analysis update, page-19

I think you only need to worry if the stock rockets up crazily.

Here's what I've seen

Before any results, and before the efs#1 had even completed drilling TXN reached a high of 63c.

They have since completed the first efs well successfully thereby increasing production from 100boepd to 600boepd - (that's a 500% increase).

They have 4 wells (including another efs play, drilling of which has been successfully completed with 142ft of oil shows).

They have connected a pipeline to deal with the anticipated increase of sales from future wells.

Txn closed at 0.70 today, implying that ALL the above news was worth only a 10% increase... but wait it gets more bizarre... certain ppl on this thread believe that TXN is overvalued.

600boepd = $60,000 per day ~ $30m revenue per year with 4 additional wells into production in the next 2 mths, and more to come this year. With a market cap of under $100m, you do the math...