Talon Petroleum Limited (ASX: TPD) submitted multiple applications concerning the UK Oil and Gas Authority’s (OGA) 32nd Seaward Licensing Round for new exploration licences in its core focus area of the UK Central North Sea.
The OGA licensing rounds is an integral part of the company’s strategy towards the UK Central North Sea, which is to:
- Identify and target entry into early-stage prospect opportunities via bid rounds.
- Farm-out for carry retaining non-operated equity positions up to 20 per cent.
- Target low-risk exploration opportunities with the potential to tie-back to nearby infrastructure.
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