Talon Petroleum is a Texas and Gulf Coast focused exploration and appraisal company. The company strategy is focused on low risk, liquids rich prospects in mature, well serviced areas. Talon expects to add value through utilising modern drilling and fracture stimulation technologies.
Talon already has a diversified portfolio of assets which include the non Eagle Ford shale Texon assets, with two producing wells and 1P, 2P and 3P reserves of 79 mboe, 718 mboe and 2.09 mmboe respectively (NSAI - 1 August 2013). *
* Further details regarding the mid-year 2013 reserves can be found in Talon's latest interim financial report released on 13 September 2013 ("Interim Report"). Talon is not aware of any new information or data that materially affects the information regarding the mid-year 2013 reserves included in the Interim Report and all the material assumptions and technical parameters underpinning the estimates of reserves in the Interim Report continue to apply and have not materially changed. Note that the boe conversion ratio used is 6 mcf : 1 bbl.