Carcetti Capital Corp V.CART.H

RE:Production has resumed in RK field

[Bobwins]

Cub needs to get RK back online.  Missed Q4 deadline badly.  Production totals from RK may be less than you think.  When they were producing before at a 15% discount, they were counting nitrogen in volume of gas produced.  After NRU is installed and operating, they will only produce ngas within pipeline specs and will not be paid anything for the nitrogen or count it in the boepd.  

So boepd will definitely be less than when they stopped EXCEPT as you point out, they may get additional production from the workovers and production may have been rising when they stopped producing so startup boepd may be more than the Q1 average.  

Looking forward to seeing 100% production from RK field and actual numbers soon!