Source : THE AGE NEWS
By Doug Bright
In accordance with TMK Energy’s purchase agreement, the company has a 20 % interest in the Talisman Depths job abroad in the Barrow-Dampier Sub-basin of Western Australia.
TMK claims to have reached an agreement to pay a deferred$ 1M consideration for the price that will be due when the project’s business oil or gas production begins.
The price of Talisman Deeps is a good idea and frees up resources as we work on our Gurvantes XXXV initiative in Mongolia.
Dougal Ferguson, CEO of TMK Energy
The Talisman Depths job offshore in the Northwest of Washington has sold its 20 % direct interest in the Emperor exploration well.
The price of the non-operated 20 % involvement in the Talisman Deeps Project is fast and frees up resources as we work diligently to improve our Gurvantes XXXV initiative in Mongolia, according to TMK Energy CEO Dougal Ferguson. It is no longer the Company’s area of focus because of the major difficulties that come with exploring for oils and developing tasks offshore Western Australia.
The offshore gas license WA-8-L has rights attached to the Talisman Deeps below a degree of 2700 meters. The license’s employees are Kato NWS Pty Ltd and Kato Amulet Pty Ltd, both of whom hold the rights to the license at or above the 2700m degree.
According to TMK, the price eliminates any potential risk or publicity related to upcoming work programs and prevents it from incurring any additional debts related to Talisman. Additionally, it gives the company time to concentrate on the coal-sea project in Mongolia, Gurvantes XXXV Coal Seam Gas ( CSG).
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