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Abstract
Mooncor's second well at Lloydminster has been put on production. Both wells are being restricted to 25 bopd each (40 bopd net to Mooncor). Sand production issues continue but are showing signs of improvement. Once the sand issues are mitigated, well production will be increased to produce at higher rates of up to 100 bopd each (160 bopd net to Mooncor).
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Mooncor believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as may be required by applicable securities laws, Mooncor disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.