with the third efs well now flowing to sales, and some ip and stabilised flow reports to come, its a better image today than a short while ago
would like to see some schlumber down under myself.
still feel the wilcox target has some great potential in the very near term
"In about 10 days time, we expect to spud a Wilcox well near our Teal well to test the oil shows seen in the Wilcox sands in several of the Companys Leighton / Mosman wells. The Wilcox targets occur between 5,600' and 6,400' deep - about 3,000' shallower than the Olmos. Log analysis by NuTech (a log analysis specialist company which analysed Texons Eagle Ford reservoirs as well as working for numerous other companies) suggests possibly some 80' of pay in our Teal well on the Mosman lease. NuTech also indicates Wilcox pay in several of our Leighton Olmos development wells. The Wilcox test will investigate whether there is commercially producible oil in the Wilcox on our leases as there is in nearby oil producing Wilcox wells. A positive result could significantly enhance the value of the Companys Leighton and Mosman area leases."
also....
At the end of 2010 the Proved, Probable and Possible Reserves attributable to the Company were 6.7 mmboe. Since then the second Eagle Ford well has been drilled and is in production.Our mid year 2011 reserves are likely to be significantly increased and we expect to make an announcement in the next week or so.
Results from fraccing and testing the Companys third Eagle Ford well should be available in two weeks time. The fourth Eagle Ford well should reach its total depth about the same time with fraccing and testing scheduled for October.
hmmmmmm
might be a a good few months of news and more news very close by about to flow..
reserves flow rates wilcox spud
TXN Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
