As an indicator of the Company’s performance, cashflow from operations should not be considered as an alternative to, or more meaningful than, net cash from operating activities as determined in accordance with IFRS. The Company considers cashflow from operations to be a key measure as it demonstrates the Company’s underlying ability to generate the cash necessary to fund operations and support activities related to its major assets. Cashflow from operations is determined by adding back changes in non-cash operating working capital to cash from operating activities. “Net debt” referred to in this press release is not prescribed by IFRS. The Company uses net drawn debt as a measure to assess its financial position. Net drawn debt includes amounts outstanding under the Company’s debt facilities and senior notes, less cash and cash equivalents. Forward-looking Statements Some of the statements and information in this press release are forward-looking. Forward-looking statements and forward-looking information (collectively, “forward-looking statements”) are based on the Company’s internal expectations, estimates, projections, assumptions and beliefs as at the date of such statements or information, including, among other things, assumptions with respect to production, drilling, construction and maintenance times, well completion times, risks associated with operations, required regulatory, partner and other third party approvals, commodity prices, future capital expenditures, continued availability of financing for future capital expenditures, future acquisitions and dispositions and cash flow. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect.When used in this press release, the words and phrases like “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “plan”, “should”, “believe”, “could”, “target”, “in the process of”, “on track”,”set to” and similar expressions, and the negatives thereof, whether used in connection with operational activities, the planned activities and durations associated with the FPF-1 offshore commissioning and hook-up programme, the anticipated timing of Stella first hydrocarbons, production forecasts, projected operating costs, anticipated capital expenditures and capital programme, anticipated effects of securing access to the GSA oil export pipeline and the expected timing of securing such access, the anticipated timing of completion of the Austen license acquisition, assumed unitisation across licences P1588 and P363 containing the Vorlich discovery, portfolio investment opportunities, expected tax horizon of the Company, planned maintenance shutdowns and the effects thereof,or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations, or the assumptions underlying these expectations, will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon.
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( FARM ) (“FARM” or the “Company”) highlighting deeply troubling discrepancies and misrepresentations the Company has made about the qualifications of current director and Audit Committee Chairman, Christopher P. company websiteMottern in the Company’s SEC filings. The full text of Save Farmer Bros.’ letter to the Company’s Board of Directors follows and is available for download at www.SaveFarmerBros.com : Save Farmer Bros. http://thappightleefh.recmydream.com/insights-into-locating-primary-issues-for-stLogo 13601 North Freeway, Suite 200 Fort Worth, Texas 76177 Ladies and Gentlemen: For three consecutive years, beginning when Christopher P. Mottern was first nominated and elected to the Company’s Board of Directors (the “Board”) in 2013, the Company’s proxy statement filed with the Securities and Exchange Commission (the “SEC”) on Form DEF14A disclosed that “Mr. Mottern is a Certified Public Accountant.” Unquestionably, this important biographical information was materially relevant to the Board’s decision to appoint Mr. Mottern as the Chair of the Company’s Audit Committee on December 5, 2013, and the Board’s determination that Mr. Mottern is an “audit committee financial expert” as defined in Item 407(d) of Regulation S-K under the Securities Exchange Act of 1934. Unfortunately, it turns out that this material information is unverifiable and likely fabricated. When diligence and background checks conducted by Save Farmer Bros. failed to corroborate that Mr.
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