AziNor Catalyst is farming down material equity in return for a significant portion of its interest in licence P2316 which contains the Marshall prospect. The licence was awarded in the 29th Licensing Round in May 2017. AziNor has calculated the prospect to hold 145 MMboe (Pmean) recoverable resources with an upside of 296 MMboe (P10). Reprocessed 3D Broadband Geostreamer seismic has allowed detailed mapping and visualisation of the Marshall prospect. An exploration well is planned for 2019 targeting the Sgiath paralic sands to a depth of 1,800 m TVDSS. As of February 2019, the opportunity was still available.   Marshall is geographically located in the NW Witch Ground Graben up-dip from the Brule discovery. The prospect is on trend with Claymore, Piper and Highlander which all produce from Upper Jurassic reservoirs. Reactivation of the fault blocks throughout the Upper Jurassic resulted in a series of NW-SE trending rotated tilted fault blocks which form the trapping mechanism. The primary reservoir objectives consist of the Upper Jurassic Sgiath and Piper reservoir sands. The Sgiath Formation consists of sandstones deposited in a Deltaic / Coastal Plain environments in a series of fluvial distributary channels. The reservoir is interpreted to have moderate to good characteristics from the 14/14-1 well located immediately south of the acreage. The Piper Formation consists of offshore transition zone mudstones locally to the Marshall prospect with the shoreface reservoirs being limited to the east of the licence where they form the primary targets in the Mount prospect. AziNor have carried out recent seep studies and identified a potential local source kitchen in a restricted pull apart basin immediately to the east. Wells 14/10-1 and 14/10a-2 were both drilled on the flanks of this mini-basin and both encountered shows in the Upper Jurassic sands adding further evidence of a locally mature kitchen.  Interest in P2316 is held by AziNor Catalyst Ltd (100%).  For further information please contact:  Nick Terrell  Tel+44 (0)20 3588 0065  Email: nick.terrell@azinorpetroleum.com
AziNor Catalyst is farming down material equity in return for a significant portion of its interest in licence P2316 which contains the Marshall prospect. The licence was awarded in the 29th Licensing Round in May 2017. AziNor has calculated the prospect to hold 145 MMboe (Pmean) recoverable resources with an upside of 296 MMboe (P10). 