the olmos, page-9

Ok Gerkin, got it, from the 6 monthly.

"As to future horizontal drilling, the Company has received an offer from a third party to participate in the proof
of concept horizontal Olmos well on the 199-acre Quintanilla lease. The proof of concept well is planned for
the 1
st
quarter 2014, pending the sell down. The Company will have approximately 16.67% WI in the initial
well and will retain approximately 66% WI in the remaining 3,490 net acres for further monetization. The
potential 15 well horizontal program on 120 acre spacing would replace a 29 well vertical development
scheme based on 40 acre spacing."

Looks like the deal that was pending here has changed slightly to the one that terrace has announced.