These terms and conditions of use are current as of June 30, 2009. Alberta Oilsands Ltd. encourages you to use this website and information contained herein for your personal use.
1. Legal Disclaimers, Copyright and Trademarks
All material found in the pages of this website is protected under the copyright laws of Canada and of other countries.
Certain names, words, titles, phrases, logos, icons, graphics or designs in the pages of this website may constitute trade names, trademarks or service marks of Alberta Oilsands or its subsidiaries, or the use of which may have been licensed to them. The display of trademarks, trade names or service marks on pages at this website does not imply that a license of any kind has been granted to any other person or entity.
Any unauthorized downloading, re-transmission, re-publication or other copying or modification of material posted on this website, including trademarks, trade-names and service marks, may violate federal, common or civil law, trademark law and copyright law, and may result in legal action.
2. Disclaimer of Warranties
The information and material contained in this website are believed to be accurate and complete at the time of posting. Although Alberta Oilsands attempts to ensure that all information and material remain current and accurate, Alberta Oilsands does not guarantee their currency, completeness and accuracy at all times.
No warranty of any kind, implied, expressed or statutory, including but not limited to warranties as to non-infringement of intellectual property rights or third party rights, title, latent defects, uninterrupted service, merchantability, fitness for a particular purpose and freedom from computer viruses, is given in conjunction with the information, materials and software algorithms in this website.
3. Exclusion of Liability
MATERIAL CONTAINED IN THIS WEBSITE IS FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED TO CONSTITUTE AN OFFERING OF SECURITIES IN ANY JURISDICTION.
Information disclosed under the corporate and securities laws of those Canadian jurisdictions applicable to Alberta Oilsands is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through or on this website. Due to the technical and security risks inherent in the Internet, and because the document you access may differ from the original depending on your browser software, caution should be exercised if the information set out in this website is used for the purpose of making investment decisions with respect to Alberta Oilsands shares. If you are interested in Alberta Oilsands’ securities, we encourage you to contact Alberta Oilsands to obtain printed copies of the documents you wish to review.
In no event shall Alberta Oilsands be liable for any damages, including without limitation, direct or indirect, special, incidental, moral or consequential damages, loss of profits, opportunities or information or for expenses arising in connection with this website, with any software algorithms available thereon nor with any hyperlinked website or for use thereof or inability to use by interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if Alberta Oilsands is advised of the possibility of such damages, losses or expenses. Software algorithms made available and hyperlinks to other Internet resources are at your own risk. The content, accuracy, opinions expressed and other links provided by these software algorithms and resources are not investigated, verified, monitored, or endorsed by Alberta Oilsands.
The Internet is not a fully secure medium, and therefore confidentiality and privacy cannot be ensured. Alberta Oilsands will not be liable for any damages resulting from the transmission of confidential or personal information via email or through other means.
4. Links to Third Party Websites
As a courtesy, this website contains links to third-party sites. Alberta Oilsands is not responsible for the accuracy or reliability of any content found on these sites. Nor is Alberta Oilsands responsible for internet technical difficulties, software or transmission problems, computer viruses or any such destructive programs that may occur as a result of using this or any linked website.
5. Forward-Looking Statements
This website contains certain forward-looking statements and information (“forward-looking statements”) within the meaning of such statements under applicable securities law including management’s assessment of the Company’s properties, production and prospects. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, this website contains forward-looking statements with respect to the possible development (including the timing of such development and the ability of the Company to receive required regulatory approvals in a timely manner, or at all) on the Company’s oilsands properties, including in respect of pilot projects and further development in respect of its Clearwater properties; the results of such oilsands development; and the future classification of certain of the Company’s bitumen resources as possible reserves. These factors include the inherent risks involved in the exploration and development of oil sands properties, the uncertainties involved in interpreting drilling results and other geological data, the possibility that royalties and other government levies could be increased, fluctuating oil prices, the possibility of project cost overruns or unanticipated costs and expenses, the inability of the Company to receive required regulatory approvals for any reason, uncertainties relating to the availability and costs of financing needed in the future and other factors including unforeseen delays. As an oil sands focused enterprise, the Company faces risks, including those associated with exploration, development, approvals and the ability to access sufficient capital from external sources. Anticipated exploration and development plans relating to the Company’s properties are subject to change. For a detailed description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s most recent annual financial statements and management’s discussion and analysis, available on Alberta Oilsands’ website and on SEDAR at www.sedar.com. Readers are urged to review such risks and uncertainties in their entirety. The Company undertakes no obligation to update such forward-looking statements or information if circumstances or management’s estimates or opinions should change, expect as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.
Statements relating to “resources” are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the described resources exist in the quantities predicted or estimated, and can be profitably produced in the future. See “Important Information Regarding the Disclosure of Resources” below.
6. Important Information Regarding the Disclosure of Resources
There is no certainty that it will be commercially viable for the Company to produce any portion of the resources detailed on this website. There are a number of inherent risks and contingencies associated with oil sands development, including commodity price fluctuations, project costs and those other risks and contingencies discussed in more detail in the sections entitled “Oilsands Developments Risks” and “Business Risks and Uncertainties” in the Company’s most recent management’s discussion and analysis.
“Contingent resources” are defined as those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercial recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political and regulatory matters or a lack of markets. Certain of these contingencies, as they apply to the Company, are discussed in more detail under the headings “Disclosure of Resources” in the Company’s most recent management’s discussion and analysis.
“Resources” are quantities of petroleum that are estimated to exist originally in naturally occurring accumulations, including the quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations, prior to production, plus those estimated quantities in accumulations yet to be discovered.
Resources and contingent resources do not constitute, and should not be confused with, reserves. No bitumen reserves have been recovered within any of the Company’s project areas and there is no assurance that any commercial oil sands projects will be developed.
7. Barrels of Oil Equivalent
Barrels of oil equivalent (“boe”) may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.