Eldon P2585

Eldon

Licence Number: P2585

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.

CLICK IMAGE TO ENLARGE

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

THANK YOU FOR SUBSCRIBING