Icewine #2 permit allows for up to 6 months production test to...

Icewine #2 permit allows for up to 6 months production test to assess production profile (decline rates). It is a 'vertical test' and so the flow rates will be a fraction of what would be expected in a horizontal production scenario - but we will technically be producing some nominal volumes over this period. If it flows at 150 bopd initially, and even if it only declines 30% in first 6 months - then (assuming a linear decline for simplicity) we would produce around 23,000 bbls over the production test period. Revenue for this is a little over $1m. Relatively speaking, chump change. But will be nice to 'celebrate' in the quarterly 4c reports.

But if 2V flows, we may also see a horizontal later drilled and then flow tested (2H), as per the permits. Should get a few more million dollars banked from that oil. But again, this all neither here or there when stacked up against the dollars needed under any scenario going forward. IMO.