Painted Wolf Resources is offering the opportunity for interested parties to farm-in to the Tait prospect located in licence P2339 (block 21/30e). Tait is a large fault block on the western margin of the Central Graben. It is prognosed to have a thick Rotliegend reservoir which is sealed by Zechstein evaporites and is thought to be sourced from the Pentland and Heather source rocks. Prospective resources are calculated at 500 Bcfg with 100 MMbc. Additional prospectivity includes the Hobnob prospect (2 â 40 MMbo) which overlies Tait and has a Fulmar objective. Hobnob is part of the wider 'Biscuits' prospects in the area. It is thought that with the prospect being located near existing infrastructure (Gannet and Guillemot) it could be tied into that infrastructure.   Painted Wolf has identified ten prospects in the acreage collectively named the âBiscuitsâ prospects with an estimated combined P50 recoverable resource of 38.64 MMbbl. The Jurassic Fulmar Sandstones form the reservoir objective in all ten prospects which are sourced and sealed by Kimmeridge Clays and Shales. The trapping mechanisms involve four-way dip closures and rotated fault blocks. Hobnob forms the primary prospect and includes the independent Digestive and Ginger closures in a P10 scenario. Further potential from Oreo, Bourbon and Creme are all defined as single culmination structures. The Cracker North and South prospects are closed against thick Lower Cretaceous Shales to the north and east. In the west, fault seal provides closure and a salt diapir provides closure in the south where Painted Wolf interpret the Jurassic Fulmar Sandstone to be juxtaposed against the Zechstein. Garibaldi is defined as a four-way dip closure at the Base Cretaceous Unconformity stratigraphic level. The company state that reservoir presence provides the key risk however, thick Jurassic reservoirs could be preserved over the crest of the structure. Jaffa is described as a large westerly tilted fault block bounded by a major fault. The P10 scenario relies on fault seal to the south west, with further upside potential in smaller terraces to the east.   The licence was awarded in the 2016 Offshore Supplementary Round on 1 August 2017. The acreage is surrounded by several fields including Guillemot A, Gannet C, Gannet F and Gannet E. No exploration wells have been drilled in block 21/30e to date due to the risks associated with the Upper Jurassic play.   Interest in P2339 is held solely by Painted Wolf Resources Limited (100% + operator).   For further information please contact:   info@paintedwolfresources.com
Painted Wolf Resources is offering the opportunity for interested parties to farm-in to the Tait prospect located in licence P2339 (block 21/30e). Tait is a large fault block on the western margin of the Central Graben. 