This Legal Notice governs your access to and use of the website located at (the “Site”). This Site is owned and operated by or on behalf of Pipestone Energy Corp. (“Pipestone”). The Site may be changed or updated from time to time without notice. Pipestone may revise this Legal Notice at any time by updating this posting. By accessing or using the Site after such revisions are posted, you agree to the revised Legal Notice. You should visit this posting periodically to review this Legal Notice and any revisions. By accessing or using the Site, you agree to the following terms and conditions and agree to release Pipestone from all claims, expenses, damages, costs or any loss of any kind arising out of accessing or using the Site:

Site is Provided as a Service Only

THIS SITE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED AS A SOLICITATION OR OFFERING OF SECURITIES IN ANY JURISDICTION. Content available on or through the Site is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Pipestone and should not be used for the purpose of making investment decisions concerning Pipestone securities. Printed copies of official versions of public disclosure documents are available from applicable securities regulators.

Site Protected by Copyright & Trademark

All content displayed on or accessible through this Site, including, without limitation, information, news, editorials, documents, presentations, reports, text, charts, photographs, images, graphics, user interfaces, applications, computer software or code (collectively, the “Content”), is owned by Pipestone or third parties, and is protected under copyright, trade-mark, and other laws of Canada and of other applicable jurisdictions. The Content may be accessed, used and copied for non-commercial, personal or educational purposes, provided the Content is not modified and that copyright or trademark notices are not deleted. Any other use of this material without Pipestone’s written permission is prohibited. In addition, you may not hyperlink to or frame the Site without the prior written consent of Pipestone.

Except as otherwise noted, the trade-marks and logos displayed on the Site belong to Pipestone and may not be used without Pipestone’s written permission. Written permission is also required to use any third-party trademark displayed on this Site. No license to use any Pipestone or third party trade-marks or other names is granted to you. Failure to comply with these terms and conditions may violate copyright, trade-mark and other laws and may result in legal action.

Exclusion of Liability

Pipestone shall not be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), loss of profits, opportunities or information arising from:

  1. the use of or reliance on information contained in this Site;

  2. any inaccuracy or omission in such information or failure to keep the information current;

  3. use of any third-party websites linked to this website;

  4. any Internet software used in connection with this Site or computer viruses or other destructive programs encountered as a result of using this Site; and

  5. any other matter connected with this Site; even if Pipestone is made aware of the possibility of such claims, expenses, damages or losses.

Currency of Site 

The information contained in this Site is believed to be accurate and complete at the time of posting. Although Pipestone attempts to ensure that all information remains current and accurate, Pipestone cannot guarantee the accuracy, completeness and currency of the information at all times.

Pipestone Not Responsible for Linked Websites 

Pipestone provides links to third party websites for your convenience only. The inclusion of these links does not imply that Pipestone controls, monitors, investigates or endorses the accuracy, reliability, integrity, quality, completeness, availability, suitability or security of any data, information or other content on or made available through these websites. Accordingly, Pipestone accepts no responsibility for such linked websites or the data, information or content thereof. Any use of such linked websites and their content is at your sole risk.

Pipestone Not Responsible for Internet Software or Computer Viruses

Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information contained on this Site when displayed or downloaded onto your computer. Computer viruses or other destructive programs may also be inadvertently downloaded from the Site. Pipestone shall not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.

Internet E-Mail 

You may communicate information and content to Pipestone by email or through features made available through the Site. Please be aware, however, that the Internet is not a fully secure medium and any communication may be lost, intercepted or altered. Pipestoneis not liable for any damages related to communications to or from this Site. Users agree with respect to any information provided toPipestone through this Site that:

  1. Pipestone accepts no responsibility for such information;

  2. such information is non-confidential;

  3. Pipestone may use, display, disclose, modify, transmit, distribute, copy or otherwise benefit from such information for the business purposes of Pipestone;

  4. Pipestone may use any ideas, concepts or know-how contained in such information for any purpose without further compensation to you; and

  5. the information is truthful and disclosure of such information does not violate the legal rights of others.

Forward-Looking Statements

This Site may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.  Pipestone’s documents filed with securities regulatory authorities will describe risks, material assumptions and other factors that could influence actual results.  Furthermore, the forward-looking statements contained in this Site are made as of the date thereof, and except as required by law, Pipestone does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this Site are expressly qualified by this cautionary statement.

Oil and Gas Measures

Barrels of Oil Equivalent – This Site discloses certain production information on a barrels of oil equivalent (“boe”) basis with natural gas converted to barrels of oil equivalent using a conversion factor of six thousand cubic feet of gas (mcf) to one barrel (bbl) of oil (6 mcf:1 bbl). Condensate and other NGLs are converted to boes at a ratio of 1 bbl:1 bbl. Boes may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf:1 bbl is based roughly on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at Pipestone’s sales point. Although the 6:1 conversion ratio is an industry-accepted norm, it is not reflective of price or market value differentials between product types. Based on current commodity prices, the value ratio between crude oil, NGLs and natural gas is significantly different from the 6:1 energy equivalency ratio. Accordingly, using a conversion ratio of 6 mcf:1 bbl may be misleading as an indication of value.


  • The material contained in this Site is deemed to be provided in Alberta and is subject to Alberta law;

  • All monetary amounts mentioned on this Site are in Canadian dollars unless otherwise stated; and

  • Pipestone makes no representation that access to this Site or that the information contained thereon is appropriate or legal in all jurisdictions. You may not access this Site or use any information in those jurisdictions where it would be illegal. In any case, your access to the Site is entirely at your own initiative and you are responsible for ensuring that all laws are complied with.”