Petro River Oil's Comment on Competitors and Industry Peers
We operate in a highly competitive environment. We compete with major and independent
oil and natural gas companies, many of whom have financial and other resources
substantially in excess of those available to us. These competitors may be better
positioned to take advantage of industry opportunities and to withstand changes
affecting the industry, such as fluctuations in oil and natural gas prices and
production, the availability of alternative energy sources and the application
of government regulation.