From April 2018 Grieve oil production commencement announcement,...

From April 2018 Grieve oil production commencement announcement, oil production estimated at 1100-1200 BOPD. Today’s announcement is TOTAL 1000 produced since April. Lots of water though. In April, initial oil sales May 1. Today’s announcement is first transfer of oil to fill the pipeline is Aug 1. How long will it take to fill the pipeline and what is the new estimated date for first Grieve oil sales?

Why no mention of this at all?

Who are these VSO Peteoleum Comsultants?

So does BradL and his team get more stock options as reward for being so far off?

Here are 2 paragraphs from the April announcement:

“First oil production is expected to be in the range of 1100 to 1200 barrels of oil per day (“BOPD”). The Company’s independent petroleum engineers and reserve auditors for the Grieve Project, VSO Petroleum Consultants, Inc. (“VSO”) has projected that base case 2P reserves gross production is expected to increase to approximately 2100 BOPD by CYE 2018 and achieve a peak gross production rate of over 3400 BOPD within the first 13-months. VSO has also estimated that upside gross production rates could be as high as over 3500 BOPD under a 3P reserves case and over 6000 BOPD under a 3C contingent resource case.

Grieve production will initially fill the Grieve Crude Oil Pipeline (100% owned and operated by Elk) in stages taking approximately 10 days. After completion of filling the Grieve Crude Oil Pipeline, all the Grieve CO2 EOR Project oil production will be shipped via the Grieve Crude Oil Pipeline and oil sales will commence via Enbridge Inc.’s Express System Crude Oil Terminal and the Platte Crude Oil Pipeline facilities at Casper, Wyoming. Initial crude oil production will be sold to the Sinclair Crude Oil Refinery at Casper, Wyoming. Initial oil sales are expected to be made by 1 May 2018. Under the restructured JV agreements negotiated in 2016, Elk will receive 75% of the operating profit from the first million barrels and 65% from the second million barrels produced.”