Ann: Operations Update - Project Icewine, page-45

Not what we wanted to be told, but it is a delay at this time due to weather constraints preventing the work program being continued.

Its not an abandon, so the JV must be encouraged by the data that they will work out an engineering solution to getting the flow kicked off one way or another.

Does seem like the formation is unable to expel the 11,000 ft column of frac juice at this stage, and a swab or a gas injection to lift the frac juice was always a possibility.

Would have been better if the conditions would have permitted this to happen continue now, but it is what it is.

We have waited patiently....some will wait patiently for the work program to continue next season...some wont.