Cuda Oil and Gas Inc. release the results of its December 31st, 2020 Oil and Gas Reserves Evaluation for Wyoming and Alberta. Cuda recorded significant progress in maturing its major asset at Barron Flats Shannon Secondary Recovery Unit ("SSRU") in the Powder River Basin of Wyoming. In the 2020 Reserves Report, Ryder Scott has identified significant increases to the Company's estimated Proven Developed Producing ("PDP") reserves, increasing by 77% as compared to December 31st, 2019. This third-party validation of the Company's asset confirms the positive performance of the miscible gas flood project and remarkable accomplishment by the Company to dramatically increase PDP reserves in an extremely volatile environment. Despite the challenges posed by Covid-19 and the volatile price environment, gas flood injection volumes exceeded over 1 billion cubic feet of gas equivalent into the SSRU with eight gas injection wells online at year-end 2020. Initial production response has been notable in 19 of the 33 total producing oil wells in the gas flood area with the two most advanced injection patterns in the south eastern section of the pool (the William Valentine and BFU 11-26 Patterns) receiving almost 50% (500 million cubic feet) of total injection volumes. Supported by the reservoir simulation projections, production in these patterns have increased sharply, from 167 bbls/d in January 2020, to 456 bbls/d in January 2021. This represents an increase of 289 bbls/d or 173% year over year incline excluding new production drilling. The SSRU joint venture partners are planning an aggressive injection ramp up starting April 2021, should oil prices gain upward momentum.