North Sea Natural Resources was awarded UK License P2321 in the 29th Round. The license consists of 7 contiguous blocks covering the Devil’s Hole Horst prospect, approximately 100 miles east of Aberdeen.
The Horst was tested by 2 wells drilled over 40 years ago. Re-interpretation of the well results indicates both have evidence of hydrocarbons within Permian Zechstein reservoirs. Third party verified STOOIP for this prospect is 5.7 billion barrels of oil in three reservoirs.
NSNR is planning on acquiring a 3D survey, drilling and testing this discovery.
NSNR are actively seeking joint venture partners/investors to participate in the license work programme.