TXN 0.00% 58.0¢ texon petroleum ltd

merger details out, page-68

  1. 365 Posts.
    lightbulb Created with Sketch. 4
    so maybe we can look at the relative value each company is adding here as a bit of a thought exercise. I'm a total amateur at this so feel free to add in your own figures/thoughts;

    Texon:

    7400 EFS acres X say $25,000 per acre: $185m

    Total Texon contribution: $185m plus 500 boepd

    Sundance:

    4800 baaken x say $20k per acre: $96m

    cash: $165m

    Niobrara 9000 acres at ? per acre (I have no idea!)

    Missisippian 30000 acres at ? per acre (also no idea!)

    Total Sundance Contribution: 96m + 165m + niobrara + mississipian + 700 boepd.

    ?? is a 2 to 1 merger fair ?? thoughts?
 
watchlist Created with Sketch. Add TXN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.