Texas South Energy Inc. (fka TXSO)

[Renee]

TXSO registration revoked:

https://www.sec.gov/litigation/admin/2021/34-92473.pdf

[MrSparex]

To be fair they never claimed they would actually TRY to
increase their share price!
They plainly said they "imagine" to do that.
It's right on their investor relations page:

"At Texas South Energy, Inc., we IMAGINE finding ways to increase the value of our company and its share price."

[spec machine]

NOTE - TXSO trading suspension for severely delinquent filings

Link back to Renee’s post for direct links to documentation

spec

[MrSparex]

LOL! Up 4,900% today... whoop dee doop dee do (blah)

[spec machine]

Bingo

spec

[Renee]

TXSO SEC Suspension for severely delinquent Financials:

https://www.sec.gov/litigation/suspensions/2021/34-91870.pdf

Order:

https://www.sec.gov/litigation/suspensions/2021/34-91870-o.pdf

Admin. Proceeding:

https://www.sec.gov/litigation/admin/2021/34-91869.pdf

[spec machine]

PINK no information, will TXSO be on the Caveat Emptor list soon and thus ineligible for anything except closing trades?

Last quarterly was 2 years ago

trade smart

spec

[Law of Averages]

TXSO about to pop.

[benchman]

Definitely

[The Night Stalker]

paper thin up or down

[The Night Stalker]

needs filings

[The Night Stalker]

needs to get current

[simon song]

I guess someone wanted out desperately. Got me some more $0.0031. Gonna look awesome by eod.

[simon song]

Who puts sell order at $0.0033 when last proce was at $0.0040 haha

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=txso&TimeRange=1825&Interval=m&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=200&Indicator1=AccDist&Indicator2=CMF&Indicator3=StochRSI&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[simon song]

Yes been a long wait.. fingers crossed !

[benchman]

Nice to see. If we break .005, this should really start moving. $TXSO

[simon song]

Somone’s loading up close 10M bids following up from $0.002 to $0.0028 now.
Could see a huge move very soon

[simon song]

Finally a reversal.

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=txso&TimeRange=1825&Interval=m&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=200&Indicator1=AccDist&Indicator2=CMF&Indicator3=StochRSI&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[The Night Stalker]

fake DD

[spec machine]

Not good

looks like all that activity was just dead cat not bouncing

another filing missed, headed for grey sheet

anyone know when the dreaded "E" will get appended to the ticker?

spec

[simon song]

Agree, but at the same time, never know. Just needs few dollars to take that out and let it fly off.
Chart looks primed for another run.

[benchman]

Probably not today though. 2.5 million shares for sale between .005 x .0057. Total volume today is only 240K, so we are not going anywhere, lol.

[benchman]

Definitely looks that way. $TXSO

[simon song]

It's ready to go again.
I think we will see much more gain. Then catch people's radar. Then much more gain!

[benchman]

Not many posts anymore. Pretty big dip over the last few days, but it seems to be firming up now. GLTA $TXSO

[skay1]

Hope so..with the energy crisis down in TX..you would think they would have at least a press release of some sort

[Nebuchadnezzar]

TXSO ready for a penny

[Entjay]

Definitely agree. Maybe even close to 10,000% over a few days if any huge news comes out.

But I guess I'd live with 1,000% too.

We should be hearing/seeing something within a few months or not at all.

[charliewho]

TXSO gonna bust loose soooooon. I averaged up today, let’r rip!

[simon song]

Yeah i think TXSO is one of those that can easily do +1,000% in a couple days when the time comes.

[Nebuchadnezzar]

TXSO is soooooooooooooooooo thin

[simon song]

Think it’s matter of couple days for next leg up.

[Nebuchadnezzar]

Good morning TXSO. Penny bound easy

[Golden Cross]

Chart looking very nice here

[The Night Stalker]

sneaky runner

[Entjay]

His dad was also injured when JFK was assassinated because he was in the car.

His son?

"John B. Connally is the co-head of V&E’s Energy Transactions and Projects group. Considered one of the country’s preeminent oil and gas transactional lawyers, John B. represents a wide range of clients, including public companies, private enterprises and private equity firms, in domestic and international upstream and midstream mergers and acquisitions, joint ventures, and development transactions."

His son is one of the most well known lawyers in the gas and oil industry. Having made a lot of billion dollar agreements.

This really seems like it's lined up perfectly.

