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UKCS 31st Round Blocks Offered
UKCS 31st Round Blocks Offered.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \nRNS Number : 1484B Baron Oil PLC 05 June 2019 \n\nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n5 June 2019\n \nBaron Oil Plc\n(\"Baron\" or \"the Company\")\n \nUKCS 31st Round blocks offered\n \nBaron Oil Plc (AIM: BOIL), the AIM-listed oil and gas exploration and production company, is pleased to announce that it has been offered the award of Innovate license blocks on the United Kingdom Continental Shelf (\"UKCS\") under the 31st Offshore Licensing Round. The awards are dependent on satisfying the conditions laid down by the UK Oil & Gas Authority.\n· Baron offered 15% in blocks 11/23, 11/24c and 11/25b, surrounding the Wick Prospect, with potential in the existing Knockinnon discovery and additional prospects;\n· Baron offered 15% in Moray Firth blocks 12/27c, 17/5, 18/1 and 18/2, containing a new exploration play up-dip from the 12/27-1 discovery, with Pmean Prospective Resources of 187 mmboe in the Dunrobin Prospect and 23.5 mmboe in the Golspie Prospect\n· Baron offered 8% in blocks 98/11b ands 98/12, containing 30% of Colter South, the Ballard South gas discovery and the offshore part of the Purbeck Prospect\nIn each of the areas, Corallian Energy Limited (\"Corallian\") will be the operator. \n \nInner Moray Firth North (Baron 15%)\nThe Corallian-operated group has been offered Blocks 11/23, 11/24c and 11/25b in the Inner Moray Firth. These blocks form contiguous acreage located nearshore to the NE Scottish coast, 135 km NW of Aberdeen, in an average 30 metres water depth, in the Inner Moray Firth sector of the Central North Sea.\nBlock 11/24c block contains the Knockinnon Beatrice age oil discovery which is located approximately 8 km off the Scottish coast, and 7 km south of the Lybster Field. It was discovered by well 11/24a-2 and its sidetrack 11/24a-2z, drilled in 2000 by Talisman. Underlying the Knockinnon discovery is a mapped sub-thrust footwall anticline (the Alpha prospect). The block also contains the Whaligoe (extending to Block 11/25b), Camster and Camster South Prospects, which are downthrown against the Great Gl...