Join our daily newsletter At The Bell to receive exclusive market insights
- Talon Energy’s (TPD) operations are ahead of schedule at the Walyering gas project in the Perth Basin and the Gurvantes XXXV coal seam gas project in Mongolia
- Formal flow testing at the Walyering-5 well are scheduled to commence shortly
- A second well, Walyering-6, will also be drilled to test a second target within the Walyering gas field, which Talon holds a 45 per cent interest
- At Gurvantes, which Talon is farming into to earn a 33 per cent interest, a four hole drilling program is underway by operator TMK Energy
- TPD shares are in the grey and last traded at 0.9 cents each
Talon Energy (TPD) said its operations are ahead of schedule at the Walyering conventional gas project in the Perth Basin and the Gurvantes XXXV coal seam gas project in southern Mongolia.
Talon holds a 45 per cent interest in the Walyering project with the operator of the joint venture, Strike Energy.
Formal flow testing activities at the Walyering-5 well are scheduled to commence shortly, with testing in the lower D Sand reservoir and systematically working up to the higher A Sand reservoir with the final pieces of the flow testing equipment mobilising to site over the coming week.
The four-week flow testing program will gather reservoir data which will be used to better understand and model reservoir performance, in order to evaluate the commerciality of the project, and inform downstream process design.
Following the success of the Walyering-5 well in December 2021, a second well, Walyering-6, will be drilled to test a second target within the Walyering gas field. Walyering-6 is 1.6km due north of the Walyering-5 well.
Ensign Rig 970, the same rig which drilled Walyering-5, is scheduled to begin mobilising to site in the coming week, with spudding of Walyering-6 expected in late April.
At Gurvantes, which Talon is farming into to earn a 33 per cent interest, a four corehole drilling program commenced in mid-March by operator TMK Energy.
Prior to drilling ahead to the next target zone, downhole geophysical surveys will be conducted on the intersected coal seam to determine intervals for drill stem testing which will test and acquire permeability data to be used in future resource estimates.
On the successful outcome of the current drilling program, TMK aims to undertake an independent assessment of the prospective resource estimate.
TPD shares were in the grey and last traded at 0.9 cents each at 10:24 am AEST.
