Ann: Onshore Indonesian Oil Operations Update - October 2019, page-18

Here we are, sleepy Sunday afternoon.
Last week the share price was stuck in the .2/.3 range.
We are producing 1,000 bopd a great number.

Anyday we will get the flow rate for the ‘K’ strata which is expected to flow a bit north of a 1,000 bopd all by itself.

Then the ‘K’ oil will be put on production. This should bring our daily oil production up to 1,400 bopd.

This will make our market cap of $5/6M look pathetic.

I suspect a burst of buying activity and a steady improvement in the share price.

Longer term (months not years) we will buy into another oil field or drill one of the locations already selected in the current field.

Saltbus