Ann: Production Underway at Ludwick No. 1 Well - , page-6

re: Ann: Production Underway at Ludwick No. 1... Don't get me wrong Pominoz, Ludwick No.1 certainly does look promising but I'd prefer to see continuous flow rates. I may be wrong but shutting the well for 16 hours every day may result in pressure buildup that may cause the flow rates looking better than they actually are. Hopefully I'm wrong. I personally prefer to err on the side of caution to avoid disappointment.

Other producers in the area are averaging 100bpd so for me, anything above that is a bonus IMO.

Our share price closed quite strongly yesterday compared to the overall market. Hopefully its because some good news has leaked regarding Balder at our Snake River Mississippi Lime Project in Oklahoma. An update on Balder should be out anyway now IMO.

All the best with your holding.