PetroShare Corp. provided an update on its operations in the Wattenberg Field in the Denver Julesburg Basin in Colorado. Operations Update: All 14 wells on operated Shook Pad were completed and brought into production or flow back testing by the end of September as expected. However, due to midstream takeaway capacity constraints associated with compression expansion, the Shook pad has not yet reached its peak production potential. Tubing pressures on the wells remain robust and the company is confident that the production will increase on the pad once the midstream company has finished its compressor expansion project. In the meantime, the company continue to produce 3 to 6 wells on a rotating basis through existing production facilities as pipeline pressures allow. To date, the company have an average 24 hour, peak production rate of 445 BOED per well on the Shook Pad. Also, it appears to management that the Niobrara formation wells are still cleaning up and may have an increase in peak production. The company now forecasting that production rate in the third quarter will be between 1,150 and 1,250 BOED, and in the fourth quarter the company estimate production will range between 2,000 and 2,600 BOED, depending on the midstream pipeline pressures and well performance for the remainder of the quarter.