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...Exploration,
Exploitation and Development Prospects
Strategy
Maximize existing prospect value while reducing cost and
risk
Focused exploration strategy complements property
acquisitions
In-house 3-D workstations and geophysical/geographical
capabilities
Additional 3-D capacity in Joint Venture
Texoils approach is:
fully define prospect leads using 3-D seismic and
comprehensive integration of
sub-surface and engineering data
solicit industry partners on promoted basis to lower
risk and cost
Exploration finding costs of $.39/Mcfe to date