Posted On: 02/11/2014 9:40:02 AM
Post# of 39368
| TECO estimated revenues | 2/11/2014 | Conservative estimates by tommyd2mil, see notes below | ||||||||
| Well/lease name | mcf | value/mcf | bbls/day | valus/bbl | TECO% | $/shallow well | TECO bbls | Value/day | Notes | |
| Hill lease | 100 | $3.00 | 75% | $225 | in production gas only | |||||
| Lakeshore | 3+ | $75+ | 75% | 2.25bbls/day | $168 | reworked | ||||
| Mitchell # 1 | 5+ | $75+ | 28% | 1.4bbls/day | $105 | reworked | ||||
| Mitchell # 2 | 15+ | $75+ | 28% | Sold November 2013 to USF | ||||||
| Mitchell #3 | 15+ | $75+ | 28% | Sold November 2013 to USF | ||||||
| Mitchell # 5 | 75% | suspended | ||||||||
| Stockton # 1 | 75% | back in production 2/10/14, unknown Prod. Level | ||||||||
| Stockton # 2 | 30+ | $75+ | 75% | 22.5 bbls/day | $1,667 | initial production 62 bopd | ||||
| Stockton # 3 | 75% | drilled to depth, awaiting completion SOON | ||||||||
| Madeley F1H | $3.00 | 75% | Company claims will be reworked in 2014 | |||||||
| Kubacek # 3 | 75% | pits dug, waiting for financing | ||||||||
| Kubacek # 1 | 75% | getting permitted/financing | ||||||||
| Kubacek # 2 | 75% | getting permitted/financing | ||||||||
| LA Drilling operations | $7,000/week | conservative 1 well per week drilled, delayed start since 11/6 | ||||||||
| Murl # 1 | $3.00 | acquired June 2013, no updates | ||||||||
| Murl # 2 | $3.00 | acquired June 2013, no updates | ||||||||
| Total | $2,165 | |||||||||
| Note: TECO percentages can vary slightly by ORRI | ||||||||||
| As of 2/11/14 a mcf of natural gas was $4.58 closing price | ||||||||||
| As of 2/11/14 a barrel of WTI was at just over $100 dollars | ||||||||||
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