RB #2 will be the
first infill well on this 40 acre spacing between the
successful Smith #1 and Russel Bevly #1 wells.
The Atzam 4 production has continued during the March quarter. Rate to be
Announced!
The Company is well
advanced in its search for a high calibre oil and gas executive management team to drive the Company’s existing and future project opportunities.
As previously reported the Company is in
advanced discussions to complete a comprehensive farm out arrangement to ensure the Project is
fully funded for all short and medium term obligations. The process is
significantly advanced with the goal to ensure Citation maintains a
material interest in the Project after it is fully funded through significant Atzam and Tortugas development and exploration programs.
The Company’s securities will remain in suspension as per its request on 10 March 2015, as it looks to finalise a number of the
material events referred to above with respect to its corporate, project and management restructuring until 31 March 2015 or later, as required for completion of these matters.
Management team slowly getting things back on track, I know some large investors wanting in on Peter Landau's new diamond mine venture, subject to his skill here in getting things back on track and SP rising.
They are watching him closely.
GLALTH
(20min delay)