The Exploration Company Announces Record 2007 CAPEX and Drilling Activity

The Exploration Company (Nasdaq:TXCO – News) today announced a record capital expenditure plan and drilling program for 2007. It also provided an update on its current Texas drilling activity.
CAPEX
TXCO’s board of directors has approved an initial 2007 capital budget in a range of $70 million to $75 million – the Company’s largest ever, targeting 103 [...]

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