merger details out, page-76

listened to the presentation, took nearly an hour

one thing that was clarified is that texon is broke and needs to now draw on the debt facility going forward

another thing was discussed was the options, they are all underwater except john mentioned about 30,000

so straight 245 is the deal and not the 17.6 additional options

sea plans to run a rig full time on the efs by mid 2012

cant see texon doing anything with any op's now other than the efs until march 2013,, so groundhog days forever more

again, as b4, absolutely disagree with price given for efs

TXn will now be trading at 50% of SEA sp locked in and thats it..