ann. out

Only ann update on Kentucky.

Failry nondescript ann. in my view. It highlights a position of consolidation....closing some wells so as to concentrate on the producing ones and making sure they are not damaged. Cutting back from 180 bpd to 55 bpd.

This appears to be sound management strategy - making sure the goos e that lays the golden egg is not stuffed and put on the lunch table...so whilst dissapointing they have also taken the decision to shut off the water based well.

Some potential in new lease they acquired in April......

I guess ann is just to update all but it is neither positive or negative so probably find the SP wil drift downwards as people get bored........presents an interesting opportunity to buy more and wait for more drilling and enhancement of existing collateral.

Would try to post ann but quality of pdf is pretty poor and can't copy and paste text.

DYOR