Latest news about the Ritchie Waterflood Unit..

May 28, 2020: Latest news about the Ritchie Waterflood Unit..

Spent all the money. Have 3 of the 5 wells producing – still need to pull the pumps on #9 and #17 and get them pumping. We are currently making 1-2 bbls/day oil. The 4 injectors are working properly but we are only making 6-8 bbls/day water. Our gas purchaser(Colt Midstream) has a compressor down right now and it won’t be fixed for a week. We have very high line pressure so the Ritchie 1 can’t sell any gas until they get it fixed.

G