merger details out, page-39

My two cents on this is while it certainly is not what I wanted or expected at least we will have better management handling the efs, just the other day we were discussing how many wells does it take to become a self funded developer, well I think we are about to find out. If txn got the better deal then sea suffers with a downgrade and then txn suffers in turn, this deal sea gets a good deal and fits their buisness model plus they have a lot of cash in the bank so market give stem a tick and this effectively improves your txn rate. Personally the guys at txn have shown they are completely incompetent at selling so happy for the efs to go in a share exchange, how many out there would prefer 41c per share cash offer instead of 2 for 1?
Also maybe txn have a big opportunity they just have to drill before someone else does so they are first movers, maybe another efs in east Texas. Who knows but at least our most valuable asset is now in safer hands. Roll on approval and get those sea drill bits sharpen because we got some Drillin to do to catch aut.