Sundance and Texon Merger Presentation
Brisbane, Nov 13, 2012 AEST (ABN Newswire) - 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
Contact
Texon Petroleum Ltd
T: +61 7 3211 1122
F: +61 7 3211 0133
E: texon.info@texonpetroleum.com.au
WWW: www.texonpetroleum.com.au
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