TXN 0.00% 58.0¢ texon petroleum ltd

Nice find Agent! I've been after that for the last couple of...

  1. 640 Posts.
    Nice find Agent! I've been after that for the last couple of weeks.

    A simple observation:

    the Olmos doco listed the total proved future net revenue as $72m 94% operated and sold for $12.4m ($72m x 94% / $12.4m) = a factor of 5.46

    The EFS doco lists the total proved future net revenue as $1.5b 98% WI.

    Using the same formula this gives a price estimate of $268m or about $1.10 a share
 
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