I believe your referring to the simplest and most transparent form of a P&D. There are lots of variations that can turn a pump into a dilution model that lasts years. TECO is worriesome in many many ways. You'd think they would be doing more than 8 BOPD by now. PR's about LOI's are especially weak. Especially when no details are given regarding remuneration or timelines. Not even an 8K to support it. I cant even make this stuff up.