TXN 0.00% 58.0¢ texon petroleum ltd

merger details out, page-119

  1. 640 Posts.
    Hotfire,
    "Sadly I cannot trust these guys to be that caring."
    Pretty funny!

    Actually I don't think its a matter of lack of caring (I do actually think John & Cliff "care") nor do I think its a matter of lack of effort (I think they have "tried hard"). But unfortunately this is not a boy scout convention where everyone gets rewarded for their attempt.

    They can find oil and they can drill it - to me the fundamental issues are that their communication is terrible and they just can't get decent land sales.

    Hence the market is currently discounting Talon to $0.00

    Interesting to see that SEA's MD Eric McCrady was primarily a merchant banker http://www.sundanceenergy.com.au/about.htm
 
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