it is a pity texon is not promoting their prospects at all, and just de merging as a knee jerk reaction to the sp manipulation..
imho they have two great plays on the books now, the roundhouse is proven and the horizontals have been working well in the gas zones..
the efs imho is one of the best onshore oil plays in the world, but nothing is being done by texon to actually promote its position, no roadshows, no industry exhibits, and it doesnt even turn up to rbs organised events i hear,,
as it doesnt promote any vision of success, the market marks it down as a fail.
not prepared to sell for a loss, i suspect the entire register is feeling the same
lets hope for a miracle..
TXN Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held