If they have recieved a commitment from Investmet to help fund additional drilling and aqusition by exercising their 7c options I would be confident in assuming that the first well will be a commercially viable result.
Dont forget that Steven Mann who is a director of both companies would be privy to infomation that us retail investors are not.
I'm extremely confident after reading the update we will see a gradual increase in share price in the coming 6 - 12 months.
Still a strong long term buy for me. Management are first class.
TEX Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
