re: Ann: New joint participation group for MR...
Very good result in my opinion.
$2.14m US,in funding to come in,$550,000 in outgoings to fund 1st olmos well at 10%.
Should the second cotton valley well be drilled in the next few months,talon will have sufficent funding.
No additional capital will be required until at least the 3rd quarter 2014.(giving room for results from possibly an olmos and additional cotton valley well).
Cant ask for more than that.
Well done and all the best.
TPD Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
