Morons at TXCO ?PBG, in a recent PR, had indicated it was negotiating on a tar sands venture in Texas, which could only be TXCO's San Miguel project. Today. TXCO announced that they are embarking on a science project, whereby they will "heat two horizontal wells", in a shallower San Miguel formation, and monitor temps with five vertical wells. If successful, the verticals will be converted to producing wells. It seems obvious, that TXCO was unwilling to pay THAI royalties, and is doing a "skate around" on the THAI patents. IMO, TXCO management is about to waste a lot of time, and money.