TEX target energy limited

Have to agree with Aman2TEX are terrible at forecasting...

  1. 5,038 Posts.
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    Have to agree with Aman2

    TEX are terrible at forecasting timescales.

    1st Darwin well was meant to be in production within 6 weeks. Here we are 10 weeks on and no news.

    Drilling was meant to start late October, we are now getting on towards mid December and still they haven't started work on the 1st of these 3 wells.

    Sad, to say but they are simply far to optomistic about how long things will take.

    BOA#12 still never had a further update on its progress, most likely because it is not performing that well despite all the hype that surrounded the Devionian.

    I don't expect much from the 1st re-entered well.

    The second and third wells are the real important ones, where they need to get good production.

    I just hope they are signing up leases EAST of Darwin, because that is where they can add real value with success on wells 2 and 3.

    LOTM
 
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