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An investment in the Company should be considered highly speculative due to the early stage of development of the Company's Russian properties. The Company is in the exploration phase. It has no proven reserves or production or production revenues and has not drilled any wells to date. There is no assurance that any wells that may be drilled will be successful. There is no assurance that any discoveries that may occur will provide commercial quantities of oil or natural gas. The following information describes certain significant risks and uncertainties inherent in the Company's business. Prospective investors should take these risks into account in evaluating the Company and in deciding whether to make an investment in the Company. This section does not describe all risks applicable to the Company, its industry or its business, and it is intended only as a summary of certain material risks. Prospective investors should carefully consider such risks and uncertainties together with other information discussed in this website. If any of such risks or uncertainties actually occurs, the Company's business, financial condition or operating results could be harmed substantially and could differ materially from the plans and other forward-looking statements discussed in this website. Please follow the link to review a comprehensive, but not full, list of Risk Factors.