Talon Energy has completed initial exploration work via an airborne electromagnetic, transient pulse (AEM-PTP) survey, directed at the high relief Condor structure located onshore in the Perth Basin, Western Australia.
The AEM-PTP survey system is a low cost, passive geophysical method that measures natural variations in the earth’s electrical field.
Data can be collected quickly over large areas without the need for ground access.
Talon advised that the acquisition of the AEM-PTP survey satisfies the work program requirement for SPA-0081 which the company now have the option to convert to a longer tenure, exploration permit or EP.
The survey data acquired will be used by Talon to better delineate the Condor structure and help to define the next exploration steps, while preparing for its appraisal drilling at the Walyering gas field.
The company reported that the Walyering and Condor structures have main targets within conventional reservoirs of Jurassic age.
Talon holds a 45 per cent and 100 per cent participating interests in the Walyering and Condor structures.
In addition, in September last year Strike Energy executed a farmout of a 45 per cent interest in the Walyering gas project in Western Australia to Talon.
Under the terms of the agreement, Talon would acquire a 45 per cent interest in EP447 in the Perth Basin, which contains the Walyering wet gas prospect, as well as a rights over EP495, which contains the analogous Ocean Hill gas discovery.