TECO Rig 7 TECO UpDate .015 Cu
Post# of 26668
Rig 7
TECO UpDate
.015 Current PPS.
It's time for a position, or to add if you already have one. Many Catalyst to converge. Plenty of news culminating with Conference Call on February 19.
1. Brown Catalyst
The Browns lease expected to be drilling Today or Monday. The wells are expected to come in 50 bpd. We are currently pumping oil on the Browns lease, 20 to 25 bpd off of the old wells as We just switched them back on a few days ago.
2. Mitchell Catalyst
The newly acquired Mitchell lease is set to drill a week from Monday. TNC is the driller (Pistol Drilling). I'm told the trucks start rolling out when the expedited permits hit.
This is a major step forward in Treaty drilling. There are many preparations to be made when moving and setting up a rig like #7. I'd say it's over 20 truckloads to move the rig without the support.
We are looking at many supplies that have to be brought in besides the rig itself. This is major operational undertaking.
There is a 10 man crew that operates this rig and I can't wait to see it in action.
TECO at 1.5 cents will be rolling this week.
This is one rig that's coming over. She's a beauty...