TXN 0.00% 58.0¢ texon petroleum ltd

the problem i have with wandoo is that it has never actually...

  1. 7,782 Posts.
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    the problem i have with wandoo is that it has never actually worked, they have leased gas targets in duval and colorado counties, but dave did nothing with it.. now they are for sale, and no ones buying gas targets right now, so i suspect the leases will just expire unless we get $4 gas by some miracle..

    texon has these 7000 odd acres in mcmullen, and then ZIP

    no further leasing has happened on my databases i have

    wandoo have a few prospects and have done lease checking for practically 12 months, all on texons shareholder paid expenses.

    but i dont know how a team of landmen can just check leases in a few weeks or a month or so... its really staggering how long it takes, then they get options on top of it all..

    imho there would need be some performance first, some genuine discoveries before handing out all these things.. otherwise it feels more like a shareholder paid junket and basically 12 months of sitting on your hands playing games with options and royalties..




 
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