re: Ann: Drilling to Commence on First Eagle ...
TXN has moved north by around 13% in the last couple of days, I suppose some of this would have to be speculation on the results of the first EFS well.
They are keeping quiet about progress, but recently got a speeding ticket which includes some information about the current well:
"The initiation of drilling of the Company's first Eagle Ford well was announced on the 23 September 2010. The well is currently at a depth of 7,500 feet and has not yet reached its objective which will be at a vertical depth of about 10,500 feet. It is possible that the well will reach the Eagle Ford target in the next 7-10 days."
GBP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
