The Quarterly was short and sweet .The highlight is definitely...

The Quarterly was short and sweet .

The highlight is definitely that we have now received revenue from Hilcorp.

This did not happen in the December Quarterly, but has just happened in January of this year.

We've received $95,000 for part month November production from Luna-1H and May-1H and the company is anticipating to receive $235,000 from December production of Luna-1H, May-1H and part month production of Urrutia-1H, which we will receive in Febuary.

First revenue from our farm-in wells is anticipated to be received in this current quarter.

There is also information out that the company is pleased of happenings around their Magueyitos acreage.

It is fantastic that we are now receiving revenue, that is most definitely 1 box ticked.

The second box I wanted to be ticked, was a statement which hopefully would have said "we are on the market for more acquisitions", however nothing about this was said in the quarterly.

I'll try and send off an email in the coming days and hopefully see whether the company is pursuing more assets. I'm not sure if I'll get an answer or not, as they mightn't be allowed to say this off-market. We'll see.

Overall, I believe this definitely was a positive quarterly for the company. The 'first revenue' part is certainly a milestone for the company.