Item 8.01 Other Events.
On
Forward-Looking Statements
Except for statements of historical fact, the matters discussed herein are
"forward-looking statements" within the meaning of the applicable
Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, risks relating to known and unknown uncertainties, including:
• the impact of the outbreak of the COVID-19 coronavirus on the Company's business, financial condition and results of operations; • fluctuations in the levels of exploration and development activity in the oil and natural gas industry; • delays, reductions or cancellations of project awards and the Company's ability to realize revenue projected in the Company's backlog; • the Company's debt agreements and potential events of default thereunder, including the risk that the holders of the debt take action to accelerate the maturity date of the applicable debt and exercise their other respective rights and remedies, such as foreclosure, among other things; • the availability of liquidity and capital resources, including the Company's need to obtain additional working capital for upfront expenditures for upcoming projects, and the potential impact this has on the Company's business and competitiveness; • other risks described more fully in the Company's filings with theSecurities and Exchange Commission that relate to matters not covered in this Current Report on Form 8-K.
Each of these risks, and the known and unknown consequences of these risks,
could have a material negative impact on the Company, its business and
prospects. As of the date of this Current Report on Form 8-K, the Company cannot
make any assurances regarding the impact or outcome of these risks.
Forward-looking statements reflect the views of the Company as of the date
hereof. The Company does not undertake to revise these statements to reflect
subsequent developments, other than in compliance with
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