Privacy Policy & Terms of Use

ARGENT WEBSITE TERMS OF USE
  
The following sets out the terms under which you may access and use Argent Energy Trust's ("Argent") website located at www.argentenergytrust.com  (the "Website"), and the information and materials contained therein.  By accessing the Website, you are agreeing to be bound by these Terms of Use.  If you do not agree with these Terms of Use you may not access or use the Website or any information or materials contained therein.

These Terms of Use may be changed from time to time, without notice.  It is your responsibility to check for such changes.  If you do not agree with any amendment you must stop using and accessing the Website. Your continued access or use of the Website after any such changes are posted will constitute your acceptance of these changes.

You may not interfere with the security of, or otherwise abuse, the Website or any system resources, services or networks connected to, or accessible through, the Website. You may only use the Website for lawful purposes. 

LIMITED LICENSE

Subject to these Terms of Use, you are granted a limited license only to display and print the materials and information contained in the Website for your own personal, non-commercial use, provided that such materials and information are not modified and that copyright and other intellectual property notices are not altered or deleted.  You may not create derivative works from or otherwise reproduce, modify, republish or disseminate any materials or information contained in the Website in any manner or form whatsoever. Unless you have entered into a separate agreement with Argent, any other use of such materials or information without Argent's written permission is prohibited.

PROPRIETARY RIGHTS

The materials and information contained in the Website are protected under the laws of Canada and of other countries.  Certain words, phrases, names, titles, icons, graphics, designs or logos used on the Website may constitute trade-marks, service marks or trade-names of Argent or other entities.  The display of trade-marks, service marks or trade-names on the pages of the Website does not imply that a license of any kind has been granted to anyone else.  Except as specifically set out herein, you may not use any such trade-marks, service marks or trade-names in any manner whatsoever.

INVESTMENT DECISIONS

THE MATERIALS AND INFORMATION CONTAINED IN THE WEBSITE ARE PROVIDED FOR INFORMATION PURPOSES ONLY AND ARE NOT INTENDED TO CONSTITUTE AN OFFERING OF SECURITIES IN ANY JURISDICTION.  Information disclosed under the securities laws of those Canadian jurisdictions applicable to Argent is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through or on the 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 the Website should not be used for the purpose of making investment decisions with respect to Argent.

IF YOU ARE GOING TO RELY ON ANY INFORMATION CONTAINED IN ANY DOCUMENT THEN YOU MUST OBTAIN THAT DOCUMENT DIRECTLY FROM THE APPROPRIATE SECURITIES REGULATORY AUTHORITIES.  IF YOU NEED CURRENT INFORMATION THEN YOU MUST REFER TO DOCUMENTS THAT HAVE BEEN FILED WITH THE SECURITIES AUTHORITIES.  Such information may be accessed from the website for the System for Electronic Document Analysis and Retrieval ("SEDAR") developed for the Canadian securities administrators which is located at www.sedar.com.

INVESTMENT CAUTION 

Individual statements appearing in Argent's securities filings are intended to be read in conjunction with and in the context of the complete documents in which they appear, including any documents incorporated therein by reference thereto, rather than as stand-alone statements. Further, these documents are not intended to be read in conjunction with any other material, including the content of the Website.

FORWARD LOOKING STATEMENTS

The Website contains statements that constitute "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. All statements, other than statements of historical facts, that address activities, circumstances, events, outcomes and other matters that Argent budgets, forecasts, plans, projects, estimates, expects, believes, assumes or anticipates (and other similar expressions) will, should or may occur in the future are considered forward-looking information.  The forward-looking information provided in or on the Website is based on the management of Argent's current beliefs, expectations and assumptions, based on currently available information as to the outcome and timing of future events.  With respect to forward-looking statements contained in this press release=, assumptions have been made regarding, among other things, future oil and natural gas prices, future currency exchange and interest rates, the regulatory framework governing taxes in the US and Canada and the Trust’s status as a “mutual fund trust” and not a “SIFT trust”, estimates of anticipated production from the Trust’s assets, which estimates are based on the proposed drilling and completion program with a success rate that, in turn, is based upon historical drilling and completion success and an evaluation of the particular wells to be drilled and completed, future recoverability of reserves from the assets, future capital expenditures and the ability of the Trust to obtain financing on acceptable terms for its capital projects, the level of participation in the Trust’s DRIP program and the Trust’s capital budget (which is subject to change in light of ongoing results, prevailing economic circumstances, commodity prices and industry conditions and regulations).

