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Talon Oil & Gas III was formed in January 2015 to build upon the legacy of value creation established by the original Talon team. The company’s vision is to grow through the targeted acquisition and development of oil and natural gas properties in the southern United States. Talon has supplemented the existing management team with new members who bring strong technical and operation backgrounds. Talon’s current team has close to 200 years of combined experience in the oil and gas industry.

Like its predecessor companies, Talon Oil & Gas and Talon Oil & Gas II, Talon III will focus on the acquisition of quality assets with operational control in the southern United States, where the company can create value through exploitation, exploration, cost reduction, operational efficiencies and the development of repeatable, long-life reserves with a high rate of return.

The Talon story began with the formation of Talon Oil & Gas in 2007. The company made a total of five acquisitions from 2007 to 2009, including Denbury’s Barnett Shale assets. The team created value through development drilling, operational and completion optimization, cost control and identification of additional reserves that resulted in a $1 billion divestiture at the end of 2010.

Talon Oil & Gas II was formed in 2011 to focus on additional acquisition opportunities. In 2012, Talon merged with Elephant Oil & Gas to gain exposure to the Permian Basin and add team members with a successful history of implementing a lease-and-drill strategy. Elephant was founded in 2006 to pursue opportunities in emerging resource plays. The company grew primarily through internally generated prospects in North Texas and the Permian Basin. Elephant proved its ability to quickly identify and evaluate prospective areas and effectively execute a lease-and-drill strategy. The merged entity now operates under the Elephant flag. Elephant has divested the majority of its Permian Basin assets and is currently focused on Southeast Texas, where Elephant is in a 130,000-acre joint venture with Venado Oil & Gas, primarily targeting the Eagle Ford shale.