888504--4/15/2008--LAYNE_CHRISTENSEN

related topics

{loss, insurance, financial}

{interest, director, officer}

{property, intellectual, protect}

{cost, operation, labor}

{gas, price, oil}

{tax, income, asset}

Our use of the percentage-of-completion method of accounting could result in a reduction or reversal of previously recorded results. Reductions in natural gas prices could reduce our revenue and profit and curtail our future growth. Our estimated proved reserves are based on many assumptions that may prove to be inaccurate. Any material inaccuracies in these reserve estimates or underlying assumptions could materially reduce the quantities and present value of our reserves. The dollar amount of our backlog, as stated at any given time, is not necessarily indicative of our future earnings. If we are unable to retain skilled workers, or if a work stoppage occurs as a result of disputes relating to collective bargaining agreements, our ability to operate our business could be limited and our revenue could be reduced. If our health insurance, liability insurance or workers compensation insurance is insufficient to cover losses resulting from claims or hazard, if we are unable to cover our deductible obligations or if we are unable to obtain insurance at reasonable rates, our operating costs could increase and our profit could decline. If we are unable to protect our intellectual property adequately, the value of our patents and trademarks and our ability to operate our business could be harmed.

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888504--4/15/2008--LAYNE_CHRISTENSEN_CO