Corallian Energy Ltd is offering an opportunity to farm-in to licence P2222 (block 3/11a) which contains the 3/11-1Z (Oulton) discovery. Corallian is the sole interest holder in the licence and is offering up to a 75% equity in the acreage. The company plans to appraise the Oulton oil discovery which is thought to hold 20 MMbbl recoverable oil (Pmean). The block is covered by an Aker acquired 3D seismic survey (2000), reprocessed in 2009 by TGS. Access to nearby infrastructure (15-30 km) will enable Oulton to be successfully developed. Corallian plans to secure a farminee to licence seismic data, map the Upper Jurassic isopach and finalise the well location.  The Oulton discovery was made in 1974 by Amoco and flowed light oil (41 API) on test. DST and core analysis concluded that the accumulation was sub economic. Reinterpretation of the local reservoir indicates improvement of reservoir quality and thickness away from the discovery well. The block also contains the Womack prospect, a structural/stratigraphic trap, at the Emerald Sandstone level. Womack is a future candidate for a tie back opportunity having P50 prospective recoverable resources of 15 MMbo. A combined Oulton and Womack outcome could deliver 50 MMbbl of recoverable oil.   Interest in P2222 is held solely by Corallian Energy Ltd.
Corallian Energy Ltd is offering an opportunity to farm-in to licence P2222 (block 3/11a) which contains the 3/11-1Z (Oulton) discovery. Corallian is the sole interest holder in the licence and is offering up to a 75% equity in the acreage. The company plans to appraise the Oulton oil discovery which is thought to hold 20 MMbbl recoverable oil (Pmean). 