We are expecting news any time now ie: Status of Operations o...

We are expecting news any time now
ie:
Status of Operations
o The Company is pleased to confirm that it has finalised its position in
the Louise prospect (Templet#1 well). The Company owns a 22.57% WI
and will be paying 19.26% of the dry hole well costs. The Energy Drilling
rig, which has been contracted to drill Templet #1, has been delayed
on its current well and is expected to be on the Templet location
before the end of July 2014. The Templet #1 well is targeting 600,000-
800,000 bbls of oil in an updip segment of a proven oil bearing
compartment.
o Installation of production facilities are progressing well at West
Klondike. The operator has advised of minor delays and anticipates
production to commence end of July 2014 and the project continues
to be within budget. The well tested flow rates above 2mmcfg/d and
associated condensate.
o The Company is pleased to advise that the Abita recompletion has
been finalised in the upper 18 sands. The well is presently cleaning up.
The upper 18 sand is likely to contain 400,000 mcf and 8,000 bbls oil.
The Company will report again on this operation once stabilised rates
have been achieved.