I have been looking at a prospectus wondering if anyone has subscribed?
Oil and Gas Exploration (Drilling 3rd quarter 2007)
$1.32 million cash as at 31 December 2006.
50 cent per share
4 shares = 1 free option
On the surface it looks good, a total of 90 million shares on offer at the end of offer, already has 50 million.
Their is a seismic data specialist in the dealing offering first pick of data for Texon, through another company Wandoo until June 2012. Primarily in the Texas gulf region.
15 initial wells to be drilled begin 3rd quarter 2007, all close to existing pipelines.
Directors look to have good backgrounds.
(Chief Executive Officer and President)
Mr David Mason is President and Chief Executive Officer
of Texon and its US Subsidiaries.
Mr Mason founded Wandoo in July 2005. Before
his involvement with Wandoo and Texon, Mr Mason
worked for 24 years in the oil and gas industry with
three multinational companies namely, BHP Petroleum
(1982–1986), Petrofina (1987–1996) and Woodside Energy
(1996–2005). During this time, he gained experience in
petroleum ventures in Australia, South East Asia, North
Africa and the USA.
Dr John Armstrong
Dr Armstrong has had a 35 year career in the upstream oil
and gas industry including 9 years with UNOCAL in South
East Asia and over 20 years in senior management roles
Bernard Rowley was Chief Executive Officer of Suncorp
for 10 years. Prior to that appointment he was General
Manager for the insurance operations and had previously
served in various actuarial and information
Any thoughts on this one? I know Oil and Gas IPO, not expecting a U movement on SP.