Optimization projects at the Hiswah field have increased crude oil production resulting in gross production volumes for the last five days of the quarter averaging approximately 5,800 bpd for Block 9.

Production curtailments at Ras Nowmah for eleven days in March due to truck shipment security issues, together with a full production shut-down in February due to blockades around the Company's central processing facility and an unrelated strike by workers who operate the third party crude oil export facility negatively impacted average production volumes in the first quarter.

Average gross production volumes for the first quarter are estimated to be approximately 3,800 bpd with the Hiswah field contributing approximately 2,600 bpd and the Ras Nowmah field approximately 1,200 bpd.

Tags: Calvalley Petroleum Inc., Calvalley Petroleum Inc.