Sit tight tdbowieknife, by about this time next week, they will have cleaned out the first well and should have it cased. After that they will do a wireline test. By Friday next week, if all goes timely, you should have your answer as to whether TECO has a productive well. Of course you do understand that a productive well doesn't really have to produce much oil on a daily basis, don't you? So you might want to qualify your productive comment with some quantity. But then, that would just be your preference, wouldn't it? Since TECO has identified some 85 potential well sites, then heck, if each one only produced say 30 bbls per day, that would give us about 2500 bbls per day if they drilled them all within about three years. Not a bad production volume. Of course, if it is a good deal more, then so much the merrier. Cheers.
PS: And don't forget that TECO has only evaluated about 10% of their holdings.