new rbs research, page-16

Agentm, excellent post, as usual. REALLY appreciated!

Along with the technical info and explanation of the nfr flop (I wasn't even aware of it), your view about Foss is similar to mine: "so for those whom dont see the value of cliff foss, imho he may finally do what a he is good at"

You would know more than most of us about Foss's management of the merger and whether he is more than slightly culpable for TXN getting in a corner. But I suspect his knowledge of oil prospects in Texas (and Louisiana, apparently) will become both evident and valuable this next year.....of course, I could be wrong about that, too.

Speaking of which, to what extent did Wandoo play a role in Roundhouse and Rosetta? Your write-up sounds like Devon alerted the neighbourhood to the play, but did Wandoo data help TXN choose a potentially oil-rich spot?