MARKETS

Talon claws further share of Perth Basin assets

TALON Energy has increased its Perth Basin holdings to join Triangle Energy at its onshore acreage across permits L7 and EP437, taking 25% of each. 

The old Mt Horner field in L7

The old Mt Horner field in L7

It will reimburse Triangle's spend on seismic acquisition at a cos of $1.9 million, and pay 50% of well costs for the first well in L7 and 37.5% of costs for the second. This works out a $3.75 million...

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