Talon Petroleum (ASX:TPD) has drilled its "proof of concept" Bonner 1H well to the proposed measured depth of 15,260 feet at its Roundhose Prospect in Texas.
Production casing has been run and cemented. Fracing operations are expected to commence in early August pending crew availability with production flow testing to occur immediately following fracing.
Talon has a 23.89% working interest in Bonner 1H well and the surrounding 600 acres as part of its project generation agreement with Wandoo Energy. It's total Roundhouse lease position is around 7,180 net acres.
Talon holds strategic leases in East and South Texas with 8 prospects. Two of them including Redhouse and Olmos Horizontal have been progressed to drilling, while 3 are still early stage.
The total resource potential of the prospects is around 69.95 million barrels of oil equivalent, with net to Talon being 38.28mmboe.
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