He just punched a hole next to our lease in Texas

He just punched a hole next to our lease in Texas In a field that was a good producer years back and was shut in when oil was 3 bucks a barrel, back when a 100 bbls a day was not worth the effort . Word has it that if his we'll comes in we'll get funding .They have been waiting for the cement to cure then perf it .This is a big deal .