I have re-visited past anns. and when reading them carefully I think that it was expected to take 7-9 days just to preform the fraccs. and put in the plugs etc. and then the flow rates could commence, as stated in the latest posting (speeding ticket). The good news in my opinion was that the Clearfork formation is sour oil and can be co-mingled with the San Andres oil thus making the twin well a much more viable option as it would produce may-be up to 150 BOD although this does reduce the production from Wolfberry but in my opinion 2 wells producing 150 BOD each rather than 1 well producing heaps and a 2nd well only just commercial or not drilled at all but left for many years until the sweet oil is removed then start on the San Andres. This is as I read it and may-be I’m wrong but has anyone else any ideas.
TEX Price at posting:
11.5¢ Sentiment: ST Buy Disclosure: Held
