they're going deep!, page-2

That's right RichE, there will be plenty of excitement involved when this kicks off.
Don't forget the recent valuation from ABNAMRO Morgans has TXN currently worth 60 cents per share, that was a couple of months ago based on the lower Gas/Oil prices.

Leighton (1,280 Acres)

"On the basis of a US$70/bbl oil price and an average gas price of US$6.50/mcf over the next five years, then a 30 well success case could represent a return to Texon of some A$100 Million (exchange rate 0.85) after allowing for drilling and operating costs"

Now factor in the addition of Eagle Ford Shale. This is quoted from today's announcement.

Leighton - Eagle Ford Shale

"an Eagle Ford Shale success case could represent a return to Texon of some A$250 Million (exchange rate 0.85) after allowing for drilling and operating costs.

Sitting tight for now, no reason consider selling out of this little cash cow anytime soon, and very happy to lock in the extra shares thanks to the SPP.
Hope you all have a good weekend!

:-)