rbs research note, page-9

the news that the efs well is being fracced was missed by the media

but the financial review did pick up the dreadful news of the debacle of des olling!!

texon is the ridicule and laughing stock of the media currently and des olling is the reason for it, with a full admission equivalent to "the dog ate my homework" as the fin review aptly put it..

http://www.afr.com/Blogs/Rear%20Window

Dog of an excuse
PUBLISHED: 7 hours 48 MINUTES AGO | UPDATE: 7 hours 48 MINUTES AGO

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Small oil and gas explorer Texon Petroleum, whose market cap is $125 million, was forced to admit a boo-boo yesterday after it failed to provide updated interest notices for its chairman John Armstrong and chief executive David Mason within the required time frame. And its excuse was the ASX equivalent of “the dog ate my homework”. Company secretary Des Olling took the blame for the lapse, admitting to being “preoccupied” with the “planning and lead-up work necessary for the smooth running” of the company’s AGM on May 26. “.?.?. the omission to lodge the 3&s was directly mine.?.?.”

We now know that Armstrong and Mason have exercised 6.93 million options and allowed another 6.25 million to lapse.