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Eldon P2585

Eldon

Licence Number: P2585

License Blocks: 48/19D 48/13C 48/14D 48/18E

Operator: Tangram Energy Ltd

Partners and % interest:

60% Tangram Energy
40% Ithaca Energy

License round acquired: 32

Asset Stage: Exploration

The partners are working on defining a work program to progress towards drilling and development.

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  • The P2585 licence work programme has been completed for Initial term Phase A including PSTM seismic reprocessing
  • Wells 48/13b-3 and 28/13b-8 seeing up to 4% gas peaks in the Leman Sandstone
  • Compartmentalization observed in the Eldon region due to identification of several De Keysers which could lead to multiple prospects
  • Significant potential in the Eldon discovery, GIIP more than 250 Bcf
  • Commercialisation is attractive given the current macro-economic conditions with sustained high energy prices, and the proximity to infrastructure allows an economically viable tie-back to Clipper South infrastructure
  • Farm out Tangram’s interest to drill a commitment well in 2024-2026

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