Quintanilla has also " been successfully fracced with 19 stages...

Quintanilla has also " been successfully fracced with 19 stages and will begin flow back operations later this week".

With these dates from pg 7 of the merger presentation 13/11/12:

First Court hearing occurs January 2013
Scheme Booklet is despatched to Texon shareholders January 2013
Texon Scheme Meetings held February 2013
Second Court hearing to approve Schemes February 2013
Implementation Date March 2013

...it looks like TXN are trying to get 2 new wells on to production before absolutely committing to the merger.

Maybe they're actually trying to "passively" flush out other bidders?