let the games begin!, page-40

been watching the short positions on the ones you mentioned a lot lately nursery.. interesting movements

txn is not a stock you can short.. and imho its capable of becoming noticed and also capable of being re rated as there becomes an awareness on this EFS oil play.

Valuation and risks

Our risked valuation of TXN shares has risen to $1.16/share (from A$1.05/share) with the successful production test of the first horizontal EFS well. There is material upside to this valuation should the second EFS well prove to be liquids-rich, and should exploration success in the Olmos reservoir match Texon?s recent experience. Success in the high-upside gas plays such as Maroubra would also be expected to have a positive effect on share price. Texon is adequately funded for its next phase of drilling. The risks relate to exploration success, prospect size, and the oil and gas prices in the US, as well as the AUD/USD exchange rate.

buying as i am allowed..