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Re: A deleted message

Sunday, 06/23/2013 2:06:34 PM

Sunday, June 23, 2013 2:06:34 PM

Post# of 116865
I suggest reading the TECO PRs from April 2013 to present so that you have current information and better understand the chart. We can all look at the chart and see the PPS declined throughout 2012 and into early 2013 based on lack of significant revenue, as you mentioned. The last 2 months have marked a different story for TECO and we will not see that reflected in the financials for quite awhile. The production from Mitchell #3 and #4 alone are more than all of the other wells TECO pre-June 2013. More wells are rumored to be coming online shortly. The Supreme Court of Belieze also made a favorable ruling for TECO on Friday and if SJ#3 is commercial, we will hear that in the next few weeks. This is why the PPS has rallied over 300% in 2 months.
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