According to the AGM presentation(30th/5),the company had an...

According to the AGM presentation(30th/5),the company had an offer for 50% of first well in the olmos acreage (199.05 acres.)This was most likely a private US company hence no details.

The current offer of 33.34% from Terrace Energy(public listed company) leaves Talon with a 16.67% w/i(as per the interim financial,report dated 13/9.

The maximum exposure for Talon would be $1m, which can be funded from cash reserves.

With David Mason and Angus Douglas,who are 2 of the largest shareholders and board members,I dont think a cap raising would be a consideration.

Unless, roundhouse is an outstanding success and the board capitalises on a sharp share price re-rating.

All the best.