recoverable hydrocarbons from our properties and future net revenues from our reserves.
In order to provide for improved results of operations for the future and long-term survival of the Company, the acquisition or discovery of additional reserves is necessary.
Natural gas and oil prices are volatile, and low prices have had in the past, and could have in the future, a material adverse impact on our business and the value of your investment in Energytec.
Our insurance coverage may not be sufficient to cover some liabilities or losses we may incur, so a substantial liability or loss not covered by insurance would diminish the resources we have to pursue our business and adversely affect our results of operations and the value of Energytec.
The oil and gas industry is highly competitive in all aspects, which will affect our future development.
We may not be able to fund our planned capital expenditures.
Environmental matters and governmental regulations may have a substantial impact on our operations.
We depend on our management to perform the difficult task of correcting the problems and dealing with the issues that confront Energytec, and the loss of the services of any of our management team would have a substantial adverse impact on our ability to achieve our objectives and substantial risk exists that under the present circumstances Energytec could not find replacements for the current management.
Full 10-K form ▸
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