Australia-listed Talon Petroleum has taken a 100% stake in two UK North Sea exploration licences after completing its all-shares acquisition of EnCounter Oil.
P2363 holds the Skymoos prospect that is estimated to hold 107 million barrels of oil in prospective resources, while the Rocket prospect in P2392 is estimated to hold 27 million barrels of oil.
Talon has licensed additional 3D seismic data over both of the prospects and has started a farm-out process to secure drilling partners.
