TXN
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0.00% 58.0¢ texon petroleum ltd

merger details out, page-121

  1. switchmullet
    1,568 Posts.
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    15/11/12
    12:21
    Post #: 11004123
    Information was provided that the next lease commitment well was required in November 2012 well in advance.

    From November 2011 release:
    Lease Commitments
    The terms of Texon’s Eagle Ford leases require the Company to begin its next Eagle Ford lease commitment well in November, 2012.

    http://www.texonpetroleum.com.au/Documents/Investor/Announce2011/tplasx111128.pdf

    I don't believe further lease commitment wells were expanded upon due to the expectation of a successful sale.
    TXN Price at posting: 37.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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