TXN - Texon Petroleum

[Agentm]

i think the market is pricing in the $54 mill they will hand over for the wells being drilled.

that will send the sp down, and the end result will mean texon holders may be seeing SEA at .40 cents... so the eagleford will be worth less than they paid for the leases

i wont vote for it..

they need to get on with the sale...

 

[Kremmen]

i wont be voting for the merge, but will vote for the de-merge of txn/talon..

The big problem is: What's the better alternative? TXN has been trying to find someone to buy them out for ages, with zero success.

TXN could have had 20 ... 30 ... wells by now if they'd had the capital. But they don't. SEA can put their massive pile of cash into making TXN what it should have been.

Otherwise, how many years do we sit and wait for TXN amount to anything?

 

[Agentm]

kremmen

stop being logical and correct about things... lol

yes your correct in terms of cash, but it doesnt get my vote...

texon need to work harder and sell this efs, and the clock is running down.

the merge imho should never happen, if AUT allow the acres to go to SEA then i think their major holders will be leaving in droves, as who would have faith in a company that cant secure efs acres at $25k - $35 k per acre???

the SEA merge is just fancy in my view.. if its a reality then SEA will achieve the greatest oil deal of the millennium!!!

its grand theft as it stands..

 

[Miner]

No ripple in the market inspite of the announcement today http://asx.com.au/asxpdf/20130103/pdf/42c8997gz5lk26.pdf and every Tom Dick and Harry making money on a bullish news, TXN director is 'extremely pleased" but no one else.

What is going wrong with TXN ?
Funny the announcement can not distilled into PDF and to be attached due to protection

Cheers
PS : i am interested to see my tip to go up - but seems no one is buying TXN story as published

 

[Miner]

Interesting to see at the close of session on Wednesday, TXN traded almost more than double the normal volume though price remained little changed. Some one is slowly building stake ??

No ripple in the market inspite of the announcement today http://asx.com.au/asxpdf/20130103/pdf/42c8997gz5lk26.pdf and every Tom Dick and Harry making money on a bullish news, TXN director is 'extremely pleased" but no one else.

What is going wrong with TXN ?
Funny the announcement can not distilled into PDF and to be attached due to protection

Cheers
PS : i am interested to see my tip to go up - but seems no one is buying TXN story as published

 

[Kremmen]

Interesting to see at the close of session on Wednesday, TXN traded almost more than double the normal volume though price remained little changed. Some one is slowly building stake ??

Sometimes, the market makes little sense. A couple of good results recently have pushed up prices a little, but I reckon it's being held back by SEA now.

 

[Ramblin Round]

I have read the areas involving foreign investors (myself being one of them). How will this affect my pink sheet Texon holdings ? If anyone can provide color on this I would like to know others' thinking as to how they see it playing out for TEXOF shares held here stateside.

 

[Kremmen]

TXN has split off its subsidiary, Talon.
The rest of the company has been acquired by SEA.

It is no more. It has ceased to be.