Strike Energy Limited (ASX:STX) made an unsolicited confidential, non-binding indicative proposal to acquire Talon Energy Ltd. (ASX:TPD) on July 19, 2023. Strike Energy Limited (ASX:STX) entered into a binding scheme implementation deed to acquire Talon Energy Limited on August 14, 2023. The Scheme is unanimously recommended by the Talon Board of Directors in the absence of a superior proposal and subject to the independent expert concluding and continuing to conclude that the Scheme is in the best interests of Talon shareholders.

The transaction is subject to approval from Court and Shareholders of Talon. James Nicholls, Owen Alcorn, Courtney McVeigh, James Nicholls, Madina Eira and Emily Donley of DLA Piper Group acted as legal advisor for Strike Energy Limited. RBC Capital Markets, LLC and Sternship Advisers Pty Ltd. acted as financial advisors and Allens acted as legal advisor for Talon.