East Chalkley is preparing for flow tests, I assume both oil zones will be tested for flow rates, we should be getting news here shortly.IF East Chalkley lives up to expectations we should get around 400 bpd. IF we get these flow rates then this will add around US$4,000,000 in annualized revenues to TEX.
Bandito is probably several hundred meters from its target depth and drilling ahead. News is probably at least a week away here. good luck to all longs
TEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held