Operation update 13 July

Very pleasing report again and more upside to come!

13 July 2018:

We are seeing strong oil and gas production growth in our four new wells drilled from the Hovencamp pad as they build towards peak production. Currently the four wells are averaging approximately 800 barrels of oil equivalent per day each. We expect the production rates of these new wells to continue to grow and reach their peak production levels within the next week or two. We are very pleased with their performance so far, including the very high percentage of higher value crude oil as a part of the production mix.
The Wilson 1H well, which had been temporarily shut-in during the completion operations of the nearby Hovencamp wells, is also continuing to increase its oil and gas production volumes. The Wilson 1H is still producing large amounts of water, but is currently producing approximately 70 barrels of oil equivalent per day and continuously improving as it returns to its pre-shut in levels. As we previously reported, the adjacent Wilson 2H well had returned to its pre-shut in production levels in late June and is currently producing approximately 275 barrel of oil equivalent per day.