Bridge Petroleum 5 Ltd has acquired Burgate E&P Ltd, Comtrack (UK) Ltd and Simwell Resources Ltdâs interest in block 113/27d (P2076), which contains the Castletown gas discovery. Prior to the deal with Bridge Petroleum, the three partners were seeking to farm-out Castletown to raise funds to drill an appraisal well.  Well 113/27-2 was drilled in 1988 by ESSO which discovered Castletown however the gas accumulation in the Triassic sandstones was considered too small to develop. A new evaluation, using depth migrated 3D seismic data, indicated that the well was drilled down flank and through a major fault causing a large gas accumulation remains to be proven up-dip. The Mercia Mudstone Group provides a regional seal which attains a thickness of 1,000 m across the basin. Gas charge comes from the Carboniferous Coal Measures which underlie much of the basin.   Following completion of the deal interest and operatorship of P2076 is held solely by Bridge Petroleum 5.
United Kingdom, P2076