Talon Energy Ltd is earning into the Gurvantees PSC in Mongolia, which has a world-scale resource on the doorstep of the world’s largest gas consumer, China.

Talon Energy Ltd is an Australian energy company, with huge prospective gas resources in two regions which are short of gas.
The company is to enter production in early 2023, and in the South Gobi region of Mongolia where successful 2022 exploration resulted in a maiden contingent gas resource of 1.2Tcf (gross, 400 Bcf net to TPD).

TPD is earning a 33 percent interest in the 8400km2 Gurvantees PSC by funding a multi-phase exploration program for USD 5 million. The initial exploration phase of 5 wells was completed in September 2022 and was very successful.  This is a world-scale resource on the doorstep of the world’s largest gas consumer, China.

There is no gas production infra-structure in Mongolia and this needs to be established in order for TPD to commercialise its Mongolian resource. At the industry level, fossil fuel projects globally are facing activist headwinds and this may hinder TPD’s access to capital and constrain its ability to operate longer term.