Lippincott#17 - Updates from field
We finally received approval on all R-4 permits to have our gatherer pick oil on all leases beginning this week. So, our revenue stream has begun and we need to reclassify our field as "Stripper Field".
I have no production figures presently and will update production for you.
We are still waiting on three electric pumps to enable us to produce more wells on our leases. Equipment is still hard to come by and one motor just came today out of the three we ordered.
Thanks to all of you for being patient during this time.