TXN did say that there was as Austrlian entity looking at their...

TXN did say that there was as Austrlian entity looking at their Eagle Ford acerage and AUT would have to be seen as a potential purchaser.

If they were to make an offer of 1 AUT for every 4 TXN (equals about $0.88 per TXN share) they would be getting a bargain on the acerage and TXN shareholders would be getting a significant premium to the current trading price. Some shareholders may want more, but I would happily accept an offer like this.