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Legal Disclaimer

These terms and conditions of use are current as of April 1, 2005. Second Wave Petroleum Ltd. encourages you to use this website and information contained herein for your personal use.

1. Legal Disclaimers, Copyright and Trademarks

All material found in the pages of this website is protected under the copyright laws of Canada and of other countries.

Certain names, words, titles, phrases, logos, icons, graphics or designs in the pages of this website may constitute trade names, trademarks or service marks of WaveForm Energy or its subsidiaries, or the use of which may have been licensed to them. The display of trademarks, trade names or service marks on pages at this website does not imply that a license of any kind has been granted to any other person or entity.

Any unauthorized downloading, re-transmission, re-publication or other copying or modification of material posted on this website, including trademarks, trade-names and service marks, may violate federal, common or civil law, trademark law and copyright law, and may result in legal action.

2. Disclaimer of Warranties

The information and material contained in this website are believed to be accurate and complete at the time of posting. Although Second Wave Petroleum Ltd. attempts to ensure that all information and material remain current and accurate, WaveForm Energy does not guarantee their currency, completeness and accuracy at all times.

No warranty of any kind, implied, expressed or statutory, including but not limited to warranties as to non-infringement of intellectual property rights or third party rights, title, latent defects, uninterrupted service, merchantability, fitness for a particular purpose and freedom from computer viruses, is given in conjunction with the information, materials and software algorithms.

3. Exclusion of Liability

MATERIAL CONTAINED IN THIS WEBSITE IS FOR INFORMATION PURPOSES ONLY AND IS NOT INTENDED TO CONSTITUTE AN OFFERING OF SECURITIES IN ANY JURISDICTION.

Information disclosed under the corporate and securities laws of those Canadian jurisdictions applicable to Second Wave Petroleum Ltd. is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through or on this website. Due to the technical and security risks inherent in the Internet, and because the document you access may differ from the original depending on your browser software, the information set out in this website should not be used for the purpose of making investment decisions with respect to Second Wave Petroleum Ltd. shares. If you are interested in Second Wave Petroleum Ltd. securities, contact Second Wave to obtain printed copies of the documents you wish to review.

In no event will Second Wave Petroleum Ltd. be liable for any damages, including without limitation, direct or indirect, special, incidental, moral or consequential damages, loss of profits, opportunities or information or for expenses arising in connection with this website, with any software algorithms available thereon nor with any hyperlinked website or for use thereof or inability to use by interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if Second Wave is advised of the possibility of such damages, losses or expenses. Software algorithms made available and hyperlinks to other Internet resources are at your own risk. The content, accuracy, opinions expressed, and other links provided by these software algorithms and resources are not investigated, verified, monitored, or endorsed by Second Wave Petroleum Ltd.

The Internet is not yet a fully secure medium, and therefore confidentiality and privacy cannot be ensured. Second Wave Petroleum Ltd. will not be liable for any damages resulting from the transmission of confidential or personal information via email or through other means.

4. Links to Third Party Websites

As a courtesy, this website contains links to third-party sites. Second Wave Petroleum Ltd. is not responsible for the accuracy or reliability of any content found on these sites. Nor is Second Wave responsible for internet technical difficulties, software or transmission problems, computer viruses or any such destructive programs that may occur as a result of using this or any linked website.

5. Forward-Looking Statements

This website may contain forward-looking statements including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, 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, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this website are made as at the date of this website posting and the Company 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, except as may be required by applicable securities laws.

The term BOE or BOEs may be misleading, particularly if used in isolation. A BOE (barrel of oil equivalent) conversion rate of 6 Mcf per one (1) BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.