at least you and i are interested in the project, and it is indeed a massive disappointment that texon have both failed to sell the efs and also failed in every way to promote this play which imho has massive potential to be a genuine oil play.
i expect they will be drawing on that cash soon and drilling in mcmullen under a new operator name, and if they split this one up, i cant imagine they will do anything about promoting the potential of the share at all, which is a pity as i think there is every reason to be positive and good reason to promote the play in that way..
with the major shareholders not interested in the upside future of texon II, and no one is placing of the management of texon under any pressure to perform, as they know they cant afford to sell out and leave.. its just a free ride to make gravy of some options for this team and no long term view what so ever for the company..
it just you and i whom are actually interested in this play it seems and at least giving out detail of the play to the shareholders on this forum..
back to groundhog days and more of same...
TXN Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held