TPD 0.00% 21.0¢ talon energy ltd

Talon Today, page-1289

  1. 847 Posts.
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    Just wanted to add to the above on Condor.

    When you look where Condor actually is the structure sits right under hobby farms around Chittering so it might end up in the too hard basket due to push back by the locals. I've dropped a pin roughly where the structure is and it runs north to south.

    There only looks to have been 1 2D seismic line done through sort of over the structure but no 3D surveys shot over the area that I could see, so like some of the prospects / concepts on L7 the whole thing might disappear once a further 2D / 3D surveys are done. Getting further surveys done might turn into a mission with heaps of small landholders.

    Definitely doesn't seem like a slam dunk in my opinion. On paper the potential reserves are great though but its understandable why this wouldn't figure into the share price and isn't a priority for Talon.

    Happy to hear others thoughts.

    The original structure Talon set out to purchase off the Macallum Group it was called Muchea and it extended further to the west out to the pipelines. See announcement:
    TALON EXPANDS PERTH BASIN ACREAGE
    https://hotcopper.com.au/data/attachments/5157/5157590-94b872d54d5d826cb2deb9ec2329a28c.jpg

    Compare that to what they've renamed Condor and its now smaller and tightly located over a populated area, screenshot below is from the recent investor presentation.

    https://hotcopper.com.au/data/attachments/5157/5157610-bc32d0e6fe7bd1b9705a254c8eb5bac1.jpg


    https://hotcopper.com.au/data/attachments/5157/5157614-814d932b9a7e2d6f0c8d84e8233b693c.jpg
 
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