So they get 8 square miles of middle of the range Eagleford for...

So they get 8 square miles of middle of the range Eagleford for a third of the company .

Magnum Hunter gain exposure to the Canning , Merlinleigh and Cooper .... and the UK onshore Wealden basin which could go ballistic in 2014Q2-3 .

I'm happy about exposure to the Cooper and if it brings a bit of Magnum Hunters North American experience in the fine but if the Eagleford doesn't generate a serious return NSE are in trouble .

What I've learned over the past 6 months is that juniors who issue equity regularly end up trashing their register and making themselves very vulnerable to lowball takeovers .

The shareholder register has to be considered an asset too .