Colby's Response to STX Offer, page-97

Nawh merger with TEG is just playing with fire. No real money coming in and they're just relying on being carried through L7 / EP437 exploration.

If TPD and NZO could work something out they'll have a company with enough cash to handle all their Perth basin exploration expenses + stuff out of country. If L7 / EP437 did end up with a massive resource then you'd look at TEG - but TEG by itself without a proven viable resource is just asking for trouble.