rbs research note, page-3

3 mill traded to day were by and large the shares of mrs mason, and traded at open, the announcement was midday

no real impact for the drilling of the well, which is a real disappointment, one cent is not a price increase as we know this share can and will drop many cents in a day on the trade of a handful of shares and will drop further once the bots are in play..

i agree with rbs that the JVP well demonstrates all acreages are viable as the jvp deal is part of making sure all acres are able to be drilled

but with no impact at all for the result, the next result will obviously have no impact either.

with the merger deal now freezing the share, texon has no real appeal, it can announce it found 20 billion trillion barrel of oil, and guess what? it wont matter as the share price will remain proportionally to the exact price in relation to SEA..

till the deal is done any news from texon will have zero impact with the sp..