ABN 24 119 737 772 ASX Release 4 February 2013 Company Presentation The attached presentation will be used for a series of investor meetings this week. It will be presented by Mr Clifford S. Foss Jr, CEO of Texon. For further…
Texon Petroleum Ltd ABN 24 119 737 772 Level 9, 46 Edward Street Brisbane, Qld Australia 4000 Postal: GPO Box 402 Brisbane, Qld Australia 4001 Telephone: +61 7 3211 1122 Fax: +61 7 3211 0133 Directors: John Armstrong Bernard Rowley…
Eagle Ford Higher production at a lower capital cost Texon has recently completed 2 further EFS wells for production, and is preparing to frac and complete a third well (Texons 8th EFS well) Initial oil production rates have been…
Texon Petroleum Demerger and Merger Proposed for completion in March 2013 Texon shareholders will receive: 1 Sundance share for every 2 Texon shares held at the record date for the merger scheme 2 Talon shares for every 5 Texon shares…
Talon Petroleum Ltd ABN: 88 153 229 086 Level 9, 46 Edward Street Brisbane, Qld Australia 4000 Postal: GPO Box 402 Brisbane, Qld Australia 4001 Telephone: +61 7 3211 1122 Fax: +61 7 3211 0133 Directors: John Armstrong Bernard Rowley…
Introducing Talon Petroleum 9 Management-Cliff Foss 9 Strategy--Oil Focus with Leveraged Funding 9 Assets 9 Production 48BOEPD 9 Reserves 1.3 MMBOE 9 Leases 10,000 acres 9 Cash -- 7.8mm 9 Plan for 2013 9 Drill Roundhouse Prospect 9…
Talon Petroleum Corporate Overview Number of shares on issue 98.1m Estimated net cash at listing 7.8m Production (boepd) * 48 Cotton Valley Lime Reserves (MMboe) 1.3 Top 20 shareholders 30% Board and management 5% Rodessa * September…
Introducing Talon Petroleum Unlocking value embedded in Texons non-EFS assets Talon holds all the non-EFS assets of Texon, including Production and reserves in the Olmos oil reservoir in South Texas; Exposure to the Cotton Valley…
Experienced Management With a history of successful exploration development and monetisation Clifford S. Foss Jr to lead Talon Petroleum as CEO and President 40 years of successful exploratory, production and monetization experience…
North American Oil and Gas Industry Overview The shale industry has transformed the oil and gas industry in North America The huge volumes of shale gas have put a cap on gas prices in North America Liquid content is now the major driver…
Talon Resource Strategy Talon will focus on low risk oil projects, in mature, well serviced areas, where improvements in drilling and fracture stimulation techniques can be applied A focus on lower geological risk oil prospects and…
Attractive Portfolio of Liquids-Rich Assets Diversified across the heartland of US oil production 12 February 2013
South Texas Asset McMullen County Production & reserves with low risk development potential Talon operated project, 96.4% avg WI 3,823 net acres Olmos and Wilcox reservoirs Two producing wells (48 bopd net*) Total reserves of…
Cotton Valley Lime Navarro County, Texas Scalable, lower risk resource potential with direct offset analogue Non-operated project, 47.4% avg WI 3,510 net acres Large lease block (7,405 gross acres) Cotton Valley Lime Offsets 3MMboe…
Rodessa East Texas Scalable multi-well potential with leasing in progress Talon operated and 100% WI 2,917 Prospects include Catfish Creek, East Banks & Redfish Rodessa Targeting 20,000 acres Scalable multi-well potential…
2013 Work Plan & Budget Strong cash balance and the flexibility of large, high ownership interests to facilitate asset leverage funding strategy Estimate Cash Balance Post Demerger (31 March 2013) 7.8m Drill Roundhouse prospect (Talon…
Summary Unlocking value embedded in Texons non-EFS assets It holds 10,000 WI acres, of oil prospects providing shareholders significant leverage to success Experienced board and management team with a track record of finding,…
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