|Page 2 of MD&A:|
The company’s main natural gas field in Pennsylvania remains shut-in due to third party pipeline issues. We are advised that a senior company in the immediate vicinity of the property is constructing a new pipeline to connect with the main sales pipeline. WE are hopeful this field will be back on production in the fall of 2017.
Page 4 of MD&A:
OSED Petroleum Inc, a wholly owned subsidiary, has a 100% working interest – 75% net revenue interest in 42 wells and a 50% interest – 37.5% net revenue in an additional well in this Appalachian natural gas field in Indiana County, Pennsylvania. These wells have been shut-in since late 2014 due to pipeline issues
Pro-Am also 51-101(May 2017 on Sedar) – Shows that the company has almost 1 million net MMCF in natural gas reserves.