Talon Energy Ltd. announced that the WA Department of Mines, Industry, Regulation and Safety (DMIRS) has granted Production Licence L23 to EP447 Joint Venture Partners Talon (45%) and Strike Energy Limited (55% and operator). The grant of the Production License is a key approval required for the development of the Walyering gas field and has been obtained in line with the Joint Venture's scheduled timeframes. The procurement program for the upstream facility is now approximately 98% complete, with offsite fabrication approximately 65% completed.

The upstream facility remains on budget and on schedule for commissioning and start up by the end of first quarter of 2023. Final sliding-sleeve well completion equipment for the Waylering-5 and Walyering-6 wells, which will enable the management of production from the various reservoirs, has arrived, with the workover rig expected to mobilize to site in mid-February to undertake the well completions in preparation for the commencement of production.