TXN 0.00% 58.0¢ texon petroleum ltd

slightly o/t, but has anyone else looked at the current...

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  1. 7,782 Posts.
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    slightly o/t, but has anyone else looked at the current verticals and horizontals production figures at roundhouse?

    i looks at wells within a mile of the texon jvp acreages, there are some very attractive numbers in the verticals there.

    i fully understand the value is not going to be added to texon for the jvp, and the idea is to not at all promote that play possibly till the texon II spin off, but its worth a little research imho. i am not sure if texon will actually do any promoting of the roundhouse play in the future, but from the numbers i have seen on 200 feet of play fracced in verticals, the payback could be good if they manage to get a good horizontal frac formula sorted.

    the number of wildcat horizontals in the region waiting to start by xto (exxon), and the likes of devon whom have completed a horizontal next to our acres and another operator whom have one horizontal producing for 3 months now, makes the roundhouse story one worthy of following..

    dyor on roundhouse imho as texon is not saying much on it, but it looks remarkably like derisked target in my understanding and research.

    all imho and dyor
 
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