1. Mr. Jones the property owner leased the existing Madeley Well #1 to TECO, it now has a 147BPD oil flow rate after 24hrs of a 48hrs flow testing period. (Flow of oil could increase in the future)
2. TECO will drill or job-out drilling in the area around the Madeley Well #1 for new wells. 3. Teco is now working for it's own first successful commercial drilling in Texas. 4. Teco has leases in East Texas and West Texas for potential oil production. 5. Financing has been arranged for the drilling projects.
As a large investor I want the Report Card accurate. Go TECO.
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