junior oilers 12/13 april, page-15

re: update on arq Thanks for the update Dist.

ARQ's Quarterly & Cash Flow will be out at the end of this month. The 5000 BOPD won't be included in the latest quarter but from here on the full production will look very good in their reports. Oil price down somewhat however.

Eremia production testing production also no dount to kick in from this quarter.

ARQ has a great future especially when you consider the future prospects to be drilled later in 2003.