Argent cautions that its future oil, natural gas and natural gas liquids production, revenues, cash flows, liquidity, plans for future operations, expenses, outlook for oil and natural gas prices, timing and amount of future capital expenditures, and other forward-looking information is subject to all of the risks and uncertainties normally incident to the exploration for and development and production and sale of oil and gas.  These risks include, but are not limited to, oil and natural gas price volatility, Argent's access to cash flows and other sources of liquidity to fund its capital expenditures, its level of indebtedness, its ability to replace production, the impact of the current financial climate on Argent's anticipated business and financial condition, a lack of availability of or increases in costs in goods and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating future oil and gas production or reserves, economic conditions and other risks as described in documents and reports that Argent files with the securities commissions or similar authorities in applicable Canadian jurisdictions on SEDAR. Any of these factors could cause Argent's actual results and plans to differ materially from those contained in the forward-looking information.

Forward-looking information is subject to a number of risks and uncertainties, including those mentioned above, that could cause actual results to differ materially from the expectations set forth in the forward-looking information. Forward-looking information is not a guarantee of future performance or an assurance that our current assumptions and projections are valid. All forward-looking information speaks only as of the date made, and Argent assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking information, except as required by law.  You should not place undue reliance on forward looking information. You are encouraged to closely consider the additional disclosures and risk factors contained in Argent’s periodic filings on SEDAR that discuss in further detail the factors that could cause future results to be different than contemplated on the Website.

Cash-on-cash “yield” – Cash-on-cash "yield" is a non-IFRS measure used in this presentation and  is calculated by dividing the annualized distribution anticipated to be paid per trust unit by the current market price of the trust units. Cash-on-cash yield is a measure commonly used in the trust sector as an indicator of financial performance and Management believes that investors may consider yield when assessing an investment in trust units. Investors are cautioned, however, that distributions do not represent a “yield” in the traditional sense and are not comparable to bonds or other fixed income securities, where investors are entitled to a full return of the principal amount of debt on maturity in addition to a return on investment through interest payments at a predetermined level. Distributions can represent a blend of return on investment of unitholders’ initial investment and a return of capital on unitholders’ initial investment. Unlike fixed income securities, Argent has no obligation to distribute any fixed amount and reductions in, or suspension of, cash distributions may occur that would reduce future yield. See "Risk Factors – Risks Relating to the Trust’s Structure and Ownership of Units" and "Notice to Reader – Non-IFRS Measures" in Argent's Annual Information Form.

Reserves – The estimates of our reserves disclosed in this presentation have been prepared in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101) of the Canadian Securities Administrators and are based on report from GLJ Petroleum Consultants, an independent petroleum engineering firm, evaluating our reserves as of December 31, 2013.

LINKS TO THIRD PARTY WEBSITES

Argent does not control any third party website and is therefore not responsible for the content of any linked website or any link contained in a linked website. Linked websites are not part of the Website. Argent provides such links only as a convenience and the inclusion of any link does not imply endorsement, investigation or verification by Argent of the linked website or information contained therein.

CURRENCY OF WEBSITE 

Argent updates the information and materials on this website periodically.  However, Argent cannot guarantee or accept any responsibility or liability for the accuracy, currency or completeness of the information or materials on this website.  Argent may revise, supplement or delete information, materials, services and/or the resources contained in this website and reserves the right to make such changes without prior notification to past, current or prospective visitors.

