Pitch Your Prospect: Simwell Resources
Burgate Exploration and Production: East Irish Sea Gas Appraisal Opportunity
Burgate Exploration and Production, on behalf of their co-venturers, is looking for partners to drill this exciting gas appraisal opportunity in the U.K. East Irish Sea that has the potential to be the largest remaining gas field in the region. Well 113/27-2, drilled in 1988, discovered the Castletown gas accumulation in Triassic sandstones but it was considered too small to develop. A new evaluation, using depth migrated 3D seismic data, has indicated that the well was drilled down flank and through a major fault and that a large gas accumulation remains to be proven up-dip. The Castletown discovery has ‘most likely’ prospective resources of approx. 250 bcf. Economics are positive for resource volumes as low as 17bcf. Well design is in an advanced stage and an appraisal well is anticipated to cost £6.5MM.
For further information download the flyer from http://www.simwellresources.com/projects.html and visit Simwell at PROSPEX 2016 on Booth 14