you nearly tripped over yourself here trying to get all that out..
the wells will produce at similar rates and decline, imho close to $8 mill is feasible in 30 days
how many wells can they drill? depends on how much of the cash they use and how much of the loan they use. only one more well is left for a fra, no others are planned by texon atm..
not a fan of the merger and feel texons acreages are way too cheap in this deal, so SEA does get a steal, but its a win for SEA but a huge loss for the texon shareholders thats for sure.. but a win fro all?? NO,,
as for SEA rising to $2 or $3 ???? just fantasy in your eyes, but perhaps an explanation as to how it will get that type of market cap?? as a texon holder and sopon to be perhaps a SEA holder, would love to hear ho that is possible..
cheers
TXN Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
