Oil and gas investments are highly speculative and involve a high degree of risk. Oil and gas wells are naturally depleting assets. Cash flows and returns may vary and are not guaranteed. Past performance is no indication of future performance. Prospective investors acknowledge the need to conduct their own thorough investigation and due diligence before considering an oil and gas investment. Prospective investors acknowledge that they must be prepared to withstand a total loss of any investment that they make. Nothing herein shall be construed as legal, tax or accounting advice and prospective investors should consult with his/her/its own counsel and advisors prior to making an investment.