The very nature of these wells is that they will deplete over time. You only have to look at MAD to see how many wells need to be plugged into a salt dome to have continued production.
asx:MAD March Quarterly Results "Blue Ridge Dome: Maverick drilled 21 wells on Blue Ridge Dome in the quarter ended 31 March 2013"
I believe this ann is a solid confirmation that TTE is on track, and will use the money made from oil production to drill more wells to make more money and so on...
This ann is not however a strong SP driver just a solid backing to the current SP.
Cheers, please DYOR
GEV Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
