I've had a quick read, nothing particularly exciting:
YEAR 2011 2010 2009 Production 295mboe145.3mboe 129.7mboe Revenue $20.9m $7.91m $5.75m NPAT $1.99m $5.97m ($2.16m) (note that 2010 included a $6m sale of Olmos ...our next half year should be a cracker then)
EPS 0.88c 3.94c (2.09c)
cash $13.37m $13.66m $6.63m
Other wise the only interesting thing I noticed was:
Other Projects A number of multi-well and resource oil projects are being investigated targeting projects which have a potential value to the Company similar to that of our current Eagle Ford holding. We plan to begin taking leases on one or more of these projects over the coming months with a view to beginning drilling towards the end of this year.
So we wait for either a corporate predator or a sale update.
TXN Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held