One of the possible corporate plays mentioned the other day in...

One of the possible corporate plays mentioned the other day in OneForDaMoneys post was TLM and HLX combining. To me this makes excellent sense and potentially would add considerable value for both parties:

HLX has excellent ground around Cobar with drill ready targets but is severely constrained by limited funds for drilling - I have little doubt that with the funds to do more drilling more resources can/will be discovered.

TLM on the other hand has recently sold their flagship Monty project, have plenty of cash (indeed they are so cashed up they are trying to work out with the ATO the most tax effective way to return cash to shareholders) and they have just entered the Cobar district. 

 A combination of the two would enable aggressive drilling of HLX's drill ready targets (rather than TLM starting exploration from an early stage on their newly acquired Cobar targets) and has the potential to really get things moving for the combined entity. At face value it looks like a marriage made in heaven.....