producing beyond expectation

Corporate presentation released today

1st thing that stands out for me is production numbers from A5 + A6, was expected to be running at 7.3mmcfd but it seems they are producing at 9.8mmcfd
thats about 25% over expectations
Water production seems within expected limits also

2 x wells planned for Q1 2010 (well A8 + A1)

Plenty of pretty pictures there LOL

Basic gist of presentation highlights the advantages that small companies have when relieving large companies of what are considered marginal assets. These assets may have been considered unworthy by Mobil but Triangle has demonstrated that with the right approach these assets can be quite lucrative to a small operator with the right experience.

If they can successfully bring on the next 2 wells i guess conservatively we will be looking at production of around 15mmcfd+ with no debt = positive cashflow to finance further workovers and drilling for some of those known shallow oil plays

Giddy up