from Talon's announcement
GreenFlame to acquire Strike Energy’s 67% interest in PEL 96 via conditional Share Purchase Agreement for relevant holding company
• Consideration payable:
• Nominal fee; plus
• GreenFlame to assume responsibility for relevant rehabilitation liability applicable to Strike’s 67% interest, being an amount equal to A$1.56mm and
replacement of Government Bond (A$200,000)
AGL - 100% owned by EWC - owns the other 33%. Suspect this means either PEL 96 is worth FA, or Strike has just had its pants torn off.
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from Talon's announcementGreenFlame to acquire Strike Energy’s...
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