This one should show the cash get thumped as they pay for the drilling of both the big horizontal wells and the fraccing for at least one of them. No in bound cash from the first EFS (about 60 days delay from production to receipt)
the next quarter will have payments for - maybe one fracc (if not in this one) - 3 olmos verticals (Scarborough 100Bcf potential, Coolangatta 16-27Bcf potential, + another)
and receipts from - 1.5 to 2 months of receipts from the first EFS - maybe 0.5 months of the first new olmos vertical
TXN Price at posting:
66.5¢ Sentiment: Hold Disclosure: Held
