TEX target energy limited

And managements nutshell re what i just said can be found in the...

  1. 8,606 Posts.
    And managements nutshell re what i just said can be found in the last few lines of todays announcments, where the announcment concluded:

    "the fraccing operations for the 1st Meek B sand are expected to start around the end of this week.
    Should the post-frac flow prove to be commercial, we will go straight into production from this zone"


    Managment know this region well - fracking was common to successful wells in the area and is historically effective here.

    So i think its fair to say its probable that we will only be 1 week away from seeing the direct sales of gasflows from our Meek1 sand layer.
    And its possible for us to see Meek2 sand layer joining the infrastructure, although it requires some stimulating to make it optimal. If that lower Meek2 sand layer requires more work to become optimal, then it will be done at a later date - due to the prospect of better oil and gas indications elswhere.

    - wikipaedia: Hydrocarbons can be gases (e.g. methane and propane), liquids (e.g. hexane and benzene), waxes or low melting solids (e.g. paraffin wax and naphthalene) or polymers (e.g. polyethylene, polypropylene and polystyrene).


    For a refocus on the indicated reserve in the Upper Wilcox zone (the easy zone), take a look at this annoucment:

    We are going to continue to drill down to test our primary and secondary objectives in the deeper Wilcox and Meek sands knowing that we have already intersected potentially commercial gas, said Mr Roe.
    The intersection of these shallower gas sands is extremely encouraging they are prolific producers in the area with some individual wells in the region recovering up to 12 Billion cubic feet (Bcf) of gas".
    - Nov 12th 2009.


    Cheers, sorry if the format is hard to follow.

    L
 
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