Southern North Sea

Painted Wolf Resources holds three licences in the Southern North Sea: P2425, P2432 and P2433 which are close to existing developments and infrastructure.

LICENCE P2433 TYMAR area

The licence contains three undeveloped discoveries: Artemis, Vadux and North York; and the producing Apollo field also extends into the licence. The licence also offers multiple, highly attractive, low risk prospects which are well defined by 3D and shallow with no drilling issues anticipated. These low risk prospects include Tolmount South, Waterloo and Apollo North.

We are in the final stages of a detailed evaluation of the acreage prospectivity, with the intention of starting the farm-out process in January 2020

LICENCES P2431 and P2425 - HARMONIA and TRENT WEST

Prospects in Licences P2431 and P2425 include four undeveloped discoveries: Harmonia, Kilmar-NW, and Trent Extension & Trent West. There are also multiple prospects and leads in three independent plays: the highly productive Basal West A/ Yeadonian sandstone play; the tight Millstone Grit play; and the unconventional Bowland Shale turbidite play.

The potential of all three plays is currently being evaluated with the intention of starting the farm-out process at the end of Q1 2020.

Central North Sea: Tait a Material Prospect Hiding in Plain Sight

Licence P2339 in the Central North Sea has significant potential for large volumes of gas and associated condensate. It is located in the midst of the existing infrastructure associated with the Gannet and Guillemot fields and near term development associated with the Glengorm discovery.

The headline and most developed prospect is Tait which lies in a large fault block developed on the western margin of the Central Graben. Tait is prognosed to have a thick Rotliegend reservoir sealed by Zechstein evaporites, whilst charge is provided by mature Pentland and Heather Gp source rocks developed in the graben and juxtaposed against the trap that contains Tait.

Preliminary prospective resources are calculated to be 500 bcf plus 100 mmbbl of condensate. Additional prospectivity identified includes the Hobnob prospect , a 2-40 mmbblo Fulmar prospect which overlies Tait.

We are currently in the final stages of a detailed evaluation of the prospectivity in Licence P2339, with the intention of starting the farm-out process in Q1 2020. Companies interested in participating should contact info@paintedwolfresources.com
for more information.

Tait: >500 bcf + 100 mmbc Hiding in Plain Sight

Latest News