RE:RE:My thoughts on the presentaiton info.
Maybe the short holders were betting on TXP getting into panic mode and having to rush the drilling of Guabine and Bass and Steelhead and so thought there would be a placing to fund them to be drilled ASAP.
However, that all changed with the extension to July 2026.
TXP now have until July 2026 to drill as many exploration wells as they want, and then claim them all as commercial discoveries and then keep those areas.
This is also why they were pushing through Chinook as commercial as they could keep it then in the event the exploration license period expired.
As its now extened to July 2026 they have lots of time to drill all the exploration wells.......so there is no need to rush, no need for a placing.
There is a need though.........for the short position holders to buy back the stock they short sold.
:)