TEO - Ready to go into Orbit!

NR....I am more than happy to stand corrected by you on this....I have a very poor understanding of the mechanics of oil exploration as I have never invested in the oil sector before....I actually think from a closer read of the final results that the informaton presented supports your view.....so thank you for clearing this up for me...

"In August 2004 Freymiller wells #3-4 were also drilled with the
technology and the incremental production in these wells is now similar to the
Bauman results. ....Following this encouraging result Dominion Oil USA has now started to apply the technology to the Thacher wells and this will be followed by 2 wells on the Shumway structure."

i.e. if they are only really gettting going on this process in august they may be taking to the end of the year to complete shumway etc and so perhaps the first qtr we will see the overall benefits are in jan-mar 2005.....

which will make the happy scenario of a potentially profitable DOM and a cashflow +ve (and I guess profitable before intangibles) TEO (assuming edison is correct)all at the same time to look forward to in the new year.....we hope...

So much to be hopeful for in 2005......

imvho dyor etc....