On January 16, 2007, Texhoma reported that the NAL #4 well was producing 30 BOPD after a workover. That rate has steadily increased since our last release and now the well is producing at a stabilized rate of 83 BOPD.
Texaurus Energy, Inc., a wholly owned subsidiary of Texhoma, owns an 11.76% working interest in the Edgerly Field which has four producing wells. The Field is now producing 550 BOPD (gross).
Mr. Maxwell, President and CEO, commented that the workovers were a success and expectations are that production of the NAL #3 well will further improve over the next couple of weeks. Already with 65 BOPD net to the Company the sales revenue on a monthly basis is about $120,000 from the Edgerly Field alone.
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