RE: Q&A1 Apr 2026 15:21
TXP undeniably suffered from the drilling Cas 4 and 5. Cost something like $15m and one well abandoned and the other producing approx 100bopd. CR3 was another $5m or so. If we stopped drilling, the cash would show up, but we keep spending it as we get tax credits. I know it always feels like jam tomorrow, but there are a lot of positives in the next 2-3 months, either already paid for or minimal expenditure. I expect the BoD to exercise capital discipline, take the increased commodity prices, and payoff some of the debt.