Replies to post #2388 on Value Microcaps Junior Energy

[arnie70]

kipp440
Thanks for the TXCO link,
It is one of my few winners,

[nutsaboutgolf2001]

TXCO: I had a quick look, everything is growing but earnings and the share price. Both are difficult to understand as they seem to be producing a lot of oil so you'd think that the earnings would have grown significantly over the last two years. Part of the problem is huge D&A charges which suggests that individual wells have a very short life and that drilling costs per well are relatively high.

[2morrowsGains]

TXCO...The 2008 annual meeting of stockholders will be held this Friday @ 10 a.m., CDT.
Hopefully we get an update.