Not too bad IMO.
"• Average production for the quarter of 572 barrels of oil per day (“bopd”; • Production was slightly lower than prior quarter mainly due to adverse weather conditions in Trinidad and limited storage capacity at the Beach Marcelle field; • Independent consultants engaged to undertake a new exploration study on the St Mary’s block. The study will be used to firm up future work plans for the block and confirm its potential; • New geotool acquired with studies expected to lead to a future shallow drilling campaign on the Morne Diablo block; • Accelerated work programme on the South Quarry block commenced, aimed at increasing production; • Data collection and reservoir monitoring of the waterflood continued with a view of expanding the project; • Corporate restructuring of Trinidad business underway, aimed at reducing costs, improving competitiveness and assisting with winning new contracts for RRDSL; • Wells reopening and studies continued in Indonesia; • Agreement signed to pay the interest of US$1.6 million due under the convertible note by way of issuance new ordinary shares, subject to shareholder approval. The Notice of Meeting is expected to be published and sent to shareholders in early February; and • Cash and liquid assets position of US$5.8 million (unaudited).
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; • Production was slightly lower than prior quarter mainly due to adverse weather conditions in Trinidad and limited storage capacity at the Beach Marcelle field; • Independent consultants engaged to undertake a new exploration study on the St Mary’s block. The study will be used to firm up future work plans for the block and confirm its potential; • New geotool acquired with studies expected to lead to a future shallow drilling campaign on the Morne Diablo block; • Accelerated work programme on the South Quarry block commenced, aimed at increasing production; • Data collection and reservoir monitoring of the waterflood continued with a view of expanding the project; • Corporate restructuring of Trinidad business underway, aimed at reducing costs, improving competitiveness and assisting with winning new contracts for RRDSL; • Wells reopening and studies continued in Indonesia; • Agreement signed to pay the interest of US$1.6 million due under the convertible note by way of issuance new ordinary shares, subject to shareholder approval. The Notice of Meeting is expected to be published and sent to shareholders in early February; and • Cash and liquid assets position of US$5.8 million (unaudited).
