i agree richenothing changes, and the egm is not a reason why...

i agree riche


nothing changes, and the egm is not a reason why there is no sale being announced, and as you say, its a reset from 1 sept to jan 1 2013

its actually a surprise the sp didnt tank and the options extension wasnt read by the market as the directors now expecting a further extended negotiation period..

so if the market sees a long drawn out mid summer sale before the efs is sold as not being negative, then i guess the WTI bounce to $101 (with the premium) for texon as perhaps driving a correction of a sort..

we will see a november drill of a further efs well and who knows if the olmos will be tested further..

few more quiet months ahead perhaps?