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PDC places a high value on corporate governance. The Company has established controls and procedures to ensure that material information relating to the Company and its consolidated subsidiaries is made known to the officers who certify the Company's financial reports and to the other members of senior management and the Board of Directors.

The Company is in compliance with all applicable rules of NASDAQ and the Securities and Exchange Commission. PDC recognizes that establishing strong corporate governance ensures the continuing objective of achieving long-term value to our stockholders by adhering to the highest level of ethical standards. We are dedicated to maintaining the high standards of financial accounting and reporting that we have established. The Company will continue to act with honesty and integrity in all of its business dealings. Key governance actions taken by PDC include the following:

We will continue to evaluate our corporate governance policies to ensure that they reflect our commitment to good corporate governance.