XCD Energy is looking to farm-out part of its 100% working interest in the 195,373-acre (791 sq km) Peregrine project in the National Petroleum Reserve â Alaska (NPRA).Â  The company has not disclosed how much interest it is willing to farm out but has stated that it would be willing to give up operatorship to an experienced operator.  Peregrine consists of three prospects.Â  Two of the prospects, Merlin and Harrier, are targeting the Nanushuk interval at about 5,000 ft (1,524 m).Â  The Harrier Deep prospect will test the Torok objective at about 10,000 ft (3048 m). XCD will offer a lower-cost option of farming into the two shallower prospects or a higher-cost alternative of farming into all three prospects.  ERC Equipoise recently concluded a third-party Independent Prospective Resources Report which has assessed the prospective resource at Peregrine at over 1.6 Bbo in the unrisked mean case. The unrisked mean resources are distributed between the prospects as follows: Merlin â 622 MMbo, Harrier â 420 MMbo and Harrier Deep - 572 MMbo.  The leases are located about 22 mi (35 km) south of the ConocoPhillips-operated Willow discovery, which has an estimated ultimate recovery of 450 â 800 MMboe gross. ConocoPhillips will be drilling up to five delineation wells at Willow during the 2019/2020 winter season and expects to reach a Final Investment Decision (FID) in 2021 with first production slated for 2026. Willow is considered a direct analogy to XCDâs Merlin prospect. The Harrier prospect is thought to lie on the same sequence boundaries as ConocoPhillipsâ Harpoon prospect, which the latter company will be testing during the 2019/202 winter season.Â  Harrier is located about 9 mi (15 km) southeast of Harpoon.  A map is available at XCDâs website at https://wcsecure.weblink.com.au/pdf/XCD/02194308.pdf.
XCD Energy is looking to farm-out part of its 100% working interest in the 195,373-acre (791 sq km) Peregrine project in the National Petroleum Reserve â Alaska (NPRA).  The company has not disclosed how much interest it is willing to farm out but has stated that it would be willing to give up operatorship to an experienced operator. 