bonanza fortnight ahead for holders?, page-11

not critcising anyone here, all posts imho were based on peoples best intentions

just fixing up some of my posts and others that are glaringly wrong imho...

firstly twinpeaks posts based on what was reported.. imho the peeler well info is correct as far as i know


twinpeaks post..

Just looking at the anticipated news flow in the next fortnight the possibility of an absolute bonanza windfall for holders would appear to be on the horizon.

Firstly if all has been going to plan we should have news on Monday of the the Wheeler #1 Olmos well. The well tested at an initial production rate of 220 boepd and should have been put to sales through newly constructed production facilities during the first week of July. Possibly some additional flow rates as well.

Also on Monday we have the refrac of the Hoskins #1 Olmos well which if we get a result will lead to a 30 well campaign to extract potentially 3 mm BOE from the Olmos field.

Bearing in mind as agent has pointed out the neighbours have a proved 4mm BOE and are fast turning the neighbourhood into swiss cheese.







secondly

asf's posts which i think is only inaccurate imho where referring to the olmos, which i took to be accurate and accountable based on his conversation with texon.. and imho was posted with the best of intentions and in good faith but the peeler well info may have been accurate, i think its possible that they have fracced the efs well, but anything olmos is not correct..

twinpeaks, thank you for that terrific post. Things are not late- they're being done in US time. I just spoke to the Company Secretary of TXN, and he said that all is on track. One thing about this company is that they always seem to be on time, from what I have seen. It seems that the fracking or re-fracking or whatever they do, takes a few days, so add those to the time frames. I am not very technical, but it was good to touch base.


so with the belief about what asf had posted on the olmos, my subsequent posts need radical restructuring..


olmos news has to filter through soon. it would be flowing to sales now if they are on schedule

the olmos refrac of hoskin olmos 1 was on monday

the peeler efs 1h well commenced fraccing yesterday / last night

flow rates of the wells will no doubt follow shortly





thats the way i see it now