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Introduction

Information contained in this website is for information purposes only. The website and the information (including changes to the terms herein) may be changed or updated from time to time without notice. In consideration for using this website, the visitor agrees to hold Bellatrix Exploration Ltd. and its directors, officers, employees and agents harmless against any claims for damages or costs or any loss of any kind arising out of the access to or use of this website or any information contained in or obtained through this website. As visitors access this website on a server in Alberta, Canada, the information contained in this website is deemed to be provided in Alberta and is subject to Alberta law and the laws of Canada applicable therein. If you access this website from outside of Canada, you do so at your own risk and are responsible for compliance with local, national or international laws including, without limitation, securities laws and import and export laws.

Disclaimer of Warranties

In addition to the above disclaimers of warranties, Bellatrix Exploration Ltd. hereby expressly disclaims any liability for errors or omissions in the information contained in this website. Information contained in this website does not constitute a solicitation or an offering of securities in any jurisdiction. Information that may be or previously disclosed under corporate securities legislation of Canadian, U.S. or other jurisdictions applicable to Bellatrix Exploration Ltd., e.g. Annual Report, Quarterly Reports, Annual Information Forms or press releases, is not intended in any way to be qualified, amended, modified or supplemented by information available in, through or on this website. Although Bellatrix Exploration Ltd. believes this information to be correct at the time it is posted, it does not warrant the accuracy, completeness or currency of this information at all times. All information contained in this website is provided on an as-is and as-available basis without any representations, warranties or endorsements whatsoever.

No warranty of any kind, implied, expressed or statutory, warranty of merchantability and non-infringement of intellectual property rights, third party rights, title, fitness for any particular purpose or freedom from computer viruses or other contaminating or destructive properties is given in conjunction with the information contained in this website.

Cautionary statement on forward-looking information, GAAP and BOE

This web site may contain forward-looking information that speaks only as of the date such information was prepared and such forward looking information is expressly qualified by this cautionary statement.  The reader is cautioned that forward looking statements or information are based on a number of factors and assumptions which have been used to develop such statements or information and such statements or information may prove to be incorrect and the information may not be appropriate for other purposes. Bellatrix cautions the reader that actual results may differ materially from those predicted and results may be affected by numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Bellatrix. These risks include, but are not limited to,  risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, incorrect assessment of the value of acquisitions, failure to realize the anticipated benefits of acquisitions, delays resulting from or inability to obtain required regulatory approvals, actions taken by Bellatrix's lenders that reduce Bellatrix's available credit and ability to access sufficient capital from internal and external sources.   In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: the impact of increasing competition; the general stability of the economic and political environment in which Bellatrix operates; the timely receipt of any required regulatory approvals; the ability of Bellatrix to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects which Bellatrix has an interest in to operate the field in a safe, efficient and effective manner; the ability of Bellatrix to obtain financing on acceptable terms; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development of exploration; the timing and costs of pipeline, storage and facility construction and expansion and the ability of Bellatrix to secure adequate product transportation; future commodity prices; currency, exchange and interest rates; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Bellatrix operates; and the ability of Bellatrix to successfully market its oil and natural gas products. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements or information.

In addition, the various documents contained on this web site may include forward-looking information as may or may not be identified therein and such forward-looking information is based on the assumptions and subject to the risk factors identified therein as well as the risk factors identified above. Additional information on these and other factors that could affect Bellatrix are included in reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission and may be accessed through the SEDAR website (www.sedar.com), the SEC’s web site (www.sec.gov) or on this web site. Although Bellatrix believes that the expectations reflected in such forward looking statements or information are reasonable, the reader is cautioned not to place undue reliance on forward-looking statements or information.

Non-GAAP Measures

Bellatrix uses terms that are commonly used in the oil and natural gas industry, but do not have a standardized meaning presented by International Financial Reporting Standards (“IFRS”) and therefore may not be comparable to the calculations of similar measures for other entities. Management of Bellatrix believes that the presentation of these non-GAAP measures provide useful information to investors and shareholders as the measures provide increased transparency and the ability to better analyze performance against prior periods on a comparable basis. 

Estimating reserves is also critical to several accounting estimates and requires judgments and decisions based upon available geological, geophysical, engineering and economic data. These estimates may change, having either a negative or positive effect on net earnings as further information becomes available, and as the economic environment changes.

