Ann: Talon Transaction, page-158

I decided to look into the past three quarterlys of Talon's after you posted above. First question. Why is Gurvantes classed as a non-current asset? In previous quarterly this was classified under oil and gas assets but it is still included in total of 8874 amount shown above. If its Walyering then same question - why non-current asset. Future forecasting (from latest quarterly) has this expense disappear with only operating and exploration/evaluation expenses forecasted. Why funding facility required? Other expenses noted have been Triangle JV. $1.9M to be split between March and September this year with forecast of $7.3M expenditure next year on drilling.

Perhaps just clever accountants playing with shareholders.

The Australian dataroom said "Buyout negotiations between Strike Energy and Talon Energy are understood to have stumbled over how to treat the latter’s Mongolian Assets, working capital and business conduct in the lead up to the deal."

Perhaps STX also couldnt understand their quarterly???