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UIC Jeff

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UIC Jeff

Re: None

Tuesday, 11/13/2012 6:01:22 AM

Tuesday, November 13, 2012 6:01:22 AM

Post# of 205
Merger with Texon (ASX:TXN/PINK:TEXOF)

Sundance - Texon Merger Presentation

- Dilution 2:1 stock payout to Texon Shareholders (~127 Million new Sundance shares will need to be issued)
- Paying a 14% premium for a stock which has been collapsing since April and near its 52 week low.
- Not getting the entire company to boot? All non Eagle Ford shale asset to be spun off into a new company?

Basically its 104M in Stock for 7000+ WI in Eagle ford Shale.
Texon EGM Presentation - 31 August 2012

June 2012 Quarterly Report

Outlines Texon's plan to sale the EFS assets and their production and cash.

Maybe I'm missing this, Sundance management must see good value here (I hope). But I hate the dilution...

Thoughts?
Jeff

"Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. " -- Gordon Gekko/

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