Risk Factors Update Summary
- The volatility of the energy markets makes it difficult to predict future oil and natural gas price movements.
- Changes in estimates of future net revenues could impact financial obligations significantly.
- Geographical concentration reduced from 91% to 77% in Pennsylvania, diversifying to New Mexico and Texas.
- Cybersecurity risks detailed, including potential financial losses, reputational damage, and increased insurance premiums.
- Transition from an emerging growth company to a non-accelerated filer by December 31, 2024.
- Competition in the natural gas and oil industry may hinder drilling equipment availability and delay activities.
- Dependence on successful acquisition and exploration, with competition for technical personnel affecting operations.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1726126&owner=exclude
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