The wells currently being drilled probably will stall the process as well. Just good sense to see the next results come in but they aren't really proving anything new. Interesting orientation of the Quintanilla SM EF #1H well.Nearly all the wells in the area are being drilled N-S but we are going E-W right across the boundary of our new JV acreages. Hopefully a good result here will come in and validate the northern portion of our holding which will derisk somewhat. Swift are most active adjacent to this landholding and they ahve been pretty active and getting good results.http://www.swiftenergy.com/menus/OP-ST-Overview.htm Soon enough we will know. The EFSslae process is down to a bit of brinkmanship now. The longer potential buyers wait the more the acreages get proved/or not and the more/ or less they will pay. I am inclined to think the drilling program currently in place and planned in Q1 and Q2 2013 is going to add serious value to the company as the success rate in the field is reasonably high. By easter we should have some smiles on our faces and some money in the bank!
TXN Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held