The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

OGJ is edited to meet the needs of engineers, geoscientists, managers, and executives throughout the oil and gas industry. It is part of Endeavor Business Media, Nashville, Tenn., which also publishes Offshore Magazine.

Endeavor Business Media’s Petroleum Group also produces targeted e-Newsletters; hosts global conferences and exhibitions, seminars, and forums; and publishes directories, technical books, print and electronic databases, surveys, and maps.

Additional Information

Website & Technical Help

For help with subscription purchases or refunds, or trouble logging into the paid subscription content on www.ogj.com, please contact Customer Service at [email protected] or call 1-847-559-7598.

For more customer service information, please click here.

Talon Energy talks deal with TMK for Gurvantes project

Talon Energy Ltd (ASX:TPD) managing director Colby Hauser tells Proactive the company and TMK Energy Ltd have agreed to consolidate the ownership of the Gurvantes XXXV coal seam gas project in Mongolia, which will see TMK acquire Talon's 33% earned interest in the project. Both parties have executed a binding heads of agreement for the transaction which has been described as a logical transaction and compelling opportunity to create shareholder value. The gross consideration for Talon's earned rights will involve up to 1.10 billion fully-paid ordinary shares in TMK and up to 550 million listed options in TMK, which will be distributed to Talon shareholders following completion of the transaction.

“This consolidation is a logical transaction and compelling opportunity to create value for both sets of shareholders by unlocking important synergies in the exploration and development of the Gurvantes Project,” Hauser said.

“Assuming the TMK transaction completes, Talon shareholders will continue to have a material interest in the upside associated with Gurvantes, while at the same time mitigating the liquidity and funding risks that would have existed in the unlisted spin-out structure.

“The Talon board believes that the TMK transaction is in the best interests of Talon shareholders and unanimously recommends it to our shareholders.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.