Soliton Resources Limited is offering the opportunity to farm-in to licence P2390 (blocks 23/26e and 30/1d) which contains the Isolde diapir prospect. The Isolde diapir is relatively large with the main targets on its flanks of Paleocene sandstones and Paleocene / Cretaceous chalk. These are the primary reservoirs in the adjacent Machar field (also a diapir) and other nearby fields. Average porosity within the Paleocene sandstones is 23% with a moderate net to gross and within the chalk is 19% â 20% with a high net to gross but low matrix permeability. Chalk reservoirs in piercement diapirs within the North Sea are fractured from extension such as Machar and Banff which aid well productivity. Hydrocarbons are thought to have a relatively high GOR with API values ranging from 40Â° to 42Â° for the oil. Minor seal leakage is indicated by ubiquitous shallow oil/gas shows above the diapirs. Soliton estimate mean recoverable resources of 109 MMboe with mean recoverable resources in a gas scenario of 380 Bcf. The prospect is located in 90 m water depths and an exploration well is expected to cost USD 9.5 million drilled to a TD of 2,285 m.  Licence P2390 was awarded to Soliton Resources (100%) in the 30th Offshore Licensing Round under the innovate licence schemes. Phase A is for three years from 1 October 2018 with the main commitment to obtain 20 sq km of 3D data, this has been fulfilled. Optional Phase C will commence from 1 October 2021 for three years with a commitment well.   For further information please contact:  Graham Goffey  g_goffey@solitonresources.co.uk    +44 7974 333316
Soliton Resources Limited is offering the opportunity to farm-in to licence P2390 (blocks 23/26e and 30/1d) which contains the Isolde diapir prospect. 