Talon Petroleum is offering significant equity in return for funding a well to test the Skymoos prospect in licence P2363 (blocks 14/29a & 14/30a). The prospect is located to the north of Equinorâs Verbier Discovery and to the east of the Scott and Telford fields. The prospect is defined as a large stratigraphic/structural combination trap. Encounter Oil estimate Skymoos to hold a most likely STOIIP of 269 MMbo with a potential upside of 1,003 MMbo. The company estimate the well to cost GBP 9 million. Talon acquired the previous licence holder Encounter Oil on 15 May 2019 and announced that it had received strong interest from potential partners and is confident in securing partners in the near term. As of November 2019 the opportunity was confirmed to be still available.  The turbidite Burns Sands form the primary reservoir objective. The sands were derived from eroded Devonian Sandstones from the Halibut Horst to the north. During the late Volgian the sands were deposited in the Railway Cuttings Graben with maximum thicknesses of 400 feet. The prospect is dip closed to the north, south and west with a maximum closing contour of 8,100 feet and the crest of the structure lies at 7,600 feet. The oil is interpreted to be sourced from the Kimmeridge Clay Formation and Encounter expect a light oil to be present in the prospect with APIâs estimated between 30Â° and 35Â°.Â   Licence P2363 was awarded on 1 October 2018 in the 30th Seaward Licensing Round. Two exploration wells have been drilled in the acreage with the first being 14/30a-1 by Total in December 1977 but was dry and abandoned in January 1978. EnCore spudded appraisal well 14/30a-5 on 17 November 2011 targeting the Tudor Rose discovery. On 20 December 2011, the company reported that the well had reached a TD of 1,094m. It encountered an oil column within the target Beauly Formation and the oil water contact was interpreted at 986 m. Hydrocarbon samples were taken, pressure tested and the reservoir was wireline logged. The wellsite analysis of the hydrocarbons sampled indicates a viscosity of 600-800 Cp - this was likely to be too viscous to be commercially exploitable at the time of drilling. The well was plugged and abandoned on 22 December 2011.  Interest in P2363 is held solely by Talon Petroleum Ltd (100% + operator).  For further information please contact:Â   Matt Worner â matt@talonpetroleum.com.au  0061 429 522 924
Talon Petroleum is offering significant equity in return for funding a well to test the Skymoos prospect in licence P2363 (blocks 14/29a & 14/30a). The prospect is located to the north of Equinorâs Verbier Discovery and to the east of the Scott and Telford fields