Ann: Good Oil & Gas Conference, page-218

Talon has paid $12.808M for its 45% share. Just look at item 2.1 f in TPD's last 4 quarterly cashflow documents.

That means the total cost of Walyering is at least $28.5M. That is a cost overrun of more than 100% from the original budget of $14.4M (100% basis) announced by Strike on 15 Aug 2022. That announcement also said first gas would flow into the Parmelia pipeline in 4 months, that is by Dec 2022.

Here we are 13 months after FID and Strike's 4 month timeline seems to show their project mangement and budgeting skills may be lacking.

Let's not forget that Strike has also reported inclement weather has been a factor. The long term records published by Elders Rural Services for the surrounding farming community show that the nearby settlement of Cataby has a long term average of just 100 wet days a year. And BOM shows that Cataby has had 85 wet days up to yesterday.

But I did hear that it rained there today, so I expect more delays are inevitable.