TEX target energy limited

you need to read this and its implications

  1. 5,038 Posts.
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    Here is some important info for you to read up on

    http://info.drillinginfo.com/urb/wolfberry/

    I would pay particular attention to the 2 maps. As you will see Darwin is located in the middle of a trend south to north in the first map, but one that spreads over quite a few miles. Thus the fusselman is commercially productive over quite a few KM in an east to west direction.

    We know that the BOA well found little play in the fusselman with lots of water. So Darwin looks to be about as far west as possible in the really productive fusselman formation. Thus the other 3 blocks near by covering something like 1200 acres are highly likely to be similar in nature to Darwin.

    So we're looking at potentially 48 wells on 40 acre spacing north of the glassrock field each capable of producing 250,000+ boe with the vast majority of that being oil.

    That's around 10 million barrels, so Tex's net share would be around 4.5 Million barrels + all the production south of the glassrock field.

    It won't take long before it attracts some people's attention.

    LOTM
 
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