Talon Energy and the L7 Joint Venture have identified three material gas prospects in the L7 permit, each over 50 Bcf.
All three gas prospects are in immediate proximity to the Dampier-Bunbury Natural Gas Pipeline. The L7 Joint Venture is preparing to high-grade the two best prospects for a drilling campaign in 2024.
Triangle Energy (Global) Ltd has executed a binding farm-out agreement for New Zealand Oil & Gas Limited (NZO) to acquire a 25% participating interest in.