Following the acquisition of Sterling Resources by ONE-Dyas it is assumed the company is looking to farm-down interest in licence P1914 (part block 49/19b) containing the Niadar prospect. The company is looking for a partner(s) to drill the firm commitment well. Niadar is a Rotliegendes target and is located immediately north of the Brigantine Cluster. It was estimated that the prospect could hold pre-drill resources of 59 Bcf. In Sterlingâs Q2 2015 results, announced on 6 August 2015, the company confirmed that it was a licence extension until 2017, as long as the company relinquished 50% of the licence acreage prior to the end of January 2016. This occurred on 31 August 2015 when the company relinquished block 44/18b. The end of the licence is slated for 31 December 2019.  P1914 was awarded under the 26th Seaward Licensing Round and comprises of part block â 49/19b. The block covers a total area of 80 sq km. Texaco drilled well 49/14a-2 in 1989 approximately 1 km north of block 49/19b northern boundary. The well was plugged and abandoned with gas shows. If the Niadar exploration well is successful it could be potentially developed through utilising nearby infrastructure.    Interest in P1914 is held solely by One-Dyas UK Limited (100%).
Following the acquisition of Sterling Resources by ONE-Dyas it is assumed the company is looking to farm-down interest in licence P1914 (part block 49/19b) containing the Niadar prospect. The company is looking for a partner(s) to drill the firm commitment well. Niadar is a Rotliegendes target and is located immediately north of the Brigantine Cluster. 