Posted On: 10/22/2013 5:45:31 PM
Post# of 39368
If revenue is the only device that will move TECO's PPS then we could say that there has been no additional revenue streams but only expenses since Mitchell 3 and 4 came online last winter/spring. In addition those wells only provide 28% NRI and the wells production rates have decreased since first completed. It's been almost 7 months to get to a week where we might be hearing of additional production that's worth mentioning. Hearing about an additional 5-10 BPD from these smaller producing wells is nothing but propaganda IMO. That level of production will do diddily for the PPS. We need 50 BPD coming in from multiple wells and it's taken what feels like a lifetime to get there and we still aren't there. Yawn, stretch, yawn again! SOON! LOL!
(0)
(0)
Scroll down for more posts ▼