tyler ranch efs 60 day flow rate, page-41

Not invested in MAD.

AUT has published a prospectus stating sufficiency of cash - CR could only be justified by a further material land acquisition.

TXN has produced a business plan that appears to be funded by own resources and production income. The Yegua project will be 'monetised' and drilling of Pearsall will be farmed out. There is mention of an intention to acquire further EFS acreage and another material project. Admittedly, this sounds as if the management does have specifics in sight rather than this being a mere whimsy. TXN might need to raise capital to fund the acquisition of additional assets. Unlikely before the reserves report is available, imo.