document: On 23 June 2020 Summit Petroleum acquired an additional 25% interest in the P2382 licence (block 22/14c) from Ping Petroleum UK and Ping exited the licence. The deal sees Summit take sole interest in the licence. The Mallory discovery, the 22/14b-3 discovery and the K2 prospect are in the 181 sq km licence.  The licence was awarded to Summit and Ping in 2018 with both companies holding an equal share and Summit taking operatorship. In March 2019 Summit acquired 25% interest from Ping. The licence is open for farm-out (between 25% and 40%) and it has a drill-or-drop well commitment on the licence. Summit intends to target the drill ready K2 prospect before October 2022 to meet the licence commitment. Other prospects in the block include the Rustler and Rattler prospects.  Summit Petroleum Ltd hold sole interest in the licence.
summary: (Central Graben Province) P2382 op. by SUMITOMO (75%), PING PT (25%), Summit Petroleum acquired an additional 25% interest in the P2382 licence (block 22/14c) from Ping Petroleum UK (->0%).