Talon Petroleum Ltd., the Australian oil and gas explorer, has completed the acquisition of EnCounter Oil Ltd, the UK-based E&P company.
Talon now holds 100% interests in EnCounter’s exploration licences in the UK North Sea. Licence 2363 contains the 107 million boe (best estimate prospective resource) Skymoos Prospect and Licence 2392 which hosts the 27 million boe (best estimate prospective resource) Rocket Prospect.
In addition, EnCounter founder and UK North Sea exploration specialist Graham Dorè has joined the Talon Board as a Non-Executive Director, and EnCounter’s Paul Young joins as Geoscience Manager.