Corallian Energy announced on 1 August 2019 that it has completed the acquisition of Corfe Energyâs interests in the following licences â PEDL 345, PEDL 330, P1918, P2235 and three licences awarded in the 31st Frontier Licensing Round. One licence comprises blocks 98/11b and 98/12, another is made up of 12/27, 17/5, 18/1 and 18/2 and the last is made up of 11/23, 11/24c and 11/25b. In all these licences, prior to the deal, Corallian and Corfe were JV partners. Â   The acreage is located in the Moray Firth and Wessex Basin. Corallian drilled two wells which completed in early 2019, one on the Wick prospect (dry) and an appraisal well on the Colter discovery where it made the Colter South discovery.   Following the completion of the deal Corallian will hold a 74% interest in its acreage in the Wessex Basin and a 45% interest in the Moray Firth.
Corallian Energy announced on 1 August 2019 that it has completed the acquisition of Corfe Energyâs interests in the following licences â PEDL 345, PEDL 330, P1918, P2235 and three licences awarded in the 31st Frontier Licensing Round. One licence comprises blocks 98/11b and 98/12, another is made up of 12/27, 17/5, 18/1 and 18/2 and the last is made up of 11/23, 11/24c and 11/25b. In all these licences, prior to the deal, Corallian and Corfe were JV partners. 