Quattro Exploration and Production Ltd QEXXF

June production numbers are in.

[elgaveeno]

Milo/Clarke Lake appears to be shut in sometime in June. Only 13 days of operation. Average prodcution in June net to QXP for this area is around 280 BOED. No production from Sask. Relatively flat for the balance of their operations. Exit  Q2 production estimated to be 1,145 BOED. That's 26% less than the July presentation numbers. I would call that material. Investors should be asking why Milo/Clarke Lake is shut in and what impact it has on revenue.

I predict a loss in Q2 from factors including lower revenue, higher op costs, and settlement costs.