TXCO Resources, Inc. (TXCO)

rlmc77 (< 20) Submitted: 2/06/08 2:01 AM : Start Price: $12.65 TXCO Score: -2.78

Great oil and gas exploration and development compnay. Has dominate position in Marverick Basin, Texas which includes oil, gas and Tar Sands. The Pearsall gas play may become the next Barnett Shale play and 7-10 million barrels of oil in the San Miguel Tar Sands basin will result in over 1 million net barrels to TXCO and partners. TXCO will sell or JV with others while retaining % ownership and/or royalites. Already has large position in west Texas Marfa Basin which will be next on development phase over the next several years. TXCO will prove the play. increase value and then repeat the JV process once again.

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