Other working interests
As well as block 9/3b containing the Bentley field, Xcite Energy holds and operates blocks 9/4a, 9/8b and 9/9h (Licence P1979) awarded in the 27th UK Licensing Round at the beginning of 2013. Xcite Energy will continue to participate in future Licensing Rounds.
The 27th Round blocks contain prospects of Lower Palaeocene age. If proven through subsequent drilling, these prospects could add significantly to the value of the greater Bentley area.
As at 31 December 2014, the prospective resources associated with these as yet undrilled structures are detailed below.
|
Prospect
|
Block
|
Mean MMstb
|
P90 MMstb
|
P50 MMstb
|
P10 MMstb
|
POS
|
|
Brunel
|
9/3b
|
6.0
|
3.2
|
5.5
|
9.5
|
0.17
|
|
Prospect A
|
9/3b
|
1.7
|
1.3
|
1.7
|
2.1
|
0.19
|
|
Prospect B
|
9/3b
|
2.3
|
1.9
|
2.3
|
2.8
|
0.17
|
|
Clement
|
9/4a
|
4.7
|
0.9
|
3.1
|
10.2
|
0.21
|
|
Chadwick
|
9/4a
|
30.6
|
10.5
|
24.6
|
57.8
|
0.21
|
|
Cartwright
|
9/4a
|
19.3
|
8.6
|
16.9
|
33.2
|
0.16
|
|
Camm
|
9/8b, 9/9h
|
15.0
|
2.6
|
9.4
|
34.6
|
0.18
|
|
TOTAL
|
|
79.6
|
|
|
|
|
Note: The Prospective Resources table above remains correct as at 31 December 2014.The acreage relinquished with effect from 26 October 2015 includes Brunel and Prospects A and B.
There is no certainty that any portion of the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the prospective resources set forth in the table above.
Xcite Energy continue to evaluate the potential of other stratigraphic intervals within its held acreage and will continue to participate in future licensing rounds to continue to grow its asset base.
Published : Thursday, November 12, 2015 4:28 PM UTC