estimate for tex's coming 1/4rly report @ eom, page-2

Hi, lautrec,

Thanks for your post.

"And staying rough with the clacs, i expect to see revenue in excess of $280,000minimum and $380,000max - if we are in for a surprise."

However I cannot follow you on the above reckoning.

TEX now producing 110boed, 90 days roughly returns 9900 Barrels of Oil , which is worth between A$ 0.7-0.8 million.(without Highway 71)

we could expect annual revenue around A$3 million, which is doubled compared with last year..(without Highway 71)

More importantly, we should keep eyes on ATP 587. Donot forget TEX's chairman is managing this project now.

I believe ATP 587 is TEX's next major project, potential 33 mmbbl oil, 680 BCF gas.