Colby's Response to STX Offer, page-225

It is concerning TPD and STX could not get a deal done, Waylering is and always has been quite a high risk play. The tenements previous drill only produced gas for six months and it has been clearly stated the current drill has a "~5 year plateau plus decline". That statement came out of an STX presentation I found from back in June. This is why IMO I doubt we will see interest from other companies in this play. This could also be behind the trepidation STX demonstrated to go higher than the 21.48 cents with there offer. Anyone buying out Talon will want to ensure there is a few bob in it to cover the associated risks of such a short term play. The un drilled tenements are just that undrilled and unproven, undrilled tenements get sold all the time and normally they are not too high in price so that is not the show stopper here IMO.
I was in early and will get out of this positively which ever way this thing falls from here. My initial investment was made with STX in mind as the logical suitor of Talon so what I hope for is that Colby and SN are still talking behind closed doors and a deal gets done. We will be better served long term if we find a way of pulling all the tenements together under one banner. IMO and GLTAH.