TEX 0.00% 8.0¢ target energy limited

They may provide another announcement, but they have already...

  1. 312 Posts.
    They may provide another announcement, but they have already advised in today's ann that they have reached TD and what happened since last Thursday. So don't "expect" anything to be on the safe side.

    After reading today's ann again thoroughly - the way I read and understand it is that they are currently working out to see if they can get the 22.9m of gross pay in the 2nd Meek sand and is potentially a commercial quantity.

    So it's not a definite that they will get it out, BUT, if they do and the Hollimon's agree to pursue this, then we are laughing and looking at double what they are planning on getting out i.e. Primary and Secondary targets will get over 11 net reserves and the additional 9m of net that was announced earlier last month.

    Fingers crossed they tie this 22.9m of gross net into production with what TEX have already confirmed.

 
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