I have to admit, I'm less confident with my opinion than I was a few days ago.
I wanted to make this clear before the trading day tomorrow, as I've been saying something many want to hear.
The reasons I doubt my own opinion are these:
No PR during the drilling of Buck Snag mentioned the 57% stake, or an outright holding of a Buck Snag stake.
The MXXR PRs mention a "partner" and an "operator," while Texhoma PRs make no mention of a partner.
The reasons I'm still leaning towards the opinion that MXXR increased its stake with the 42.5% (among other reasons stated before):
The PR stated that they acquired a 57% stake and released PRs as though they owned a stake of the project (and had already closed) as the well was drilled.
If Texhoma only acquired a total of 42% and then sold it to Matrixx, who owns the other 58%? (No other companies have been mentioned, but yet PRs were released within a week of each other stating that Matrixx got 57% and Texhoma got 42.5, adding to near 100%.)
With that said, I won't be suprised if we find out the answer is either of the two.
I'm holding either way.
Of course, all should trade as they see fit.
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