INTERNET E-MAIL AND PRIVACY

The Internet is not a fully secure medium and any communication may be lost, intercepted or altered.  Argent is not liable for any damages related to communications to, or from, the Website.  You agree with respect to any information provided by you to us through the Website or via e-mail that:

* Argent has no obligation concerning such information; 
* the information is non-confidential; 
* Argent may use, disclose, distribute or copy the information and may use any ideas, concepts or know-how contained in the information for any purpose; and 
* the information is truthful and disclosure of the information does not violate the legal rights of others.

INTERNET SOFTWARE OR COMPUTER VIRUSES

Due to technical difficulties with the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information or materials contained on this website.  Computer viruses or other destructive programs may also be inadvertently downloaded from the Website.

Argent shall not be responsible or liable for any software, computer viruses or other destructive, harmful or disruptive files or programs that may infect or otherwise impact your use of your computer equipment or other property on account of your access to, use of, or browsing on the Website or your downloading of any of the information or materials from the Website.   Argent recommends that you install appropriate anti-virus or other protective software.

DISCLAIMER OF WARRANTIES

THE WEBSITE, AND ALL MATERIALS AND INFORMATION CONTAINED THEREIN, IS PROVIDED "AS IS", "AS AVAILABLE", AND "WITH ALL FAULTS" AND IS USED BY YOU AT YOUR SOLE RISK.  ARGENT MAKES NO EXPRESS OR IMPLIED WARRANTIES, CONDITIONS OR REPRESENTATIONS WHATSOEVER, INCLUDING THOSE IMPLIED BY STATUTE OR LAW, AND SPECIFICALLY DISCLAIMS THE SAME INCLUDING WITHOUT LIMITATION, ANY WARRANTIES, REPRESENTATIONS OR CONDITIONS OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.

IN ADDITION, WITHOUT LIMITING THE FOREGOING, ARGENT DOES NOT REPRESENT OR WARRANT THAT THE WEBSITE OR THE MATERIALS OR INFORMATION CONTAINED THEREIN WILL MEET YOUR REQUIREMENTS OR THAT THEIR USE WILL BE UNINTERRUPTED OR ERROR FREE.  THE WEBSITE MAY CONTAIN BUGS, ERRORS, PROBLEMS OR OTHER LIMITATIONS.  ARGENT ASSUMES NO LIABILITY OR RESPONSIBILITY FOR ANY SUCH BUGS, ERRORS, PROBLEMS OR LIMITATIONS IN THE OPERATION OF, OR ANY INFORMATION OR MATERIALS CONTAINED IN, THE WEBSITE.

EXCLUSION OF LIABILITY

YOU ASSUME ALL RESPONSIBILITY AND RISK FOR USE OF THE WEBSITE INCLUDING WITHOUT LIMITATION ANY OF THE MATERIALS OR INFORMATION CONTAINED THEREIN.

TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ARGENT OR ANY OF ITS SUBSIDIARY ENTITIES OR THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, SECURITY HOLDERS, PARTNERS OR AGENTS BE LIABLE FOR ANY INCIDENTAL, INDIRECT, PUNITIVE, EXEMPLARY, CONSEQUENTIAL OR OTHER SIMILAR DAMAGES WHATSOEVER, OR ANY DAMAGES FOR LOSS OF PROFITS, INTERRUPTION, LOSS OF BUSINESS INFORMATION, OR LOSS OF OPPORTUNITY IN CONNECTION WITH ANY CLAIM, LOSS, DAMAGE, ACTION, SUIT OR OTHER PROCEEDING ARISING UNDER OR OUT OF THESE TERMS OF USE, INCLUDING WITHOUT LIMITATION IN CONNECTION WITH OR ARISING FROM YOUR USE OF, RELIANCE UPON, ACCESS TO, OR EXPLOITATION OF THE WEBSITE, THE MATERIALS OR INFORMATION CONTAINED THEREIN, OR ANY PART THEREOF, OR ANY RIGHTS GRANTED TO YOU HEREUNDER, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER THE ACTION IS BASED ON CONTRACT, TORT (INCLUDING NEGLIGENCE), INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OR OTHERWISE. 

