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I have been quite a large seller of TEX shares in the last month but I have now stopped which would explain some of the price weakness. I have been a long term investor in TEX (ie 3 years) but have been selling down most of my holding as I believe there are better opportunities elsewhere. I have had a few chats with TEX management and they are nice guys but they have over promised and under delivered for quite a while in my opinion. Unfortunately for them they have been a victim of circumstances beyond their control as they are beholden to other operators. I still hold a few so I still hope in the next few months they can drill Beyt and East Chalkley. I am still reasonably confident with H71 but developing gas wells and bringing them into production takes time. Unfortunately the market at the moment is very very short term focused. Just have a look at some of the recent darlings in the O&G sector.

Wish all well with their investment decisions.

Cheers