lotm, we need to consider that rates have actually more than doubled from the original 30bopd to 67bopd. Also work is still ongoing to optimise rates so this could potentially increase again. I think management learnt alot from that drill and will look to take a different approach for any future holes within that lease. We know there is plenty of water, but we do have boa 12#2 (i think) that is being used for water disposal.
anyway, we are targeting new and highly encouraging ground as I write. Interest will filter in again, the impatient will leave to make money elsewhere, but it's only a matter of day/weeks and TEX will be in flavour.
- Forums
- ASX - By Stock
- TEX
- great progress report
great progress report, page-7
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TEX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online