Point Loma Resources Ltd. provided the operational update. Highlights: Tie-in of 5-31-55-6W5M Nordegg new pool discovery well is complete and production commenced on December 22, 2016. Point Loma achieved an average production rate of 570 boe/d during the period of December 24 - 31, 2016. The composition of the production was 58% oil and NGL's. Two existing wells were down during this time period and Point Loma is also continuing optimization of the existing base production. This higher than forecast production mix of liquids versus natural gas will yield improved netbacks for Point Loma. Point Loma is continuing with the tie-in plans for the Thorsby 11-18-49-1W5M Glauconitic well in early 2017. An initial producing rate of approximately 100 boe/d is expected. The Corporation is working to re-activate previously suspended production of approximately 120 boe/d in the Leaman area through existing infrastructure. Point Loma intends to initiate drilling operations in the first half of 2017 which will begin the evaluation of significant horizontal drilling inventory. Point Loma has achieved another step in production increases with the tie-in of the 5-31 Nordegg well which will set up additional development drilling in the West Cove area of central Alberta. Point Loma is continuing to optimize the production from the 5-31 well as there are significant gas and fluid volumes being produced. This will be an ongoing process during the early production stages.