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Cautionary note to U.S. investors regarding oil and gas reserves
The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this web site such as "probable", "possible" or "recoverable reserves", that the SEC's guidelines strictly prohibits us from including in filings with the SEC.
Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888, available from us at :
Total American Services
100 Pavonia Avenue, Suite 401.
Jersey City, N.J. 07310,
You can also obtain this from the SEC by calling 1-800-SEC-0330.
Cautionary factors that may affect future results
The documents in this site may contain forward-looking statements with respect to the financial condition, results of operations, business, strategy and plans of the Total Group. In particular, statements using the words " expects ", " anticipates ", and similar expressions, and statements with regards to management goals and objectives, expected or targeted production data, or trends in results of operations or margins are forward-looking in nature. Such statements are based on a number of assumptions that could ultimately prove inaccurate, and are subject to a number of risk factors, including currency fluctuations, the price of petroleum products, the ability to realize cost reductions and operating efficiencies without unduly disrupting business operations, environmental regulatory considerations and general economic and business conditions. Our annual report on Form 20-F contains further details regarding such assumptions and risks.
The Group does not assume any obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise. Further information on factors which could affect the company's financial results is provided in documents filed with the Commission des Opérations de Bourse and the US Securities and Exchange Commission.
Certain financial data contained in this site was prepared by combining the historical results published by Total Fina and Elf Aquitaine. They include unaudited financial data which has been adjusted by applying French accounting principles to historical financial statements of Elf Aquitaine. Under U.S. accounting principles, the pro forma financial data would be substantially different, in part because the combination of Total Fina and Elf Aquitaine may, and the combination of Total and Petrofina will, be required to be treated as a purchase rather than as a pooling of interests.
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