- Oil and gas explore, Talon Energy (TPD) suspends trade as it awaits more details of a capital raise
- Trading will be paused until Friday, April 29 or until an announcement is released to the market with more information
- In recent news, the company announced it will pass a licence area it holds in Central North Sea over to Finder Energy
- It also recently observed strong reservoir quality at its Walyering gas field, with drilling progressing in order to reach a total depth of 3504 metres
- Trading of shares is currently paused at one cent each
Oil and gas explorer Talon Energy (TPD) has suspended trade as it awaits more details of a capital raise.
Trading will be paused until Friday, April 29 or until an announcement is released to the market with more information.
It is not yet known how much the company is aiming to raise or where the funds will be directed.
In more recent news, the company announced it will pass a licence area it holds in Central North Sea over to Finder Energy (FDR).
It will not receive any share or cash payments from this acquisition, instead, it will receive 12.5 per cent of gross income generated by Finder from the licence.
It also recently observed strong reservoir quality at its Walyering gas field, with drilling progressing in order to reach a total depth of 3504 metres.
Trading of shares is currently paused at one cent each.