![Talon Petroleum concludes the acquisition of EnCounter Oil](https://cdn.energydais.com/media/images/news/439_ZfzsLn5.jpg)
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Australian exploration firm, Talon Petroleum has concluded the acquisition of EnCounter Oil. The strategic acquisition of EnCounter gives Talon a 100% stake in the highly prospective UK North Sea exploration licenses. Talon Petroleum entered into an all-stock transaction in January to purchase 100% of the shares in EnCounter Oil. Talon is looking forward to rapidly expand its UK North Sea exploration portfolio.