Block 8/25a & 8/25b (Licence 976)

Nautical has a 50% interest in blocks 8/25a & 8/25b

The Selkie prospect was drilled in May 2008 in 13 days but, despite the Dornoch Formation being penetrated close to prognosis, the well was dry. Initial interpretation indicated that the shale seal, which proved competent in the nearby Skipper discovery, was developed as a siltstone causing an ineffective top seal to the reservoir sands. Nautical had no financial exposure to the well having successfully farmed out its interest to Canamens and Celtic Oil Limited.

The Block also contains the Kelpie prospect and is currently being evaluated for further prospectivity. Under the farmout agreement, Canamens became operator for the Licence.

Block 8/25b was awarded in the UKCS 25th Licence round.

 
© Copyright Nautical Petroleum plc 2009 Home | Contact Us | Site Map | AIM 26 Compliance | Disclaimer

 

 
   
click here for more about us click here for more investor pages click here to read the latest news