2009-10-27-2009-07-23

To acquire company, gaining 2.5 BOE/d.

Privately held, Vancouver-based Fifth Avenue Diversified Inc. plans to acquire Talon International Energy Ltd., Calgary, (Toronto Venture: TAR) in a reverse takeover. The merged company will named Canadian Energy Exploration Inc. Talon's assets include working interests ranging from 2.675% to 8.328% in seven gross (0.38 net) producing oil wells and 13 gross (0.57 net) nonproducing gas wells in the Redwater-Bruderheim area 40 miles northeast of Edmonton, Alberta. During the five-month period ended June 30, net production from the Redwater assets was approximately 2.48 barrels of oil equivalent per day. The effective date is Oct. 7.