Summit E&P acquired a 25% interest from partner Ping Petroleum in licence P2382 (block 22/14c). The acreage contains two discoveries â 22/14a-7 (Mallory) and a small discovery made by well 22/14b-3. The deal completed on 19 March 2019.   The discovery 22/14b-3 was made in 1989. The well was drilled targeting the Skagerrak Formation. 22/14a-7 (Mallory) was discovered in 2008 and was drilled as the structure is on trend with the Huntington field. Mallory lies on the northern edge of a salt wall which grew during the Triassic. The objective of the discovery well was to improve the understanding of the Jurassic and underlying Triassic.   Following completion of the deal interest in the licence is held by Summit Exploration and Production Limited (75% + operator) and Ping Petroleum UK Limited (25%).
Summit E&P acquired a 25% interest from partner Ping Petroleum in licence P2382 (block 22/14c). The acreage contains two discoveries â 22/14a-7 (Mallory) and a small discovery made by well 22/14b-3.