"Looks like they won't let the new money gather dust"aint that...

"Looks like they won't let the new money gather dust"

aint that the truth! pg 8 of yesterdays presentation - they're going to spend $53.4m on capital projects this calendar year.

Then you start digging into the payback periods and they range from a respectible 13 months for the Olmos wells (US$1.5m), to a solid 10 months for the EFS wells(US$9.1m), to a cracking 7 months for Coolangatta (US$2.2m), to an unbelievable 4 months for scarborough(US$3.2m).

Throw some wilcox wells (US$0.8m?@) into the mix and in 12 months time TXN's cashflow is going to be like a river of money.