TXN 0.00% 58.0¢ texon petroleum ltd

merger details out, page-2

  1. 640 Posts.
    1SEA for each 2TXN (holding only the EFS acerages)
    1 TALON (holding all other TXN assets) for each TXN

    Values TXN's EFS at $105.8m = $14.7k/acre

    No mention of what SEA is doing to claim its 1031 asset exchange.

    Looks like short term very little changes except we get the SEA board to manage the EFS acerages
 
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Currently unlisted public company.

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