Corallian Energy Limited is seeking farm-in partners to drill an appraisal well on the 1977 Curlew-A discovery made with well 29/7-1. Corallian is looking to divest up to 60% interest in the licence and in October 2018 announced that it has agreed to farm down 10% interest to Talon Petroleum Limited. The remaining interest is still available. The appraisal well is planned to be drilled in Q3 2019 with a Jack-up rig in water depths of 93 m. TD is 2,700 m and well costs are in the region of GBP 9.7 million. The company has 3D seismic over the discovery.  The Curlew-A discovery was made by Shell and is a 4-way dip closed oil bearing structure. The discovery well encountered net oil sands (Cromarty and Odin Members of the Sele and Balder Fm) of 10.5 m and recovered multiple oil samples of 36Â° API. The licence was previously held by Shell until it relinquished the acreage in 2016 prior to Corallian picking up the acreage in the 30th Licensing Round and is currently in its first phase. In October 2018 Schlumberger completed a Competent Personâs Report (CPR) stating that 3C combined Contingent Resources of the Cromarty and Odin reservoirs were 68 MMbo and 79 Bcf (82 MMboe recoverable), 2C Contingent Resources are 45 MMboe. There is updside in a secondary objective of the Forties Sandstone unit which wasnât encountered during the discovery well but may be developed across the south-western flank. Resources of 22 MMbo have been estimated for the Forties sands.   Following completion of the deal with Talon Petroleum, interest in the licence will be held by Corallian Energy Limited (90% + operator) and Talon Petroleum Limited (10%).   For further information, please contact:  Andrew Hindle  Commercial Director  Andrew.hindle@corallian.co.uk +44 7775712817
Corallian Energy Limited is seeking farm-in partners to drill an appraisal well on the 1977 Curlew-A discovery made with well 29/7-1. Corallian is looking to divest up to 60% interest in the licence and in October 2018 announced that it has agreed to farm down 10% interest to Talon Petroleum Limited. The remaining interest is still available. 