operational advisory 23/1, page-14

Its still early days but looks promising.

The increase of oil from 21st to 22nd of 18 bbls is 16% for just one day !

If its now at a 30% oil cut with 131bbls does that mean if it got to 100% oil cut we could expect 393bbls ?

I cant quite remember what volume the down hole pump has but I think it was about 400bbls so if the oil slowly increases to that figure then it has perfomed as well as expected.

I also expect it could have a slow decline curve.

It looks to me like it could be a comercial well even at current rate of 131bbls=47815/year at $90bbl gross =$4.3mil and if the oil cut increases it could become a good well.

I think its a good result for our first well and better than I expected after all the waiting.

My guess is that this is enough for HAL to continue the JV and could this also be the first comercial well in this corner of Goshen WY?

Well done SSN.