Texon Petroleum Ltd (ASX:TXN) and Sundance Energy (ASX:SEA) Merger Presentation

Texon Petroleum Ltd (ASX:TXN) are pleased to provide a presentation regarding the Sundance Texon Merger Presentation.

Merger Overview

- Scheme of Arrangement for a proposed merger of Sundance Energy Australia Limited (ASX:SEA) and Texon Petroleum Limited (ASX:TXN)

- Texon shareholders will receive 1 share in Sundance for every 2 Texon shares

- Texon shareholders will own ~30.7% of Sundance post completion

- Potential to create a leading US focused oil and gas company with:

- Attractive and diversified portfolio of assets

- Material long-term growth potential

- Significant funding capacity

- Unique consolidation opportunity with significant benefits for shareholders of both companies

View the full presentation at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-TXN-706226.pdf



About Texon Petroleum Ltd

 

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Texon Petroleum Ltd
      

Sundance Energy Australia Limited