I have decided to release my current TECO operations spreadsheet today. I was incredibly disappointed in lack of information in yesterday's newsletter and have made that known to IR. It is very hard to track what is going on relative to operations when so little facts are shared with shareholders about any of current projects.
Here is my spreadsheet, hopefully it is in legible format for shareholders to read. You may need to curser to right and down to see all my notes. Columns a bit out of whack when pasted.
Here is my spreadsheet, hopefully it is in legible format for shareholders to read. You may need to curser to right and down to see all my notes. Columns a bit out of whack when pasted.
| TECO estimated revenues | 2/10/2014 | Compiled by Tommyd2mil | 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 production 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 | indefinite delayed start since 11/6/13 | |||||||||||
| Murl # 1 | $3.00 | acquired June 2013 | No company updates | |||||||||||
| Murl # 2 | $3.00 | acquired June 2013 | No company 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 | ||||||||||||||
