tyler ranch efs 60 day flow rate, page-42

Agentm - I've heard there are at least two instos buying - one of which is the RBS in house guys. cross trades will be RBS buying from their retail arm. RBS just runs a special crossing at market price but those shares never really hit the general public market.

I know because I was asked if I wanted to let any of mine go. errrrr.... no thanks.

Re: Cap raising. I've posted my views a couple of times.ie I think that its immanent.
My reasons:
1) the chairman John Armstrong has made no secret of the fact that he gets very uncomfortable when the cash balance is >$5m
2) 31 Dec bal = $13.9m but they still had to pay for one of the wells (say $7m?)= adjusted balance of say $7m
3) 60 day delay of receipts from production
4) TXN is chasing additional acerage
5) solid drilling schedule planned
6) RBS sent the guy thats dealt with TXN's last CR over to Texas last week.

Be very interested to see at what price and what % is rights vs SI placement.

It was me controlling the cap raising - I'd wait until they got IP results from the second EFS well and then go on the increased price .... just thinking out loud.