Talon Energy Ltd (ASX:TPD) has taken another step in its growth strategy by executing a formal farm-in agreement with fellow ASX-listed energy company.
Triangle Energy has announced the completion of successful farmout negotiations and the signature of a binding term sheet with New Zealand Oil & Gas, who will be acquiring a 25% interest in Permits L7 and EP 437.
Triangle Energy Global has reeled in $9.96 million after farming out 25 per cent of its L7 production licence and EP 437 exploration permit in WA to New Zealand Oil & Gas. The deal follows a similar agreement with Talon Energy last year and allows Triangle, who still retains a 50 per cent stake in the assets, to advance exploration in the zones via the newly formed joint
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that the Palm Valley 12 (PV12) well has been tied-in and commenced flow testing on 28 November 2022.