Ann: SM71 F2 & F4 Operations Update and SM69 E2 Production Update, page-3

Not good F#4 basically done and E#2 production down to 870bopd (-25%), do any holders believe the company’s call about E2 production potentially going up as the water drive mechanism kicks in ….

Starting to sound a lot like G#2 a lot of excuses being offered - pressure down to 635psi from 840psi in initial comms a month ago.

reduced performance has reduced E2 net cashflow down to $55k from $70k might take some time to repay those well costs at this rate.