"Was this ever communicated to shareholders?; Texon's EFS acreage had 10 commitment wells to be funded in 2013 ''
I don't remeber it in any of the announcments either and its not the sort of thing you'd forget.
I imagine if we dig back far enough there will be something on the original leasing that says something like : the leases require x drills within y years.
Certainly nothing explicit about it recently.
Amazing how much of a corner TXN management painted themselves into over the last 6 months
TXN Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held