from Talon's announcementGreenFlame to acquire Strike Energy’s...

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.