Let me say, in no way are you out of line with your statements and questions. TECO like any other penny start up is having growing pains. The unforeseen expenses can be astounding and difficult for a company to manage. Let me tell you, it's amazing we have gotten this far. I believe we are on the cusp of a major leg up in production starting with Wooldridge. I truly want to go and see the action so I can document it for all of us moving forward. I'll be there as long as time permits as I'd like to see start to finish on one of these wells. The reason for the 200 BPD in my plan is I feel this is the point where TECO becomes self-sustained (my belief) and the the heavy pressure is lifted from management. The 200bpd plus the package money may even allow for some capX once the work is done.
Your questions have been answered and re-hashed over and over. I can sum it up with 2 words from the update... Lessons learned. LOL
Belize, my best information says 25BPD to 50BPD each. Certain parties have said more. I'm inclined to work with the lower numbers. This is my view, management has not said a word to me about it. I utilize personal contacts to get my best guess there. The guess is really useless until the GOB declares a Commercial Oil Find. So, lets keep that as gravy/icing on the cake. I know a site has been picked out and 2 more wells will be drilled.
As far as the Big Deal coming, I don't even want to hear about it until we get some drilling done. LOL
Could it happen? Sure
As the poster on the hub said, I don't want to here about the labor, just show me the baby, that sums it up.
BULL
