TEX 0.00% 8.0¢ target energy limited

I think from memory Catapult was a much riskier prospect than...

  1. 138 Posts.
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    I think from memory Catapult was a much riskier prospect than Highway. I'd rather have 10 wells in Highway than a dry well in Catapult... I guess that goes without saying. What I am trying to say is that Catapult may have propped the share price up back then, but if it had been a duster, it would have had a much bigger impact on the share price than when TEX decided to drop it. Now that we have Highway in the bag, I'd rather they develop it first (for cash flow), then look towards higher risk, higher reward prospects. That way they don't have to come back to the market if they drill a few dry holes...
 
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