as a follow up it actually drilling started 2 months ago on a recheck
its not mentioned in any reporting on their websites or by their exploration manager in august.. so its basically a new wildcatting play for them in navarro county, on adjoining leases really.
so with the Lundy 1h just drilled in the northern end of the oil aspect of the CHENEYBORO (COTTON VALLEY)play, and a new permit Mayo just processing now for the southern end of the oil play.. devon is keenly interested in the same region and perhaps for the same reasons?
more than just a co incidence??
TXN Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held