One of the best opportunities in the O&G sector today.
The presentation is excellent but unfortunately there is a very determined larger seller at 40 cents.
Things will improve when they are done.
I would be most angry if there is to be a cap raising and the seller has inside information. The presentation could be as a prelude to a cap raising or it could be a lead up to the financing through the CBA. It's well worth a read anyhow.
When funding is in place for an active drilling program I expect the share price to double.
Not one for the punters though as the free shares are a bit limited with 40% held by the top 20.
TXN Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
