TXN texon petroleum ltd

analysis update, page-15

  1. 2,614 Posts.
    And i neglected to say above, its priced far better then AUT was priced at this stage in its development. One must remember though that with AUT some of its earlier wells had its poorest flows and highest declines.

    Im sure i will be acused of down ramping or whatever, but ive tried to be objective. Im not saying this thing is doomed that would be stupid. Im just saying i think it priced for success, but in reality we currently have no idea. We have a few indicators, but we certainly know very little on a factual basis. Too many assumptions imo.
 
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Currently unlisted public company.

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