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Calm heads prevail: Strike Energy inks deal with rival gas minnow
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The battle to control Perth basin gas reserves which supply the booming WA economy has come to a head.
Following weeks of negotiations between Strike Energy, Talon Energy and a group of dissident shareholders, Street Talk can reveal a deal to merge the companies and project interests will be announced as early as Monday.
Stuart Nicholls is the chief executive of Strike Energy. AFR
It is understood Talon shareholders are expected to receive an implied offer price of $0.21 for Talon stock, as well as shares in a SpinCo which will house the 33 per cent interest in the Gurvantes XXXV Project in the South Gobi basin of Mongolia.
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