Ann: LA Basin Oil Field Acquisition, page-33

The deal provides Xstate entry to a share of existing production (450 barrels of oil per day1), access to high quality facilities, likely significant production increases, producing reserves growth and yet to be developed contingent resources at a low entry cost. The reserve and resource potential of assets will be fully described at the conclusion of Phase 1 due diligence.

that is a little over 3 weeks from now

Significant Lease Operating Expense (“LOE”) reductions have been implemented at Sansinena by the Operator since it assumed operatorship, through increased production volumes, field efficiencies and operating costs reductions. It is estimated that LOE’s are below US$15 barrel.

since they took over this field, which looks to be adjacent to the Whittier Main and West fields and it appears the field is going thought an ongoing LOE reduction program, with the field producing in september at 450 bopd. i wonder whether these improvements would continue to happen in the subsequent months since then.. a drilling strategy is also in place... what if they get the field up to 1000 bopd and start drilling new wells.. what are the numbers then and what will the reserves be to xst