Leucrotta Exploration Inc. recently tied in and started producing the 9-33 Lower Montney Turbidite Oil well that was completed with 51 fracs. The 9-33 well had an IP30 of 1,351 boepd comprised of 488 bopd of light oil, 4.5 mmcf/d of gas, and 118 boepd of ngls. This is 131% above Leucrotta's IP30 type curve of 584 boepd that is comprised of 213 bopd of light oil, 1.9 mmcf/d of gas, and 50 boepd of ngls. The A8-22 well (41 fracs) had an IP180 of 737 boepd comprised of 201 bopd of light oil, 2.8 mmcf/d of gas, and 73 boepd of ngls. This is 60% above Leucrotta's IP180 type curve of 460 boepd that is comprised of 139 bopd of light oil, 1.7 mmcf/d of gas, and 43 boepd of ngls. The A8-22 well (41 fracs) had an IP180 of 737 boepd comprised of 201 bopd of light oil, 2.8 mmcf/d of gas, and 73 boepd of ngls. This is 60% above Leucrotta's IP180 type curve of 460 boepd that is comprised of 139 bopd of light oil, 1.7 mmcf/d of gas, and 43 boepd of ngls. The 8-4 well (28 fracs) had an IP90 of 591 boepd comprised of 192 bopd of light oil, 2.1 mmcf/d of gas, and 54 boepd of ngls. This is 13% above Leucrotta's IP90 type curve of 521 boepd that is comprised of 172 bopd of light oil, 1.8 mmcf/d of gas, and 47 boepd of ngls. Leucrotta's 4-12 Lower Montney Turbidite Liquids Rich Gas well (49 fracs) had an IP90 of 685 boepd comprised of 130 bopd of condensate, 2.9 mmcf/d of gas, and 75 boepd of ngls. This compares to Leucrotta's IP90 type curve of 845 boepd that is comprised of 177 bopd of condensate, 3.5 mmcf/d of gas, and 84 boepd of ngls. Leucrotta had expected an uptick in production versus the curve given the number of fracs, however a mechanical failure during completion resulted in a material number of fracs being wholly or partially ineffective that resulted in suboptimal production conditions. The Company is highly encouraged by the performance of the well given the issues encountered.