sandraw south april production less than 200 b, page-5

Myman,

As Davo points out and as previously announced in the last quarterly report, Prod during April was affected by the problems with #11 well. Two points from the last qrt below that explains this;

* Gross oil production for the quarter was 20,576 barrels (YTD
35,787 barrels). Oil sales volumes are up 108% on the previous
quarter.
* Mechanical difficulties associated with the # 11 well throughout
the quarter have been resolved and the well is now back on line.
At the end of April Elk gross production has been re-established at
approximately 300 BOPD.

So at the end of April Prod was back to 300 BOPD. Plus don't forget the re-completion of the #1 SDS well has occurred. So therefore Prod is now above 300 BOPD.

I would think they are waiting for the approval from Land Management for the Upper Sands prior to an updated ann about increased Prod rates and drilling commencing.

Price movement will be positive on the back of this news and it is not far away.