News Articles for Talon Energy

New seismic data has revealed that Triangle Energy may be sitting on a gushing 36 million barrels of oil and 535 billion cubic feet of gas as best-estimate prospective (P50) resources in the North Perth Basin. The company plans to drill-test two of its 12 new prospects that hold part of the volume, with wells kicking-off in the first half of this year.

Strike Energy has become the Perth Basin's newest gas producer, commissioning gas into the state's Parmelia pipeline from its Walyering joint venture project.

The imminent production milestone at Strike Energy's Walyering gas project in the Perth Basin has taken a back-seat as regional rhetoric and policy changes ramp up.

Strike Energy has announced it will acquire Perth Basin joint venture partner Talon Energy, just weeks after withdrawing an unsolicited proposal for the company.

Triangle Energy will ramp up its oil and gas chase after receiving $15 million from Pilot Energy for the sale of its share in the Cliff Head oilfield and carbon reinjection joint venture in waters off the Dongara coastline in Western Australia's Mid West. The consideration will be paid in three stages and is expected to be completed early next year.

Perth Basin resident Strike Energy made an unsolicited proposal for its joint venture partner Talon Energy that has since been withdrawn.

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Joint venture partners Strike Energy and Talon Energy have struck another deal for their Walyering development with oil and gas giant Santos.

Strike Energy is gearing up to report its first operating profits from the Walyering gas field after finishing the quarter in a “unique position”, its chief executive says.

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Oil producer Triangle Energy Global has wrapped up the acquisition of two highly-prospective oil and gas permits in WA's Perth Basin, handing over 31.3 million shares to Key Petroleum to seal the deal. The company previously held a major stake in both assets and mopped up the balance in exchange for $600,000 in cash and $500,000 in shares to be issued by June 30.

Seismic data from the Perth Basin has unveiled four high-graded oil and gas targets within two permits for a joint venture led by WA-based producer Triangle Energy. Drilling is now scheduled for the first half of next year, while work is also ongoing to further define the identified targets, in addition to adding others to the list.

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ASX-listed oil producer Triangle Energy has closed the book on a solid December quarter, tabling a host of milestones including its second oil delivery to a refinery in Thailand via an all-new shipping route, farming out two gas prospective permits to Talon Energy and raking in $6.6 million courtesy of oil sales associated with its Cliff Head joint venture partnership with Pilot Energy.

Triangle Energy Global has reeled in $9.96 million after farming out 25 per cent of its L7 production licence and EP 437 exploration permit in WA to New Zealand Oil & Gas. The deal follows a similar agreement with Talon Energy last year and allows Triangle, who still retains a 50 per cent stake in the assets, to advance exploration in the zones via the newly formed joint venture.

Joint venture partners Strike Energy and Talon Energy's Walyering gas field development in the Perth Basin is one step closer to becoming operational after receiving its production license.

WA oil producer Triangle Energy has farmed out a 25 per cent stake in two onshore gas permits in the Perth Basin to Talon Energy in exchange for a $9.26 million pay day. The company believes the zones host significant gas resources and plans to unlock its potential through a trio of new exploration holes in 2024.

Santos has signed up to buy gas from Strike Energy and Talon Energy's Wayerling gas field development under a new supply agreement.

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Strike Energy will soon start testing at its Walyering-6 well as the Environmental Protection Authority gave the company the go-ahead for the project.

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Talon Energy will be exiting its portfolio of UK North Sea exploration assets in order to focus on its more advanced stage projects.

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As the big offshore gas projects planned for WA's north face more delays and uncertainty, the prospects for developing onshore gas fields in the Perth Basin get better.

Strike Energy project partner Talon Petroleum has raised $5 million from a share placement to fund an upcoming drill program in the Perth Basin.

Strike Energy has signed an agreement with ASX-listed Talon Petroleum, which will begin drilling the Walyering appraisal well in the Perth basin next year.