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Talon Energy locks in Walyering condensate sales deal with Santos

Talon Energy locks in Walyering condensate sales deal with Santos

Talon Energy Ltd (ASX:TPD) CEO Colby Hauser tells Proactive the company and its joint venture partner Strike Energy Limited have inked a condensate processing and liquids aggregation agreement with Australian oil and gas giant Santos Limited. The two companies will process and sell condensate produced from the Walyering gas fields in Western Australia. Strike estimates the by-product will reach a breakeven price of US$45-60 per barrel, providing a solid revenue and profit stream.

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