2012/2013 Highlights Rationalised our licence interests with a focus on the highly prospective northern area of the basin Commitment work programme of one well on PL003/4/5 before May 2016 Completed a full assessment of our…
Why focus in the northern area Mature Source Rock Major Early Post-Rift Fan Systems for PL004 Sea Lion Sea Lion Field Casper South PL003b Jayne Rachel PL003b PL004b PL004c PL004b PL004c F Sequence Source Rock Area: 1,747…
Importance of the merged 3D seismic Pre-2012 Post-2012 2012 Merge 3D Seismic East Flank East Flank Play Fairway Play Fairway Sand Sand Entry Points Entry Points PL003b PL004b PL003b PL004b PL004c PL004c 2004 3D Seismic…
Discoveries to date in the NFB Sea Lion Complex Early post-rift Oil and Gas PL003b Multiple connected reservoirs Multiple appraisal wells PL004b Near-term development PL004c Senergy CPR 85 MMstb Net (2C) LizDiscovery…
Sea Lion Summary Desire has a significant stake in a Top SLMC Depth (m) major oil and gas discovery, but unitisation discussions not yet started OWC (2477m) Further appraisal drilling required to establish distribution of…
Seismic expression of different plays W 14/19-1 E Post-Rift Structural / Stratigraphic Traps Post-Rift 2000m Syn-Rift Early Post-Rift Structural Traps 2360m : Onset East Flank Stratigraphic Traps of oil generation…
Isobel Prospect Stack Isobel well to target stacked prospects with best case resources of 281 MMstb (gross, unrisked) 2300m Best Case Gross Prospective Resources Unrisked Risked COS Prospect MMstb MMstb Lydia SE 39 7 1 in…
Jayne Prospect Stack Jayne well to target stacked prospects with best case resources of 405 MMstb (gross, unrisked) 2100m Best Case Gross Prospective Resources Unrisked Risked COS Prospect MMstb MMstb Rachel Updip 167 32…
East Flank Play Full Potential Best Case Prospective Oil Resources Gross Gross Play Type Unrisked Risked East Flank F Prospects 1943 466 MMstb 11
Post Rift E2 Prospectivity Ann/Orca South PL003b PL004c PL004b PL003a PL004a Best Case Gross Prospective Resources Unrisked Risked COS Prospect MMstb MMstb Ann / Orca South 132 42 1 in 3 PL005 Caroline 113 15 1 in…
Syn-Rift Prospectivity A Susan / Helen Prospects B 2012 Merge 3D Seismic PL003b PL004c PL004b Best Case Gross Prospective PL003a PL004a Resources Unrisked Risked COS Prospect MMstb MMstb Ann / Orca South 62 12 1 in 5…
Prospective Resource Summary Best Case Prospective Oil Resources Gross(1) Gross(1) Net(2) Net(2) Play Type Unrisked Risked Unrisked Risked PL003b PL004b PL004c East Flank F Prospects 1943 466 1531 363 MMstb Post-Rift E Prospects…
Top Ranked Prospects Catriona East Shona NE PL003b Casper Harriet East Jayne Jayne Prospect Stack 405 MMstb(1) PL004c Ninky North Jayne West Ninky North Prospect Stack 260 MMstb(1) Joanne Kiki PL004b Rachel Ann/Orca West…
NFB Prospect Inventory (from published CPR) Desire Licences 3 stacked prospects with 250 MMstb(1) PL003/4/5 Summary: 12 prospects with 100 MMstb (1) 10 prospects with CoS 30% Irene Ann / Risked resources 494 MMstb(2) net…
Conclusions Best remaining exploration potential in the North Falkland Basin Multiple stacked prospects with gross prospective resources 250 MMstb High equity interests in a proven working hydrocarbon system Significant…