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Treaty Energy Corporation TECO
Posted On: 10/10/2012 3:09:28 PM
Post# of 39368
Posted By: highonweed
Re: DTL #1434

I am aware that the Madeley well filed an 'IP' rate of 192 BOPD... I also recall that the Texas RRC mandated that it not be produced at a rate higher that 78 BOPD (though it may have been 87, I can't recall).


I am aware that Mr. Reid said the Lakeshore well was producing at 37 BOPD... I also recall reading that the Texas RRC has limited this well's production to be 5 BOPD or less.


__


That said, I stand by my original estimate in my previous post that TECO will be doing good if they can establish a sustained production rate of 10 BOPD from the Madeley Well. Looking at Historic production from this well, 10 BOPD is quite generous, and would be considered very liberal by most people reviewing the numbers...


IP-Rates can be very misleading... I understand your skepticism, and guess time will tell...














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