4Q18 production in Turkey was 623 boe/d with a 2018 exit rate of 777 boe/d. The reference gas price in Turkey has increased to C$9.18/mcf in 4Q18 (C$6.65/mcf in 3Q18). At YE18, the company held C$59.5 mm net working capital (and no debt). YE18 2P reserves were 7.35 mmboe. At Inanli-1, fracking and testing operations are expected to commence in early 2Q19 and could extend throughout the quarter.
