1. Limited operational experience: Crestview Exploration Inc is a relatively new company and lacks the operational experience of its peers, which may impact its ability to effectively manage exploration and production activities.

2. Limited financial resources: The company has limited financial resources compared to its peers, which may limit its ability to invest in exploration and production activities and compete effectively in the market.

3. Limited asset base: Crestview Exploration Inc has a limited asset base compared to its peers, which may limit its ability to generate revenue and grow its business.

4. Limited market presence: The company has a limited market presence compared to its peers, which may limit its ability to attract investors and secure partnerships with other companies.

5. Dependence on a single project: The company's operations are currently focused on a single project, which may increase its exposure to risks associated with that project and limit its ability to diversify its operations.

6. Regulatory risks: The company operates in a highly regulated industry, and changes in regulations or compliance issues may impact its operations and financial performance.

7. Volatility in commodity prices: The company's financial performance is highly dependent on commodity prices, which are subject to significant volatility and may impact its profitability and growth prospects.