Strike’s scheme of arrangement would have acquired Talon through agreed exchange ratio of 0.4828 new Strike shares per Talon share, plus the retention of the Mongolian assets by the Talon shareholders. Talon also requested the inclusion of an interim funding facility of up to $6 million to help fund Talon’s capital requirements.
However, the two parties were unable to reach terms. As a result, Strike’s board of directors have ceased engagement. However, Strike will continue to operate the Walyering L23/EP447 joint venture with Talon as part of its Perth Basin exploration, appraisal and development program.
2023-11-28 - Petrobras plans to invest $102 billion between 2024-2028 under its new strategic plan, up 31% compared to their 2023-2027 plan, aiming to achieve production of 3.2 MMboe/d by the end of the five-year timeframe.
2023-11-28 - Emer Higgins will oversee Capstone Green Energy’s manufacturing, procurement/planning, warehouse, environmental, health/safety and facilities departments.
2023-11-28 - The Hall of Fame honors groundbreaking pioneers in the energy sector from the last 50 years and Hart Energy is recognizing more than 20 Agents of Change in Energy who are making positive impacts on how the world is powered now and into the future.
2023-11-27 - Ellen R. DeSanctis, formerly a senior vice president at ConocoPhillips, replaces Strategic Value Partners’ David Geenberg who is stepping down as his firm reduces its equity in SilverBow.
2023-09-14 - Swan is the current president of Panasonic Energy.