New from CFO Thank you. We are very excited about the CN-2 well and the production from the Ubaque. The Ubaque reserves have the potential to be very large. We will be preparing an updated reserve report after we complete CN-3. It will focus on the CN field. We expect that the reserve report will be complete in September.
It is possible to recomplete the C7 at a later date in the CN-2 well. It is also possible for the CN-2 well to produce from the Gacheta formation. Both zones were present and oil bearing. The company could also target these zones in future CN wells. We currently believe that we will be focusing on the Ubaque because of the huge potential of the reserves in this formation.
We will have a corporate update at a later date.
Thanks for your continued support, Ron.
Joe