Talon Energy 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 Mongolia.
Talon Energy Ltd is in the process of earning an interest in the Gurvantes XXXV Coal Seam Gas Project located in Southern Mongolia. Exploration activities at Gurvantes XXXV commenced in early 2022.
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).
In January 2021, Talon announced that it had entered into a non-binding option agreement with Macallum Group Limited (Macallum Group) to acquire a 100% interest in the area covering the Condor Structure located on EP 494 and SPA-0081 (Condor Prospect) in the onshore Perth Basin.