The Strike-Talon SOA and the associated financials of the transaction were announced in Aug 2023, with voting by Talon scheduled for Dec 2023. The 0.48 STX share for each Talon share was based on company valuations at a time when there was upcoming risk with the testing of the SE wells. Did you expect that Talon SH's should get a 'free look' at the SE2/3 flow tests prior to deciding whether they would accept strikes offer? It makes sense to me that well testing by STX should have been delayed until after the SOA was voted on.
TPD - Undone, page-34
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