if i had 7000 plus acres with 5 producing efs wells on it, full 3d's throughout.. as well as an olmos oilfield already sold on one part and an olmos discovery on another section. and with oil storage in place and pipeline throughout.
and i said to anyone that all this was up for grabs at $15k per acre. .. they wouldnt believe me
anything with that level of development would not be spoken about with those numbers..
i maintain the valuation the markets are giving the current efs asset texon is considering selling is not in the ball park, not even in the postcode.
TXN Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held