new drill results out, page-21

cowboy72 all TXN staff are going to Talon. Presumably SEA will acquire all intellectual property of TXN post merger.

The quarterly is due soon so that will shed more light on our financial situation. We had 16 million in September plus drilling costs back from SEA which must be well over 20 million for the quarter.

The 20 million debt funding was finalised a month after the merger with SEA was announced so it must be backed by Talons assets. Probably why the interest rate was so high as a risk premium.


TXN have been remarkably successsful with their drilling campaign to my mind. Kudos to their technical team for delivering good results consistently. Lets hope they continue to deliver in 2013 as Talon!