TXN texon petroleum ltd

declines, page-5

  1. 19,178 Posts.
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    The declines are acceptable in my view. As I have already stated, TXN has a big percentage interest in these wells so they dont have to be high producers to be a valuable contribution to income. The company is upfront with its information so no problems there. As time goes by the company will get the flows managed for maximum possible production. They already have a good cash flow with current results.
 
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Currently unlisted public company.

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