hoskins efs #3h a monster well in eagleford?, page-3

sushi1 TXN is in the closing stages of negotiating a loan facility to facilitate the planning drilling program in 2013.

As you have rightly pointed out at this stage drilling cannot be funded from revenues alone.

I would expect an announcement on that front reasonably soon. As per the quarterly "As announced at the EGM, Texon is in the final stages of completing a debt funding package, details of
which will be provided once the facility has been finalised."

The wildcard in the deck is a suitor for the EFS acreages deciding to make an offer acceptable to the board which would result in a fairly swift alteration in the company's cash position lol