Market Reaction: Slightly positive. These flow results continue to demonstrate the quality of the South Lockichar Basin. Though not as high as the initial flow rates of 5.6 mbbl/d and 6 mbbl/d at wells Amosing-1 & 2A, a 4.3 mbbl/d EWT is still encouraging and more than double the 1-2 mbbl/d IP rates the Company is guiding at for its development concept, a range we believe is conservative. We also note that the EWT flow rate was constrained.
