watch out for tex, page-2

ilovetrees,

I agree mate. I think people are waiting until tomorrow to see if anyone dumps their 3 cent shares from the rights entitlement so they can swoop on them and once people realise that its not going to happen the share price will start to move. already you can see that support is building around the 7c mark.

My understanding of "fracture stimulation" is not overly strong and I was a little concerned when the company announced that they had only witnessed small traces of oil and gas but after researching many US companies operating in the Wolfberry area using fracture techniques I discovered its not abnormal to see very small traces at the 50% recovery rate and in many cases no traces of oil and gas until nearly all the water is recovered.

Looking at the previous report now I actually feel the company was trying to give everybody a little hint that there is good news to come.

Good luck Texans!!