Australia-based Talon Resources has been successful in its bid for three new exploration licences in the 32nd UK Offshore Licensing Round.
The new exploration licences contain multiple high-impact exploration prospects with substantial prospective resource potential.
Adding to the upside, these new licences are located around substantial discoveries made by the Talon team in the past.
Talon now holds interests in eight exploration and appraisal licences in the UKCS.
“Our North Sea position has been curated by Talon’s technical team, which has an outstanding track record of exploration success in the region having been responsible for making some of the most significant discoveries over the last 20 or so years,” managing director David Casey said. “Importantly, as with our existing licences and prospects, these new licences are in close proximity to those significant discoveries and involving play types that have proven so successful in the past.”
Casey said Talon had already received enquiries from potential partners in relation to the three new licences.