Wednesday, June 8, 2011

Öljy-inisijä outfarmaroi

ROCKSOURCE FARMS DOWN ACREAGE POSITION IN AGC PROFOND

Rocksource (OSE: RGT) today announces a farm-down
agreement with Noble Energy in AGC Profond PSC,
offshore Senegal and Guinea Bissau. Through this
transaction Rocksource shall receive reimbursement
for past expenditure, cover for promoted drilling
costs, and receive a contingent contribution towards
any appraisal expenditure. The initial committed
value of this transaction is USD 28 million, with a
further USD 6 million of contribution should Noble
and Rocksource elect to drill a second well following
the drilling of Kora-1, and a further USD 20 million
should a discovery be made and appraisal undertaken...

ja
The first exploration well - the Kora 1 well - is
expected to spud shortly. The Kora prospect has, in
Rocksource's opinion, an expected resource size of
approximately 450 million barrels of oil. To date, 16
prospects have been mapped in the PSC and these
represent a total un-risked resource potential
estimated at approximately 1.7 billion barrels of oil
equivalent. Five of these prospects have been tested
by acquiring electromagnetic (EM) data across them.
The results of processing and interpretation of these
surveys revealed strong positive EM anomalies in
three prospects, of which one was defined mainly
based on the EM results.



Osuus laimenee, mutta mukaan tulee NBL, mikä on positiivista. Koraa ei näköjään ole vieläkään spudattu.

Nööbeli:
The first target to be drilled is the Kora prospect in the northern part of the block, nearly 65 miles offshore in approximately 8,600 feet of water. The Kora prospect has a Cretaceous oil target with gross resources estimated at 450 million barrels of oil equivalent. The chance of success at the prospect is estimated by Noble Energy to be 20 percent. Total well depth is planned to be approximately 15,200 feet. Drilling is anticipated to begin in late June 2011 utilizing the Maersk Deliverer rig, with results expected by the end of August 2011.

David L. Stover, Noble Energy's President and COO, commented, "We are pleased to be adding this new exploration area to the portfolio. Offshore West Africa is a region where the industry has had numerous recent exploration successes, including our own offshore Equatorial Guinea and Cameroon. The AGC Profond block is an area that has not previously been explored and we believe it has significant oil potential. Our new ventures team did a great job of capturing this opportunity for Noble Energy, expanding our already large exploration inventory."


Rocksource arvioi Koran CoSin olevan +50% EM-datan perusteella.

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