valuations are totally wrong here, page-11

hotfire

the latest well is 1200 bopde and the olmos may be producing 200 bopd. so just the 2 wells alone will deliver a huge month of revenue $3.5 mill or so potentially..

i imagine the others are in the 200 to 400 bopde region combined so perhaps $1 mill a month regular

the last well was about 50 feet off the chalks i believe, so with 400 feet of fracs, vertically up and down and horizontally, the the chalks are producing in the latest well, maybe ~40% of it in the chalks? so the efs reservoir is not restricted to the 200 odd feet of upper and lower efs, it also drains from the efs into the 200 or so feet of chalks above which is basically one complete chalk and shale reservoir combined

if your putting wells in high and low side by side you can really narrow the acre spacings right back imho. this last well sits 1000 foot away from the swift lateral side by side

the olmos oil reservoir has not been spoken about by texon, which imho is an injustice to the shareholders, imho any oil asset needs to be announced, flow rates, and opinions on potential size of reservoir later on as wells flow. it has to hold value.


refrac of hoskin did not happen as yet, but imho the plans to frac it are still in play, and again the shareholders imho need updates on those affairs

oil still in the $90's for texon with the premium.