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$TXSO heavy volume already, getting loaded up for a run
just gotta chew through some volume, a lot of shares purchased dirt cheap a few months ago before the news on the COB broke
they're getting sold off way too cheap, IMO they're going to be sorry soon
spec
With the price of crude rising and demand increasing daily due to the corona vaccine, this should be much higher
All those onshore wells producing, that's some great cash flow
spec
The Wilinda Project
The Wilinda project in Wilson County, Texas, is an extension of the Austin Chalk/Eagle Ford play that is now being pursued across the entire Chalk Trend area from the Mexican border through Central Louisiana. The Austin Chalk, like the Eagle Ford, is generally considered to be a source rock, and recent results in Karnes County have shown that ultimate oil recoveries have been reported as much as 20% greater than the underlying Eagle Ford. The current play and its outstanding results are based on new generation high intensity fracture treatment completions which are still being tuned to the various areas of the trend.
At the Wilinda area, the Austin Chalk is found at a depth of about 5,000’ and is underlain with productive zones in the Eagle Ford, Buda, Georgetown and Edwards formations. Prior production from the Austin Chalk at Wilinda totals over 6,400,000 barrels of oil (BO) since 1961 together with a smattering of oil production from each of the other zones. While this area is up-dip from the current play (generally at depths of 8,000’ to 10,000’), production at nearby Darst Creek and Salt Flat fields totals several hundred million BO from these zones at or above 3,000’.
Texas South and its partners now hold about 4,400 acres of leasehold in the play and the Company owns a 25% working interest and is the Operator. The initial well in the play in this area, the TXSO Richter 1H, has been drilled and cased to a depth of 9,442’ with a 4,033’ lateral in the Chalk. Results from the frac treatment are expected during December 2018. Wells in the play are generally drilled on 80 acre spacing with subsequent infill drilling to 40 acres in a wine-rack model, so we currently have room for up to 100 wells on the Company’s acreage.
WOW $TXSO still under a penny????
Wayy undervalued at this price
multi-bagger for sure!!
spec
Spread so big, its not even funny lol
Last bargain price at $0.005 - $0.0054
Great info ! Ty for sharing :)
SOME VERY GOOD INFORMATION
Here is some really good, deep dive, due diligence on this stock. The current Chairman Of The Board Of Directors for TXSO is John B. Connally III, who has also now been appointed as Chairman of the Texas Lt. Governor’s Energy Advisory Board. Now, HIS FATHER, was John B. Connally Jr. who served as Treasury Secretary for the United States government from 1971-1972 and is seen as having great influence on both Ben Bernanke and Janet Yellen because he suspended the USD’s convertibility to gold and was the father of the modern floating currency. He also demanded that Nixon appoint his friend George HW Bush as Ambassador to the United Nations, which saved Bush’s political career and paved the way for both Bush’s to become president. He was also the former Governor of Texas.
There are definitely some deeply running political connections here.
Furthermore, filings with the SEC are showing that James Askew has slowly been acquiring majority stake ownership in the company. James sat on the Board with the company, and led the team in discovering high grade on-shore and off-shore oil deposits. James Askew is also the director of Endeavour Mining (TSE: EDV, $27.06). It appears as though James is aware of high grade deposits in the Gulf that TXSO owns, and I find it very interesting that he has been acquiring shares to the point of majority ownership and that the TXSO share structure has been reorganized very recently so that it is low float.
Anyway, draw your own conclusions but at least you are armed with some good information. Feel free to add anything I’ve missed. Cheers.
Good chance to get in before shoots up
I would think it’s a huge plus for the company. Look at the volume, we still don’t have 10 mil shares traded and we are up +166%
Float is less than 100mil per otc, imagine 50-60 mil volume day, we can do upwards of +500%
Good luck to us !
Yes, he is. I get what you are saying, I just wasn’t expecting crazy volume like this. Maybe his appointment will help the company secure contracts? Is that your thought process?
All the energy stocks are flying to all time highs even the shells, but this like you said is legit drilling company with chairman being affiliated with Texas State govnm’t, just updated their share structure on OTC yesterday.
Just matter of time we go 10x from here minimum.
I thought you already found out for us ;) the board member being Texas’ advisory member. That will blow this up just by that. Still under the radar, it will blow up tomorrow when people find out about this.
Something big is happening. I have a feeling we are about to find out what it is.
Share Structure updated yesterday. Float has to be less than 100 mil.
Less than 10 mil volume got us up +176% @ $0.0083 at the time of this post
Would love to know if this rise in price and volume means they hit something big in the Gulf. This stock is beyond overlooked. Even at 50 cents I’d consider it cheap.
I called today and honestly this is a legit drilling company. How did this get lost in the sub-pennies. They stopped filing because the costs far outweighed the benefits, but this company is 100% legit and revenue unlike 90% of the OTCBB/PINKS out there.
The Chairman of The Board of Directors has been appointed as Chairman of the Texas Lt. Governor’s Energy Advisory Board. They are using their onshore wells to fund their offshore wells. Unless the decide to abandon energy independence policies and offshore drilling in the Gulf, there isn’t much of a reason why this can’t scream higher. Really a Diamond in the rough here. Big time.
Still need volume but ready to move now
right needs a EV pump
Get it on twitter lol
https://www.otcmarkets.com/stock/TXSO/security
Super low Float
needs a pump
This could see $.05 on 500m shares
trades nutty but has a chance
Was that you with 50m on the bid at $0013?
Building a 10-15m position here
like this one, may miss it
this moved 50% on no volume
i like it
market too hot to pay attention to this
hope to own a big selection of trips, was a damn shame at GBHL, MWWC NUEC many others
EUOT will be step in right direction, also VPER, pretty sure im not new to this bro but where is my success? all i can tell you my failed success stories over the years and im cripple last 20 years, nasty genetic rare disease got me bad, im not like the rest of these cripples who sit around with a dick in the ass and piss and moan all day, just know i try in life
Armin
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