From the 13 3D seismic surveys it has studied so far Texon has leased 15 Prospects which are ready for drilling. Lease checking is being undertaken on a further 16 prospects, with the other 17 not being available for lease at this time. There are 120 more 3D seismic surveys yet to be evaluated by Wandoo and these are expected to provide many more prospects for Texon over the 8 year term of the Prospect Generation Agreement.
Of the 15 Prospects already leased, 10 have objective reservoir depths of less than 2100m and together these prospects are targeting a gross unrisked reserve potential of 4.7 to 12.6 bcf of gas or 3.5 to 9.5 bcf as to Texons’s Nett Revenue Interest (NRI). The other five have reservoir objectives at depths greater than 2400m and these have a combined gross unrisked reserve potential of 89 to 195 bcf of gas or 43 to 93 bcf as to Texon’s anticipated Working Interest (WI) and NRI.
Together these represent a total gross unrisked potential targeted by the 15 well drilling program of 94 to 207 Bcf of gas or 50 to 100 Bcf as to Texons’s expected WI and NRI.
Texon intends to retain a 100% WI in the shallow program and a WI of between 50% and 75%
Why Reputation Management is Necessary
Reputation management has become one of the essential pillars in people’s lives simply because how people perceive each other gives an impression of their values. Despite numerous efforts to maintain a high profile with positive feedback, social media has a way of making things look messy if people do not look out for people who shoot negative feedback on others.
Reputation management makes more sense for public figures and brands because they have a higher stake with their identities as compared to other individuals. As a result, such entities put up strategies to withhold any negative feedback coming their way, and instead, replace it with positive facts. For example, public figures and brands have social media profile managers who ensure that they respond adequately to any negative attacks. Therefore, reputation management is important for both individual purposes and public interest.
One of the ways of dealing with negative feedback is by publishing content that is original and informational. At the same time, this content should have an excellent Meta description that summarizes the content and an attractive title with the necessary keywords such that, when a fanatic or client does a Google search, the article is bound to appear as one of the top search results. As such, public figures and brands can use those positions to proclaim the truth way before the one carrying out the search gets to articles with negative feedback as part of their reputation management policy.
Reputation management also calls for ethics. Otherwise, the same public figures and brands may hire third party individuals to write positive reviews on their blogs as a way of counteracting the negative feedback. Some go to the extent of creating false blogs and using them to post positive feedback while others use spam bots and denial-of-service attacks that forcefully remove websites that post negative feedback against them. As such, reputation management must have ethics just like any other industry.