Talon Petroleum Presentation
Brisbane, Nov 14, 2012 AEST (ABN Newswire) - Texon Petroleum Ltd (
ASX:TXN) are pleased to provide a presentation regarding Talon Petroleum.
CORPORATE MATTERS
- The proposed demerger of Talon Petroleum Ltd ("Talon") * and the merger of Texon Petroleum with Sundance Energy Australia Limited provides for Texon shareholders:
Merger
- Shareholders will have continued exposure to Texon's EFS assets through a company that has the financial resources to fund an accelerated development program
- Significantly enhanced basin and opportunity diversity
- Significantly increased scale, activity and production
Talon Petroleum
- Exploration and appraisal to unlock the value embedded in the Company's non EFS assets
TALON - EXPERIENCED MANAGEMENT
- Clifford S. Foss Jrto lead Talon Petroleum as CEO and President
- 40 years of successful exploratory, production and monetization experience in the Texas Gulf Coast area with a wide knowledge of the key players in the industry and the resulting understanding of the ingredients for commercial success.
- Petrohawk - Senior Vice President Exploration - 2006-2008
- KCS Resources - Senior Vice President Exploration - 2000-2006
- Mr Foss has been involved in the exploration, production and monetization of over $3.5 billion of producing assets since his early days with the Cockrell Oil Corporation and later with KCS Resources and Petrohawk Energy.
- The entire Texon team will transfer across to Talon upon completion of the demerger.
* Talon is the name currently being used by the Company to refer to the group of demerged non-Eagle Ford Texon subsidiaries and assets
View the full presentation at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-TXN-706232.pdf
Contact
Texon Petroleum Ltd
T: +61-7-3211-1122
F: +61-7-3211-0133
E: texon.info@texonpetroleum.com.au
WWW: www.texonpetroleum.com.au
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