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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: onginvester	10/26/2006 11:41:31 AM
	of 206151

TMR just completed a monster chalk well! Company's East Texas Austin Chalk/Woodbine Play. The well was recently tested over a two day period at gross daily flow rates as high as 27 million cubic feet of natural gas per day ("Mmcf/d") and as high as 1,500 barrels of oil per day ("BOPD"). Flowing tubing pressures were measured at ranges between 7,500 pounds per square inch ("psi") through an 18/64th-inch choke and 2,400 psi through a 48/64th-inch choke. The dual lateral well was placed on production Monday evening and is in a "clean-up" of drilling fluids phase with intermittent fluctuations normally experienced during the first several day phases of production for wells similarly drilled and produced in the area. Pipeline constraints during the clean-up operations prevent the well from being produced at more than 20 Mmcf/d. The well is currently producing 18-20 Mmcf/d along with an additional 1,000 to 1,500 BOPD. The Company's working interest in the well is approximately 84% before payout (57% net) and 71% after payout (50% net), subject to terms of unitization, lease royalties, acreage and farmout agreements previously negotiated with the third party working and mineral interest owners in the well. biz.yahoo.com

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