Essentially I read that TXN are going to do an Antares and sell their EFS acreage. Never mind the Olmos.
Quite sensible as the biggest gains are often at the early stages of development.
I hope investors do OK. Selling the Eagle Ford was a very long and painful process for Antares holders. It was announced after a similar share price drop and also announced around August last year.
Lucky TXN have many other projects to fall back on and a good pipeline with Wandoo, but I can't help feeling a sense of history repeating itself. The similarities with AZZ are now almost uncanny.
_____ DYOR & not investment advice
TXN Price at posting:
52.0¢ Sentiment: None Disclosure: Not Held