STX 3.75% 19.3¢ strike energy limited

Ann: Talon acquisition update, page-3

  1. 229 Posts.
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    even if you say no we will still win

    "Should the Scheme not be successfully implemented and the Implementation Deed is terminated, Strike will resume its normal role as
    operator of L23/EP447 where the joint venture has recently increased the size of the near term capital program (via sanctioning the Walyering-7 well to be drilled in Q1/23) and Strike will call all existing drawn funds from the secured convertible facility that was established in order for Talon to meet its commitments during the scheme process. If all drawn funds and interest are not repaid within 60 days, Strike may enforce its security over Talon’s interest in the Walyering gas project."
 
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