The Wildcatter Podcast with Peter Strachan: Talon Petroleum
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Stock analysis veteran and lover of the oil and gas game, Peter Strachan, is putting aside the Bloomberg terminal and picking up the microphone for another instalment of The Wildcatter Podcast.
In this latest episode, Peter interviews Talon Petroleum (ASX:TPD) managing director, Matt Worner.
Talon Petroleum has acquired four main project areas in the UK North Sea. Permits are prospective for a total of around 200 million barrels of oil equivalent, with the largest prospect at Skymoos, holding Prospective Resources of 107 million barrels.
Talon has also farmed-in to earn a 10 per cent interest in an estimated 39 million barrel discovery where appraisal drilling is planned in 2020.
The company is now seeking to farm-down to fund drilling in 2020 from its 100 per cent interest in permits L2363 and L2392. The business plan is to identify exploration targets, present them to potential partners, farm-out to drill and monetise value created through drilling success.
So tune in to hear Peter and Stuart discuss the North Sea’s low-cost shift, creating a competitive advantage as a junior and the changing of the guard in the Oil & Gas industry.
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