Scheduled to be completed 1st qtr 2014 and hopefully producing by end of 2014 according to Flores in conference call
BBW#1? Are you sure he didn't misspeak? I wouldn't take that to the bank without confirming it.
He did say it, though there is a body of opinion that thinks he mis-spoke and that what he actually meant was that they would be completing SS188 (or BBW2), not BBW1
Read the transcript
any idea what the production is worth to GULTU and TISDZ?
If it is indeed SS188, TISDZ will not get the 1.25% of other areas. There is a dispute, with McMoRan offering 0.625% and saying they are obligated to pay nothing because the lease ran out. The trustee of TISDZ is continuing to pursue the matter.
As long as I have been holding TISDZ - anything $0
Just have to hold on a bit longer I guess.