Talon Petroleum is a junior ASX listed oil gas explorer focused on delivering long term shareholder value through a balanced and diverse portfolio of oil and gas exploration and appraisal assets in both Australia and the UK North Sea.
Under a farmin agreement with Strike Energy Limited (Strike), Talon is to acquire a 45% non-operated participating interest in EP447, which holds the Walyering gas appraisal prospect. Walyering holds a gross 86Bcf (gas) and 2.18mmbo (liquids) best estimate in place prospective resource (38.7Bcf and 0.98mmbo net to Talon).
Talon has agreed to farm-in to a 10% interest in Licence P2396 (“the Licence”). The Licence, operated by Corallian Energy Limited (“Corallian”) is located in the prolific Central Graben area of the UK North Sea and contains the Curlew‐A discovery made by Shell in 1979.