RE:Indexing & Sustainability A couple details that weren't included in TheGreatGazoo's summary:
By January 1, 2018 five wells, comprising one existing well and four new wells, had been tied in to the Company's existing pipelines and added to production. The other new wells, which are further from the Company's existing pipelines, are expected to be tied in during the spring of 2018.
Three of the new wells will be on production for three months after which production is required to cease whilst the mandatory reserves evaluation and reporting process is carried out.
There is also a need for repairs and parts replacement at the compressor station to increase capacity which the Company plans to do during 2018. Until these works are carried out the overall production increase from the new wells will be limited by existing compression capacity.
Given the need to cease production from certain wells whilst reserves evaluation and reporting takes place and the need for compressor repair and replacement works, it is anticipated that optimum production levels from all the new wells will be achieved towards the end of 2018.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.tpl&postid=27339832#bbdIfxUd8UC5uCFV.99
So, while it's all good news, it isn't as good as it could have been.
Regards,
TDON