Some outstanding flow rates considering they are...

Some outstanding flow rates considering they are verticals.

Cottonwood “A” No. 1 has achieved a 22-day initial production (IP) rate of 313 barrels of oil equivalent per day (BOEPD).

LIVE OAK NO. 2 Using the average GOR of 2,412 SCF/BO to estimate the previous, unmeasured gas production and accounting for the liquids rich 1.4 MMBTU/MCF gas, the Live Oak No. 2 has achieved a 16-day IP rate of 289 BOEPD.

ALOE VERA NO. 2 Accounting for the liquids rich 1.4 MBTU/MCF gas, the 24-day IP rate for the Aloe Vera No. 2 is 177 BOEPD.

RAY NO. 5 Yesterday was only the second day of measured oil and gas production with the well producing 178 BOEPD (100 BOPD and 336 MCFPD) when accounting for the liquids rich 1.4 MMBTU/MCF gas. A stabilized, 24-hour peak IP rate will be reported in a subsequent operational update.

Shame the markets are so twitchy at the moment, may have to wait for some consolidation in the markets and oil price before the buyers come in.

GLA