Strike Energy has executed a farmout of a 45 per cent interest in the Walyering gas project in Western Australia to Talon Petroleum.
Under the terms of the agreement, Talon will acquire a 45 per cent interest in EP447 in the Perth Basin, which contains the Walyering wet gas prospect, as well as a rights over EP495, which contains the analogous Ocean Hill gas discovery.
Strike and Talon are expected to form an unincorporated joint venture in EP447 following ministerial approval of the transaction.
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