[canestsal]

Current Short Interest: TXSO

Currently approximately 75% of freely traded shares represent short interest

https://www.otcshortreport.com/company/TXSO

[canestsal]

Current State of Operations (Feb 12 2020)
***Please conduct your own due diligence, this information is as factual and up-to-date as I was able to ascertain***THIS POST IS NOT MEANT TO ASSIGN A VALUE OR PRICE TARGET FOR THE COMPANY, AND DOES NOT TAKE INTO ACCOUNT LIABILITIES OR THE CURRENT SHARE STRUCTURE***

Texas South Energy (OTCBB: TXSO) Assets and Allocations:


The Tau Well Offshore Gulf of Mexico (GOM) Asset

TXSO Currently Has A 5% Working Interest in the Lease
Indicated Reserves = 300 MMBOE, $18bn (TXSO = $900,000,000)
Location is at Ship Shoal Blocks 336, 351 GOM
GulfSlope Energy Inc originally hired the EnscoRowan drillrig to drill the well into
Subsalt Miocene Sand Level, however equipment limitations prevented full-depth and
multiple location drilling in the area. The lease on the rig expired, and the rig had
contractual obligations with other companies for other targets. This led to an insurance
claim and subsequent lawsuit with the insurance company, which was settled in GulfStream's
favor. GulfStream has a clean balance sheet and intends to drill the prospect again in 2021
to penetrate deeper into the Upper and Middle Miocene Sand Layer. An adjacent well, the Mahogany
offshore well, is in production with 4,200 BOE/d and operated by W&T Offshore (NYSE: WTI)
(https://www.offshore-mag.com/drilling-completion/article/14033666/gulfslope-abandons-tau-well-for-now)

Louisiana Bayou Bouillon OnShore Lease Assets

TXSO Currently Has A 45% Working Interest in these Leases
Inidicated Reserves = 20 MMBO, $1.2bn (TXSO = $450,000,000)
- 4 Actively Producing Wells (800 BOPD) (TXSO = $18,000 / day)
- 1 Shut-In Well Awaiting Pipeline Completion
- 1 Injected Well
- 7 Well-Drilling Permits
TXSO has partnered with Sugarberry Drilling, Thyssen Petroleum USA and Sydson Energy to develop the
Louisiana Prospects. Drilling efforts cannot be ramped up until due to pipeline and production facility
restrictions (http://www.drillingedge.com/louisiana/operators/bayou-bouillon-operating-llc/b2040)

The Wilinda Poject, Wilson County, Texas

TXSO Currently Has A 25% Working Interest in the Lease
Indicated Reserves = 300,000 BOE, $18mn (TXSO = $4,500,000)
The Richter 1H Well was discontiued as the well intersected a previously unknown fault line, which
allowed high pressure water into the frac layer. The well will be redrilled in 2021, 500ft away from
it's current location to avoid the fault line. Flowback operations on the well were discontinued in
2019, but will resume in 2021 in the new location.
(http://www.texasouth.com/wp-content/uploads/2019/06/20190613_texas_south_press_release_1.pdf)
King Hall Estate Well and King Hall Estate Well-A are both operational, but BOE/day are unknown

Vermilion Block 378, GOM Canoe Off-Shore Project

TXSO Currently Has A 45% Working Interest in the Lease
Oil Sands were encountered during drilling, but reserves are unknown at this time. Holes were plugged,
for further drilling at a later date.
***IN MY OPINION, THIS LEASE WILL BE SOLD OR ABANDONED AT THIS TIME***
(http://www.texasouth.com/wp-content/uploads/2018/08/20180828_texas_south_press_release.pdf)

High Value Off-Shore GOM Targets

TXSO has working interests in 6 other high value off-shore targets (Selectron, Photon, Tanker,
Graviton, Pomeron, and Tachyon) Current oil reserves are unknown as these are still in the exploration
stage. ***IT APPEARS AS THOUGH THE CURRENT INCREASED VOLUME IN SHARE PRICE COINCIDES WITH THE BIDEN
ADMINISTRATION'S DECISION TO SWIFTLY APPROVE DOZENS OF OIL DRILLING PERMITS IN THE GOM IN HIS FIRST
FEW DAYS IN OFFICE*** JAN 27 2021
(https://www.bloomberg.com/news/articles/2021-01-27/biden-issues-dozens-of-oil-drilling-permits-in-first-few-days)

Bee County Texas Wells and Prospects

TXSO has working interests several injected and operating wells in Bee County, Texas but the BOE/day
production and estimated oil reserves are not known (by me) at this time. These appear to be shallow
wells and easily accessible with smaller size drilling rigs.

[spec machine]

It's a sleeper for sure

spec

[canestsal]

Once this finds it’s legs, the gains are going to be absolutely insane. There is so much here and nothing is reflected in the current share price. This stock will see absolute insane gains soon I am very confident.

[Nebuchadnezzar]

Very thin and low SS

[doingfine]

[doingfine]

Joined in with a starter and will be adding ... Looks like a nice runner over time.

[canestsal]

Still in negotiations. Not yet.

[simon song]

I added some more at $0.0054 today so I actually profited today as well :)
Spread was so big, being down -30% was not actually -30% down. It was only 2 and a half ticks. Haha

[simon song]

We definitely did alright today. Only down -6.25% after a +166.67% gain. I think we only have to wait a few days max for the next leg up.

[canestsal]

Neb, a few more weeks.

[canestsal]

This is definitely waking up. This is one to watch over the coming weeks.