"So this banter about having high interest is very strange to me. No matter whether you have 10% or 100% WI you want the highest flows possible to make the wells economic. You want and need profitable ROI."
not if someone comes along and buys the lot off you
not if you want to farm out your acreage at a later stage of development at more attractive terms
people talk a lot about how much acreage some company has
Im no expert but I would think acreage is a combination of quality/productivity, quantity and beneficial/working interest, not just quantity
TXN probably isnt the next AUT for some time, it has too high a working interest right now which means high expenditure on horizontal wells will hamper progress
fortunately one can drill a cheap vertical to at least have an idea of what lies beneath
TXN Price at posting:
70.0¢ Sentiment: None Disclosure: Not Held
