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Re: Joseywales post# 40938

Monday, 08/27/2012 11:56:40 AM

Monday, August 27, 2012 11:56:40 AM

Post# of 116863
josiewales, probably conservative, as you also might want to add in some gas. So, the $450,000 in revenue might just jump to close to $500,000, and hey that's just one well. Don't forget that there is another well producing about 30bbls per day so that's potentially about another 850-900 bbls per month and that would bring in another $80,000 or so. Now if west Texas could come on with another 20bbls per day that adds another 600bbls and about another $50,000 plus. So the company is moving it forward. The real key will be drilling the first pad in east Texas. I know TECO management has stated they want to drill four wells per pad, each well to a different pay zone, but it seems like they might be able to accomplish the same with one well and perf it at the four levels. Now, that could be a honking well. If TECO management is close to right on their prediciton, that one well could be producing 1500bbls per day. Just one thing to say about that. BRING IT ON! Holy cow. That would add about, are you ready for this?, another $4,000,000 PER MONTH at about $95 per barrel. And they are going to drill four pads! You do the math.

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