General information only
This website is provided by Summit Ventures for general informational and educational purposes only. Nothing on this website is, or should be read as, financial, legal, tax or accounting advice, or a recommendation that any person participate in any joint venture or acquire any interest.
The information on this website is not tailored to the circumstances of any individual or entity. Before making any decision, you should consult your own independent legal, tax and financial advisers.
No offer or solicitation
Nothing on this website constitutes an offer to sell, or a solicitation of an offer to buy, any security or interest in any jurisdiction. Any offer will be made only through definitive offering documents provided directly to eligible persons, and only in jurisdictions where such an offer is permitted.
In the event of any conflict between information on this website and the offering documents for a specific joint venture, the offering documents control.
Regulation D and accredited status
Summit Ventures conducts its offerings in reliance on Rule 506(c) of Regulation D under the Securities Act of 1933. Rule 506(c) permits general solicitation, provided that all purchasers are accredited and the issuer takes reasonable steps to verify their accredited status.
Participation in any Summit Ventures joint venture is limited to individuals and entities that qualify as accredited under Rule 501 of Regulation D. Summit Ventures verifies accredited status before any commitment is accepted. Interests offered under Regulation D have not been registered under the Securities Act or any state securities law, and are subject to restrictions on transfer and resale.
No regulatory approval
No federal or state securities commission or other regulatory authority has approved or disapproved of any interest described on this website, or passed upon the accuracy or adequacy of the information on this website. Any representation to the contrary is unlawful.
Forward-looking statements
Some content on this website contains forward-looking statements, including statements about strategy, operations, plans, production, costs, market conditions and other future events. Words such as “believe,” “expect,” “plan,” “target,” “may” and similar expressions identify such statements.
Forward-looking statements are based on current assumptions and are subject to risks and uncertainties, many of which are outside the control of Summit Ventures. Actual results may differ materially. Summit Ventures undertakes no obligation to update any forward-looking statement.
Past performance and illustrations
Past performance of any Summit Ventures project, or of any oil and gas property, is not indicative of future results. Any figures, scenarios or examples on this website that are labeled as illustrative or hypothetical are provided only to explain a concept. They do not represent any actual project, and they are not a projection or promise of any outcome.
Tax information
References on this website to tax rules, including intangible drilling costs, depreciation, percentage depletion, the working-interest rule, the excess business loss limitation, the alternative minimum tax and like-kind exchanges, are general in nature and reflect federal tax law believed to be current as of publication.
Tax information on this website has not been prepared for any specific person or transaction, may not reflect state or local law, and may change as laws, regulations and interpretations change. The tax consequences of participation depend on each person’s circumstances. You should consult a qualified tax adviser before making any decision.
Third-party information
Some content refers to or relies on information from third parties, including government agencies and industry sources. Summit Ventures believes such information to be reliable but has not independently verified it and makes no representation as to its accuracy or completeness.
Risk
Direct participation in oil and gas development involves significant risk, including the possible loss of some or all committed capital. Please read the Risk Disclosure before considering any participation.
Contact
Summit Ventures
5 Cowboys Way, STE 300
Frisco, TX 75034
Phone: 214-225-9623
Email: info@summitven.com
