BRIEF-Talon Petroleum announces settlement with Sundance Energy Australia

March 26 (Reuters) - Talon Petroleum Ltd TPD.AX :

* Settlement reached with sundance energy TPD.AX

* It has reached an agreement to settle sea's claims

* Agreed to assign to sea its interest in the Austin chalk

* As part of settlement, US$300,000 of approximately US$1.35 million held in escrow in respect of liabilities under SIA will be released to sea, with balance released to Talon

* Agreed to co-operate with sea in the reallocation of certain pre-demerger costs to entities now controlled by sea

* Source text for Eikon News Search ID:nASX3cfVXb

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