news, page-15

please guys and girls read the announcement. They are not producing normal gas and oil production. GPA deal takes out all the heavy gasses and they are sold, heavy gas is 8 to 10% of gas production. The well isn't on full production test yet. They would have announced that. Infrastructure is in place for a production test, but nothing has been announced except for some cashflow from heavy gas sales.

"The Colorado Pathfinder Processing plant started producing product on August 9, 2014. This plant will extract
heavy liquids from the gaseous product and also ready the wells to produce pipeline quality methane gas. The
Niobrara #1 Horizontal well produces approximately 8% to 10% heavy gases."

As the announcements says "ready the wells to produce pipeline quality methane gas". There is no pipeline yet, so methane gas and oil sales haven't started yet.

Have to be really careful in what management write, they are like politicians. In essence what they have is a fully functioning plant that they have tested to see if heavy gas could be extracted, and it can, and they are selling that at the moment. That's what I can gather from the announcement