July 20 (Reuters) - Strike Energy Ltd STX.AX :
* STRIKE ENERGY- AGREED TERMS WITH TALON PETROLEUM FOR ACQUISITION BY TALON OF A 45% NON- OPERATED INTEREST IN WALYERING
* STRIKE ENERGY- DEAL ALSO FOR FORMATION OF UNINCORPORATED JV FOR APPRAISAL AND, IF WARRANTED, DEVELOPMENT OF WALYERING
* STRIKE ENERGY- STRIKE WILL REMAIN OPERATOR OF PERMIT AND OF JOINT VENTURE