how does this look? , page-3

asf

John & Cliff discussed what would be included in a potential EFS transaction at the AGM.

Short summary = the geology has different levels. See pg 8 of the AGM presentation. Approx sequence (note doesn't apply to all of TXNs acerages but its a good approximation)
3,500 ft Frio
6,500 ft Yegua
7,500 ft Wilcox
9,000 ft Olmos
11,000 ft Austin/EFS
12,500 ft Buda/Edwards
13,300 ft Pearsall


Their comments were basically, as the Buda & Pearsall were largely untested they would include from the the EFS to effectively the centre of the earth if required.

I imagine that if the tax rule allowing breaks on the redeployment of capital is used, it would most likely apply to an entirely new field/ new leases.