OilVoice - Tolmount Exploration Opportunity from Dana Petroleum: Blocks 42/28d & 29b (P.1330)

Tolmount Exploration Opportunity from Dana Petroleum: Blocks 42/28d & 29b (P.1330)

Thursday, December 17, 2009

Dana Petroleum is offering a 35% equity share in two part blocks containing six Rotliegend prospects and one gas discovery (Mongour), in exchange for a negotiable carry of Dana well costs in testing the Tolmount prospect.

Blocks 42/28d & 29b lie in the Southern North Sea, at the north-western end of the Sole Pit Trough, in the prolific Rotliegend play fairway.

Tolmount is a simple structural closure in both time and depth, mapped at Top Rotliegend level, with 185m of vertical relief.

A new PreSDM 3D dataset has been generated over the blocks to aid trap definition.

Tolmount has mean reserves of 102bcf with an upside of 201bcf (COS: 0.53).The prospect will be drilled in Q3, 2010 (£12.1MM dry hole cost).