Ann: Vertua Placement & Capex Expansion, page-2

The behind pipe and other structural improvements that will lead to a ~26% production boost over time is great to see, but more importantly I like the wording: " . . . from the current production of 300 boepd . . . . " After all the hype and all the waiting, the 10-fold increase in production is now in place. The 30 boepd days are gone - 300 boepd is the current output.

As I noted in a previous post, tangible changes like these are far more meaningful than aberrations in the oil price. A spike in the oil price and the resultant spike in the share price is nice if you're a short-term trader, but in my view if you're in here as an investor then a sustainable 10 - 13-fold production increase is preferable.

I'm looking forward to seeing the next quarterly activities and financial reports, and the market's response.