TXN 0.00% 58.0¢ texon petroleum ltd

daniel99 as your the only one talking operations, as much as the...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 8,339 Posts.
    lightbulb Created with Sketch. 198
    daniel99

    as your the only one talking operations, as much as the fall in markets is a lot of fun to watch and discuss, its also true that one EFS will frac any moment and also true that the wilcox well is about to spud in a very short period of time

    Wilcox - Oil

    Depth: 5,000 - 7,000

    Thickness: Under Review

    Porosity: up to 30% (average 18‐20%)

    Permeability: up to 400 md (1)(mostly 1-10)

    Oil shows: up to 17% in SWC (2)

    Possible Area:Under Review

    Possible OIP (3):Under Review

    TXN WI: 50 - 97%

    Vertical Well Cost: US$0.6 - 0.8 Million (4)

    (1) md= milidarcy
    (2)SWC = Side Wall Core
    (3)OIP = Oil in Place
    (4)Including frac and connection

    if that type of rock doesn't throw some oil back at you in the wilcox, then i ask what will??

    but the side show of texon operations is nil to do with the day to day drop in the sp, which is really picking up some pace right now...

    broadly speaking on other matters, i also think that taking a slumber so to speak is a great idea for the future

    all imho and dyor
 
watchlist Created with Sketch. Add TXN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.