Australia's Talon Energy at 2-month high, exits UK exploration assets
11/02/2022 04:50
** Oil and gas explorer Talon Energy Ltd TPD.AX rises as
much as 6.25% to A$0.009, their highest since Dec. 16
** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02485844-6A1076734?access_token=83ff96335c2d45a094df02a206a39ff4
it will exit its portfolio of UK North Sea exploration assets
to focus on more advanced-stage projects
** Cites impact of COVID-19 and consequent downturn in
economic activity in the region, making executing of its farmout
strategy difficult
** Has started relinquishment process for the licenses
currently in its portfolio
** TPD up 6.7% this year, as of last close
(Reporting by Sameer Manekar in Bengaluru)
((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))
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