TMK Energy (ASX: TMK) acquires Gurvantes XXXV Project from Talon Energy

TMK Energy completed the acquisition of the Gurvantes XXXV Project from Talon Energy (ASX:TPD).

As part of the transaction, TMK issued 1.09 billion fully paid shares and 546,000,000 listed options to Talon as consideration.

Talon, in turn, provided a cash component of $600,000 and ancillary cash of approximately $150,000.

TMK CEO Brendan Stats highlighted the progress of the Gurvantes Project's pilot well program, anticipating continued achievements in 2024.