b'Item 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureNone.Item 9A. Controls and ProceduresEvaluation of Disclosure Controls and ProceduresAs of the end of the period covered by this report, an evaluation of the effectiveness of the designand operation of the Companys disclosure controls and procedures (as defined in Rule 13a-15(e)under the Securities Exchange Act of 1934, as amended (the Exchange Act)) was performed underthe supervision and with the participation of the Companys management, including our ChiefExecutive Officer and Chief Financial Officer. This evaluation considered the various processes carriedout under the direction of our disclosure committee in an effort to ensure that information required tobe disclosed in the SEC reports we file or submit under the Exchange Act is accurate, complete andtimely. However, a control system, no matter how well conceived and operated, can provide onlyreasonable, not absolute, assurance that the objectives of the control system are met. The design of acontrol system must reflect the fact that there are resource constraints, and the benefit of controls mustbe considered relative to their costs. Consequently, no evaluation of controls can provide absoluteassurance that all control issues and instances of fraud, if any, within our company have been detected.Based upon this evaluation, our Chief Executive Officer and our Chief Financial Officer concluded thatthe Companys disclosure controls and procedures were effective as of December 31, 2018, in ensuringthat information required to be disclosed by the Company in the reports that it files or submits underthe Exchange Act is recorded, processed, summarized and reported within the time periods specified inthe SECs rules and forms, including that such information is accumulated and communicated to theCompanys management, including our Chief Executive Officer and our Chief Financial Officer, toallow timely decisions regarding required disclosure.On September 14, 2018, we completed the acquisition of Deep Gulf Energy (together with itssubsidiaries DGE). We are in the process of integrating operations of DGE and affiliated entitiesrelated to this acquired business (DGE business), including internal controls over financial reportingand, therefore, managements evaluation and conclusion as to the effectiveness of our internal controlover financial reporting as of the end of the period covered by this Annual Report on Form 10-Kexcludes any evaluation of the internal control over financial reporting of the DGE business. The DGEbusiness accounted for 37% of the Companys total assets and 17% of total revenues of the Companyas of and for the year ended December 31, 2018.Evaluation of Changes in Internal Control over Financial ReportingThere were no changes in our internal control over financial reporting that occurred during ourmost recent fiscal quarter that materially affected, or are reasonably likely to materially affect, ourinternal control over financial reporting.Managements Annual Report on Internal Control over Financial ReportingOur management is responsible for establishing and maintaining adequate internal control overfinancial reporting. Our internal control has been designed to provide reasonable assurance regardingthe reliability of financial reporting and the preparation of our financial statements for externalpurposes in accordance with U.S. generally accepted accounting principles. All internal control systemshave inherent limitations, including the possibility of human error and the possible circumvention of oroverriding of controls. The design of an internal control system is also based in part upon assumptionsand judgments made by management. As a result, even an effective system of internal controls canprovide no more than reasonable assurance with respect to the fair presentation of financial statementsand the processes under which they were prepared. Also, projections of any evaluation of effectiveness158'