IN EVERY EVENT, ARGENT'S TOTAL MAXIMUM AGGREGATE LIABILITY UNDER THESE TERMS OF USE OR THE USE OR EXPLOITATION OF ANY OR ALL PART OF THE WEBSITE, THE INFORMATION OR THE MATERIALS CONTAINED THEREIN, IN ANY MANNER WHATSOEVER SHALL BE LIMITED TO FIVE ($5.00) DOLLARS.

THE CONSIDERATION BEING PAID HEREUNDER DOES NOT INCLUDE ANY CONSIDERATION FOR ARGENT TO ASSUME ANY RISKS BEYOND THOSE EXPRESSLY ASSUMED HEREIN AND IF ANY SUCH RISKS WERE TO BE ASSUMED BY ARGENT, ARGENT WOULD NOT HAVE ENTERED INTO THIS AGREEMENT WITHOUT CHARGING SUBSTANTIAL FEES.

SOME JURISDICTIONS DO NOT ALLOW FOR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU.

INDEMNIFICATION

You agree to indemnify and hold Argent harmless against all claims or liability asserted against Argent arising out of or in connection with any breach by you or anyone acting on your behalf of any of these Terms of Use.

GENERAL

Argent is headquartered in Alberta, Canada and the Website is controlled, operated and administered by Argent from Alberta, Canada. The Website can be accessed from all provinces and territories of Canada, as well as from other countries around the world. As each of these jurisdictions has laws that may differ from those of Alberta, Canada, by accessing the Website, you acknowledge and agree that all matters relating to these Terms of Use and access to, or use of, the Website (including any of the materials or information contained therein), and the resolution of any dispute arising between the parties shall be governed and construed in accordance with the laws of the Province of Alberta and those of Canada applicable therein (without reference to conflicts of laws principles).  You agree that any legal action or proceeding between you and Argent which in any way concerns these Terms of Use or the use of the Website or any materials or information contained therein shall be brought exclusively in the courts of Alberta, Canada.  Any such dispute will be brought on an individual basis, and will not be consolidated in any other proceeding with any claim, controversy or dispute of any other party.  Except where prohibited by applicable law, you agree to waive any right you may have to commence or participate in any class action against Argent relating to any such dispute and you also agree to opt out of any class proceedings against Argent.  Notwithstanding the foregoing, either party may apply to any court of competent jurisdiction to obtain injunctive or other emergency or similar relief.

Argent makes no representation that access to the Website or that the information contained therein is appropriate or legal in all jurisdictions.  You may not access the Website or use any information in those jurisdictions where it would be illegal.  In any case, your access to the Website is entirely at your own initiative and you are responsible for ensuring that all laws are complied with.

Argent's failure to insist upon or enforce strict performance of any provision of these Terms of Use shall not be construed as a waiver of any provision or right.

If any provision or part thereof of these Terms of Use is wholly or partially unenforceable, the parties or, in the event the parties are unable to agree, a court of competent jurisdiction, shall put in place thereof an enforceable provision or provisions, or part thereof, that as nearly as possible reflects the terms of the unenforceable provision or part thereof.

All references herein to Argent shall be deemed to include any subsidiary, affiliate, associate or successor of Argent.

The parties have requested that these Terms of Use and all documents relating thereto be drawn up in English. Les parties ont demandé que cette convention, ainsi que tous les documents qui s'y rattachent, soient en anglais.


About Us
The Trust's main objective is to create stable and consistent
returns for investors through the acquisition and development of
oil, and natural gas reserves and production with low risk exploration potential.