The term barrels of oil equivalent (“BOE”) may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All BOE conversions on this web site are derived from converting gas to oil in the ratio of six thousand cubic feet of gas to one barrel of oil. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

Exclusion of Liability

In no event shall Bellatrix Exploration Ltd. be liable for any damages, including without limitation, direct or indirect, special, incidental or consequential damages, loss of profits, opportunities or information arising in connection with this website or with any linked website even if we are made aware of the possibility of such damages, losses, claims or expenses.

Trademark and Copyright

All material and information found in this website is protected under the copyright and trademark laws of Canada and other applicable jurisdictions.

The display of trademarks, tradenames or design marks in this website does not imply that a license of any kind has been granted to any other party.

Any unauthorized use regarding publication, copying or modification of information on this website, including trademarks, tradenames and design marks, may violate applicable legislation and may result in legal action.

Links to Third Party Sites

This website contains links to third party sites. These links have been provided solely as a convenience for users of this website and do not constitute an endorsement by us of the content of such third party sites. Links to this website may also be provided from other sites either known or unknown to us. Access to any other website linked to or from this website is at your own risk. We have not reviewed and is not responsible for the content of any third party sites linked to or from this website and does not make any representations regarding the privacy practices, content or accuracy of materials on such third party sites.

Collection of Information

We may collect anonymous information about a visitor's actions while they view this site. No personally identifiable information (for example, name, address or phone number) is collected from any visitor. This browsing information may be collected via server log files, via cookies, which are small amounts of data written to your browser, or via third-party tools that track a visitor's interactions within a page.

References to Bellatrix

For convenience, references in this website to "Bellatrix", the "Company", "us", "we" and similar references, may, where applicable, refer only to or include any relevant direct and indirect subsidiary corporations of Bellatrix Exploration Ltd. and the assets, activities and initiatives thereof.

Terms of Legal Notice Binding

Your access and use of this website constitutes your agreement to be governed by the contents of the Legal Notice set forth above. If you do not agree with them leave this website immediately.


PRIVACY PROTECTION COMMITMENT

Our commitment to privacy and collection at Bellatrix Exploration Ltd

Bellatrix is committed to protecting the privacy of personal information collected, used and disclosed in the conduct of its business. Personal information refers to information about an identifiable individual (except business contact information used for business purposes) including information about prospective, present or former employees or other individuals.

Bellatrix has adopted a privacy policy that applies to all individuals engaged in company business including all employees, as well as contractors and other service providers. Contractors and other service providers are expected to develop and enforce privacy policies and practices that are consistent with Bellatrix’s privacy policy.

Where required by law, Bellatrix will obtain consent of individuals to collect, use and disclose personal information. The purpose will be identified before or when the information is collected, except where otherwise permitted by law.

Bellatrix requires personal information to meet a variety of business-related purposes, including the following examples:

  • determining eligibility for employment (or to provide services to Bellatrix), including qualification and reference checks;
  • administering and managing employment or service relationships with Bellatrix;
  • administering compensation, benefits and related perquisites;
  • ensuring the safety and security of staff, external parties and assets; or
  • facilitating professional development and performance
  • meeting contractual, legal or other commitments (including payment obligations) to external parties, including landowners. complying with applicable employment or legal requirements

Bellatrix protects personal information by reasonable security safeguards which are appropriate to the sensitivity level of the information.

Bellatrix retains personal information for the period of time necessary to fulfill the purposes for which it was collected, statutory requirements or other legal purposes. Upon request, individuals will be granted reasonable access and review of their personal information as required by applicable law.

Violations of Bellatrix’s privacy policy and its related practices may result in disciplinary action up to and including termination of employment or contractual relationships.

Contact us

If you have further questions or if you wish to refuse or withdraw your consent to our collection, use and disclosure of your personal information, you may contact us at 1-403-266-8670.

Bellatrix Exploration Ltd.
1920, 800 5th Avenue SW
Calgary, Alberta T2P 3T6
Main: 403-266-8670
Fax: 403-264-8163
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Bellatrix Exploration
Investor Relations
investor.relations@bxe.com
Emergency Contact
1-403-266-8670