InvestorsHub Logo
Followers 12
Posts 1245
Boards Moderated 0
Alias Born 12/04/2005

Re: tdbowieknife post# 33412

Thursday, 06/07/2012 12:49:01 PM

Thursday, June 07, 2012 12:49:01 PM

Post# of 116863
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.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.