Talon Energy drilling on all fronts, honing in on maiden resource estimates

Thu 14 Apr 22, 11:07am (AEDT)
Drilling - Oil or gas drilling rig
Source: iStock

Key Points

  • Positive testing data will position Talon to deliver a maiden gas reserve estimate for the Walyering Project
  • Drilling at the Gurvantes XXXV Project has intersected high gas content and saturation
  • More positive results at Gurvantes could also position the project for a maiden resource later this year

Oil and gas hopeful Talon Energy (ASX: TPD) is ramping up drilling activities with a comprehensive flow testing program at the Walyering Conventional Gas Projected in the Perth Basin and a maiden drilling program at the highly prospective Gurvantes XXXV Project in Southern Mongolia. 

Mobilising Walyering 

Talon has a 45% interest in the Walyering Project, which is operated by the company’s joint venture partner, Strike Energy (ASX: STX).

The flow test program is scheduled to run over a 4-week period, gathering reservoir data to support a better understanding of the reservoir performance and resource.

On 6 December, pre-drill estimates at Walyering-5 confirmed the presence of high-quality, low CO2, conventional gas accumulation at the Walyering gas field.

Managing Director Colby Hauser said that continued positive well testing data will position Talon to deliver a maiden gas reserve estimate for Walyering.

Gurvantes XXXV drilling

The Gurvantes XXXV Project is located less than 20km from the Chinese-Mongolian border, within one of the most prospective coal seam gas basins, globally.

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The project is operated by Talon’s JV partner, TMK Energy (ASX: TMK). Talon can earn up to a 33% interest in the project.

Earlier this week, TMK announced that ongoing drilling activities had intersected 44m of gassy coal in the first well (Snow Leopard-1) as part of its high impact maiden drilling program.

Preliminary studies indicate high gas content and high gas saturation, consistent with the company’s current geological understanding. 

Snow Leopard-1 is one of four coreholes planned for the current drilling program, conducted over the next 3-4 months.

"Should drilling results continue to meet expectations we expect that the Gurvantes XXXV Project will book its Maiden Contingent Resource later in the calendar year," said Hauser.

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Written By

Kerry Sun

Content Strategist

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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