Australia's Talon Energy rises on getting production licence
12/01/2023 02:30
** Shares of oil and gas explorer Talon Energy Ltd TPD.AX
rise as much as 8.3% to A$0.195, their highest since Nov 18
** Co says Western Australia's Department of Mines,
Industry, Regulation and Safety (DMIRS) grants production
licence to JV between TPD and Strike Energy STX.AX
** Says licence a key approval to develop Walyering gas
field and has been obtained within scheduled time frame
** Adds procurement program for upstream facility at project
is ~98% complete, with offsite fabrication ~65% completed
** Stock gained 10% in 2022
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com))
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