TXN 0.00% 58.0¢ texon petroleum ltd

merger details out, page-123

  1. 640 Posts.
    daniel99,

    "Was this ever communicated to shareholders?;
    Texon's EFS acreage had 10 commitment wells to be funded in 2013 ''

    I don't remeber it in any of the announcments either and its not the sort of thing you'd forget.

    I imagine if we dig back far enough there will be something on the original leasing that says something like : the leases require x drills within y years.

    Certainly nothing explicit about it recently.

    Amazing how much of a corner TXN management painted themselves into over the last 6 months
 
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