May = 8.2bopd @1.8% oilcut......Jun = 9.2bopd @2%...

May = 8.2bopd @1.8% oilcut......Jun = 9.2bopd @2% oilcut......Jul = 9.5bopd @2.4% oilcut. ...A 33% increase in oilcut in 8 weeks..

While the increase is only minor, considering the distance from #1 to #9, the size of the reservoir and the fact that less than 400bwpd is being injected into the lower Shannon the response was always going to be slow. I am interested to see the August numbers to see if this trend continues. To put it into perspective Elk have injected (ballpark) around 45,000 barrels of extra water into the lower Shannon reservoir that has seen 1.3mil barrels of oil produced and a significant amount of water that has been reinjected into the Upper Shannon.

Cheers