For what it is worth I posted about a possible TXN and SEA...

For what it is worth I posted about a possible TXN and SEA merger/transaction back on the 5/9/12, Was not taken seriously at the time, do I get a spotters fee?

http://hotcopper.com.au/post_single.asp?fid=1&tid=1824318&msgid=10627151

They should consider a merger with TXN.

TXN - appear to be not very good at selling land but know how to get a horizontal well into production
SEA - appear to be very good at selling land but not so keen to share any operational updates
TXN - Has the oil producing land
SEA - Has the money to drill it
TXN/SEA - Drifting lower in SP because both have lots of valuable land or cash but not much drilling information.

Perfect match. Do not hold TXN.

Then followed it with the following post:

http://hotcopper.com.au/post_single.asp?fid=1&tid=1824318&msgid=10627347&getNext=1

If you merge TXN with SEA based on current mkt caps of both companies ($105m for TXN and $295m for SEA), you would have a $300m company with $170m ($145m and $25m for TXN) in the bank and Eagle Ford Shale that is basically proven and at starting point of probably 1,500 BOPED to kick things off. Even allow a premium of $100m for the merger and still looking good for a $400m company. Just thinking what you could do with the $171m part 1, II and III.