Talon Petroleum has agreed to acquire EnCounter Oil. Under the terms of the deal Talon will acquire licences P2363 (Skymoos prospect) and P2392 (Rocket prospect) along with the two founders of EnCounter Oil.   The Rocket prospect is thought contain prospective resources of 27 MMbo and is a Paleocene Cromarty reservoir target with an overlying Tay Sandstone upside. The acreage borders the Greater Catcher Area development with the Rocket prospect analogous to the Catcher Area discoveries. The Skymoos prospect is thought to contain 107 MMbo of prospective resources. It is located north-east of the Goldeneye field in block 14/30a. It is a structural/stratigraphic closure within the Upper Jurassic Burns sandstone reservoir with additional potential in the underlying Claymore sandstones. It has many similar geological characteristics to Buzzard. Both prospects are available for Farm-out.   Following completion of the acquisition Talon Petroleum will hold 100% interest in the acreage.
Talon Petroleum acquired EnCore Oilâs 100% interest in the recently awarded licences P2363 (Moray Firth) and P2392 in Central Graben.