Executive summary Plan to drill the Loligo complex (4.7 billion bbls) in Q1 2012 and a second high impact well in H1 2012 Heads of Agreement signed with Borders & Southern Petroleum to share a deepwater rig BHPB have decided to exit…
FOGL Focused on high impact oil & gas exploration offshore the Falkland Islands Extensive licence area of 49,000 sq. km. (12 million acres) with multiple play types. FOGL operator with 100% interest1 Top 7 prospects have combined…
Location map North Falkland Basin Rockhopper Sealion oil discovery Magallanes Basin Proven + Probable reserves 6 Billion Boe Borders & Southern Toroa: First exploration well in East Falkland basin completed in July 2010…
A working petroleum system KEY INGREDIENTS Source Rocks - Clear evidence for a source rock - Direct Hydrocarbon Indicators: Gas chimneys and oil seeps - Good quality source rock encountered in the Toroa well, DSDP wells and…
BHP Billiton BHP Billiton farmed in and became operator in 2007 paying c.US13 million cash and 68% of all exploration costs to earn a 51% interest The joint venture has since spent over US110 million, resulting in a net saving to FOGL…
Licence & work commitments Northern Licence area: Phase 1 ends 15 December 2011. Drilling Loligo fulfils the Phase 1 work commitment FOGL is confident that it will get a 6 month extension of Phase 1 of the Northern Licence area from…
Multiple Play types Tertiary The Tertiary play is Mid Cretaceous 1,500 5,000 ft analogous to the successful Fan Play Channel Play Tertiary deep water play of the Campos Basin, Brazil The Cretaceous fan play is analogous to…
Toroa: results Toroa was drilled first because it was the only prospect accessible using the Ocean Guardian due to water-depth (600m) Reason for failure Seismic amplitude & CSEM response caused by coals rather than hydrocarbons Probably…
Deepwater drilling programme Plan to share a deepwater, harsh environment semi-submersible rig with Borders & Southern Petroleum FOGL is currently planning a 2 well programme commencing in Q1 2012 Need to commit to rig slots & order…
Basin wide Loligo Complex amplitude map Loligo is the largest of a number of prospects within the Tertiary Channel Play Strong seismic DHIs Positive CSEM anomaly Possible stacked reservoir zones, with 5 separate targets Loligo has…
The Loligo Complex North Loligo South Loligo T1 2635m T1 deep Pmean Resources Trigg (recoverable reserves) % of Total Loligo Reservoir mmbbls Reserves Trigg deep Loligo T1 1509 32% Loligo T1 deep 644 14% Trigg & Trigg…
Hersilia Complex Hersilia, Hero and Scotia are the big prospects in the mid Cretaceous fan play (northern licences) Site surveys on: HERSILIA Scotia 1.06 billions barrels mean recoverable oil Hero 1.07 billion barrel mean recoverable…
Summary Highly prospective and large potential resource Heads of Agreement signed to share deepwater rig with Borders & Southern commencing in Q1 2012 Multiple drilling options: 7 different prospects with site surveys Multi-billion…
Loading...
