merger details out, page-187

stlamc

Abraxas will retain the rights to its Edwards production, reserves and upside across both its Nordheim and Wagner lease blocks. Closing is estimated to take place in early December. Petrie Partners acted as financial advisor to Abraxas in this sale.


the SEA deal stinks for txn holders, what i wonder about is responsibility, surely you dont spend the entire kitty in the hope of a deal with sea without shareholder approval?

imho you get approval first then spend..

texon have imho overstepped the mark by railroading this deal with a MOU with SEA that places the shareholders in a bind,

basically they have no choice

i have voiced my NO vote, as i think the sale price is basically bordering theft..