American Energy Development Corp. (AED) has outlined its strategy for the development of the company's 24,700 acre Windsor Prospect located in the United Kingdom.
Managed by AED's wholly-owned U.K.-based subsidiary, Reservoir Resources Limited, the prospect acreage is located in the proven Weald Basin. The prospect has geological formations and structures that extend onshore from the North Sea, with seismic mapping showing a closed anticline structure. Middle Jurassic oil shows and oil production are currently found throughout the basin, which is suggestive of an active petroleum system in the area. An independent geological report indicates the Windsor acreage could have an estimated prospective resource potential of up to 615 million barrels of oil in place.