Lansdowne Oil & Gas welcomes the announcement by Providence Resources plc of the award of Standard Exploration Licence (SEL) 1/11 over the Barryroe area, in which Lansdowne has a 20% working interest.
As noted by Providence, the area of SEL 1/11 is larger than held previously under Licensing Option 08/1, an increase of some 25 sq km, with the extra area lying on the northern side of the concession where additional potential has been recognised. Providence has also updated details of the forthcoming Barryroe appraisal well, 48/24-J, the location of which has been finalised using the new fast-track 3D seismic data and which is expected to commence drilling operations in mid November. The Licence is for a period of up to 6 years, split into two 3 year phases, the appraisal well will fulfil the drilling commitment for the first phase of the licence. It is planned to test the well using vacuum insulated tubing which has been demonstrated to be effective when dealing with high pour point crudes such as those seen in the original well.