Up some today...maybe we'll get a field update soon from the Nov 8 PR....
Operations Update:
CHOATE LEASE, Hardin County, Texas: The Company-operated Batson field, located 25 miles northwest of Beaumont, Texas, has been returned to full production and is currently producing approximately 110 gross and 60 net barrels of oil per day. The Batson field lost electrical power and was shut-in for approximately 30 days due to Hurricane Rita.
IRA UNIT, Scurry County, Texas: The Company has drilled a total of five wells in the Ira Unit. The second well, the Ira (1700' Zone) Unit No. 6719, is producing approximately 50 gross and 35 net barrels of oil per day. Three additional wells have been logged and completion operations are underway. Production from the initial two new wells has increased daily oil production from the Ira Unit by approximately 25%.
BALL LEASE, Palo Pinto County, Texas: The Company plans to move a drilling rig onto the Ball Lease within the next two to four weeks to drill four new wells targeting several natural gas formations, the deepest of which is the Barnett Shale at 3,800 feet.
TOMBALL LEASE, Harris County, Texas: The Company is preparing to move a drilling rig onto the Tomball Lease within the next two weeks to drill three new wells targeting natural gas in several shallow gas-bearing sands between 150 and 1,000 feet in depth.
UNIVERSITY LEASE, Andrews County, Texas: The Company has re-entered an existing well to target oil production from the Queen Sands formation at a depth of approximately 4,900 feet. Operations are currently in progress.
BUGG LEASE, Burleson County, Texas: The Company has re-entered an existing well bore to deepen and test the Georgetown formation to an approximate depth of 9,000 feet. Operations are currently in progress.
About Tandem Energy Holdings Inc.
Tandem Energy Holdings Inc. is an oil and gas exploration and development company based in Midland, Texas. The Company's activities are focused on low-risk properties in Texas and New Mexico. Its common stock is traded on the Over-the-Counter Pink Sheets under the symbol "TDYH."
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
