TXN 0.00% 58.0¢ texon petroleum ltd

looks OK, very respectable, below forecast modelling, some will...

  1. 370 Posts.
    looks OK, very respectable, below forecast modelling, some will say concerning, but:

    Given these are the first wells they are still tinkering, below par frac on the second well, the second well has nothing to do with the acreage which is good.

    You can see immediate effect the improvements (gas lift, tubing) are having, they will get better at this with the next two. The first well looks like it will be very economic, the second, the jury is out, but the tubing has increased rates by 40% in the early days

    Pretty happy with the management resolving the issues and consider, after problems, rates are going up, not down.

    Now I can't wait for the endless comparisons to AUT. Oh and the old gas to oil conversion ratio debate :-)

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    DYOR
 
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