Company News Summary | 28 Jun 2012
Click the print icon in your browser to print this report. Currency is in AUD unless otherwise specified
Texon Petroleum Provides Investor Update
12:40:00 | Associate analysts
Original annuncemenet:Investor Update
Texon Petroleum referred to its February 2012 announcement which advised that the company had appointed Houston-based Albrecht & Associates, Inc. and Brisbane-based RBS Morgans with the intention to either fully or partially monetise (lease sale, corporate trade, farm out, JV) the company's Eagle Ford to achieve the optimal outcome for shareholders. The intention of this process is to seek an outcome which recognises the inherent value of the Eagle Ford holdings, while balancing the operational and commodity risks associated with having a high working interest. At this stage a transaction involving the company's Eagle Ford is the subject of discussions with a number of parties based in Asia, the USA and Australia. As these discussions progress the company will provide further updates when appropriate.
|This report appeared on www.morningstar.com.au||2013 Morningstar Australasia Pty Limited|
© Copyright 2013 Morningstar Australasia Pty Ltd ABN: 95 090 665 544 ("Morningstar"), AFSL no 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").