Replies to post #3566 on Citadel Exploration Inc. (fka COIL)

[hamilton]

The 10Q was filed today and provides a bit of an update along with the obvious implied going concern warning.

"In June of 2016, Citadel completed its facility upgrades; the new facilities have production capacity of 500-700 BOPD. Citadel drilled three wells in June and returned to production 9 idle wells. Production from the new wells continues to increase as the wells clean up. As of November 15, 2016 the Company was producing 50 to 75 barrels of oil per day. The Company is currently working on purchasing and or renting a steam generator, to begin cyclic steaming operations in the 4th quarter of 2016. The Company believes that cyclic steaming of the existing wells, should double its current production."