Block 9/11c Mermaid (Licence P 979)

Nautical has a 80% interest in the block 9/11c.

Located on the East Shetland Platform, directly south of the Mariner discovery, the Block contains the Mermaid prospect, which was drilled in late 2007. Unfortunately, despite encountering the target Heimdal and Maureen sands on prognosis, they were both water wet and the well was plugged and abandoned. The drilling of the well lifted the Fallow status on the Block and no further activity is requested by BERR until 31 December 2010.

Remaining prospectivity in the Block is very dependent on the interpretation of 2 seismic surveys over Mariner and adjacent blocks indicating the oil bearing Heimdal extends into the North.