they just can't get it right, page-26

agentm, great explanation about the posse surrounding TXN theory. You might be right. Still, the costs and risks of that activity for this odd-sized lot is a challenge to fathom.

And I am aware -- and very much value -- your ongoing attempts to communicate with TXN mgt over the past year. Frustrating how you pointed out the lease obligation risks which they ignored or played down, likely taking false comfort in their "EFS will sell for a premium" strategy.

Also wise concerns about TXN's silence on Talon. Might be right, or might be two other reasons (a) demerger/acquisition business and well drilling activities are keeping them busy, and/or (b) might be acquiring land as they earlier implied, which rarely is announced until done. There is also the risk that Foss and Mason (a) don't get along and (b) are more into retirement mode than full-time business. But I'm too distant from them to make an informed statement on that.