lotm, we need to consider that rates have actually more than doubled from the original 30bopd to 67bopd. Also work is still ongoing to optimise rates so this could potentially increase again. I think management learnt alot from that drill and will look to take a different approach for any future holes within that lease. We know there is plenty of water, but we do have boa 12#2 (i think) that is being used for water disposal.
anyway, we are targeting new and highly encouraging ground as I write. Interest will filter in again, the impatient will leave to make money elsewhere, but it's only a matter of day/weeks and TEX will be in flavour.
TEX Price at posting:
9.7¢ Sentiment: ST Buy Disclosure: Held