Hi ShabiOn quick look TEX is producing at 30 bopd and the new...

Hi Shabi

On quick look TEX is producing at 30 bopd and the new well started at 240 bopd of which TEX gets 144 bopd. Could not work out quickly the upside could not find any evidence of lots more wells in the project - is this correct?
TEX market cap $27m

OTE was producing at about 25 bopd before Commanche and the new well started at 240 bopd of which OTE gets 24 bopd, But OTE have 60 more wells to go and all high probability.
OTE market cap $4m

If the second Comanche is like the first, OTE would be producing at 1/3 of TEX.
1/3 of TEX market cap is $9m or about $0.008 for OTE.
Also I don't know if TEX has OTEs immediate upside that OTE has with Comanche - five more Comanche wells and OTE and TEX production would be similar. A $27 m market cap for OTE would get it to about $0.025 (ignoring options which would dilute but bring in ?$6m dollars

Rumot