Quick observations not already covered (based on my quick scan...

Quick observations not already covered (based on my quick scan above).

Informal view among analysts was that a deal was likely this half because directors will not want to come back again in Jan to extend options date again.

Txn would have been much more impressive in their sales pitch if they had cleaned up some pooling and operational issues before going to sale. Tainted their reputation a little with potnetial buyers by not doing so until now.

Txn 1 and 2 separation makes sense in terms of facilitating EFS sale.

Development work about to commence in terms of new wells will strengthn TXN's hand in selling EFS.




Good to meet rrw and JohnHarris :)