we lose due to mgt incentives n market?, page-5

WHo says we won't reach above $1 when the deal they are working on gets released to the market. I will be disappointed if the deal results in anything under a $1. The last annoucement said the following:

"Texon’s Eagle Ford is the subject of discussions with a number of parties based in Asia, the USA and Australia. These involve varying transaction types, ranging from joint venture arrangements to corporate trades"

So that tells me there are multiple parties involved, the more buyers there are generally the higher the price the seller will achieve. The share price is lagging because there are bots accumulating, people getting impatient and moving on to other companies etc...

For those that worry about price of POO, if you were selling would you base it on the price now or ask for a higher price knowing these assets will produce oil over a long period of time? I know which one I would be using.

I still believe the frac of the 5th Eagle ford well is part of the reason of the delay, buyers hoping it comes in low to bring value down, we are hoping for good results to bring value up.

Happy to site tight and if price drops some more simply top up.