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Legal Disclaimer

By using this web site you agree to the following terms and conditions:

General Disclaimer

Cenovus Energy Inc., its subsidiaries, and related companies ("Cenovus"), have attempted to provide accurate and timely information but cannot guarantee or warranty that this information is free from defect. Information posted on this website may be superseded by subsequent disclosures. Information on the Cenovus website is provided solely for your convenience.

Cenovus reserves the right to make changes to the information, material and content provided on this website, including, without limitation, the terms and conditions of this disclaimer, at any time without notice. Continued use of this website following the posting of these changes shall constitute acceptance of such changes.

Information on this website is deemed to be provided in Alberta, Canada, and is subject to the laws of Alberta. By accessing this website you agree that all disputes, controversies, or claims arising out of or in connection with the website shall be subject to the jurisdiction of the courts of the Province of Alberta for final adjudication. By accessing this website from outside of Canada you acknowledge that you do so at your own risk and are responsible for any failure to comply with any local, national or international law.

This website does not constitute an offering under applicable securities legislation. All potential investors should seek independent information and advice from qualified investment professionals. Where any document on this website has been filed in accordance with applicable securities legislation, such documents are not the official versions of Cenovus's securities legislation disclosure documents, and visitors are directed to obtain official copies either from applicable securities regulators or from the Investor Relations department at Cenovus.

Unless otherwise stated, all monetary funds displayed on the website are in Canadian dollars.

Exclusion of Liability

Cenovus shall not be liable for any claims, expenses, loss or profits or damages (including direct, indirect, special or consequential damages) arising from:

  • the use or reliance on information contained in this website;
  • any error or omission in such information or failure to update information in a timely manner;
  • use of third-party websites linked to this website;
  • any Internet software used in connection with this website, computer viruses or other destructive programs encountered as a result of using this website; and
  • any other matters related to this website; even if Cenovus is made aware of the possibility of such claims, expenses, damages or losses.
Copyright and Trademarks

The copyright laws of Canada and other applicable jurisdictions protect all information and material on the Cenovus website. Any unauthorized use, including re-publication, unauthorized downloading, copying or modification of the information on this website, including design marks, logos, trademarks and tradenames may violate Cenovus's copyright, trademark or other proprietary rights and may result in legal action.

Internet Communications

The Internet is not a fully secure medium and any communication may be lost, intercepted, corrupted or altered. Cenovus is not liable for any damages resulting from the transmission, interception, corruption, or alteration of communications to or from this website. Any information voluntarily given to Cenovus via the website is deemed to be given consensually. You agree that the information you provide to Cenovus is non-confidential, truthful, legal and does not violate the rights of others and you consent to Cenovus using, distributing, reproducing or disclosing it for any purpose. Except as required by applicable laws, Cenovus undertakes no obligation of any kind concerning the information you provide to Cenovus via this website. The information is deemed to be non-proprietary and Cenovus may use any ideas, concepts, know-how or techniques for any purpose.

Cenovus does collect statistical information about visits to this website including hits, visits, pageviews, most frequented pages, most popular pages, time of day, day of week and date.

Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information contained on this website. Cenovus takes reasonable precautions to ensure that this website is free from computer viruses, however it is recommended that the user install and use appropriate anti-virus or other protective software. Cenovus disclaims liability for any computer viruses or other destructive programs that may be inadvertently downloaded from this website.

Linked Websites

Cenovus provides links to third-party websites solely for the convenience of its visitors, and is not responsible for the contents, information, practices, or software of third-party websites, or for any damage that may be incurred by linking to these sites.

Stock Price

All quotes are delayed at least 15 minutes unless otherwise stated and are believed to be accurate but are not guaranteed or warranted by the TSX or Cenovus. Potential investors should seek independent information and advice from qualified professionals prior to investment.

Forward-Looking Information

Certain statements contained in this website are forward-looking statements or information (collectively "forward-looking statements"), within the meaning of the applicable Canadian securities legislation, Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Cenovus is hereby providing cautionary statements identifying important factors that could cause Cenovus's actual results to differ materially from those projected in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intend," "plan," "projection," "could," "vision," "goals," "objective" and "outlook") are not historical facts and may be forward-looking and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements.

Because actual results or outcomes could differ materially from those expressed in any forward-looking statements, investors should not place undue reliance on any such forward-looking statements. Although Cenovus believes that the expectations reflected by the forward-looking statements presented in this website are reasonable, Cenovus's forward-looking statements have been based on assumptions and factors concerning future events that may prove to be inaccurate. Those assumptions and factors are based on information currently available to Cenovus about itself and the businesses in which it operates. Information used in developing forward-looking statements has been acquired from various sources including third-party consultants, suppliers, regulators and other sources.

The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website and the EDGAR website describe the risks, material assumptions and other factors that could influence actual results and are incorporated herein by reference.

Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, Cenovus undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of each such factor on Cenovus's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

Disclosure of Oil and Gas Reserves and Other Oil and Gas Information

The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation.

Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political, and regulatory matters, or a lack of markets. There is no certainty that it will be commercially viable to produce any portion of the contingent resources.

Discovered petroleum initially-in-place is that quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations prior to production. The recoverable portion of discovered petroleum initially-in-place includes production, reserves and contingent resources; the remainder is unrecoverable. A recovery project cannot be defined for these volumes of discovered petroleum initially-in-place at this time. There is no certainty that it will be commercially viable to produce any portion of the resources.

Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of proved plus probable plus possible reserves. There is at least a 10 percent probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves.

The Company uses the terms barrels of oil equivalent ("boe") and thousand cubic feet of gas equivalent ("mcfge"), which are calculated on an energy equivalence basis whereby one barrel of crude oil is equivalent to six thousand cubic feet of natural gas. Readers are cautioned that the terms boe and mcfge may be misleading, particularly if used in isolation. This measure is primarily applicable at the burner tip and does not represent value equivalence at the wellhead.

Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission ("SEC") permits U.S. oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that have been determined in accordance with SEC rules. Cenovus uses certain terms, such as "discovered petroleum initially-in-place", prospective resources and contingent resources that the SEC's guidelines strictly prohibit in filings with the SEC by U.S. oil and gas companies. U.S. investors should refer to our Annual Report on Form 40-F available from us or the SEC for further reserve disclosure.