Corallian Energy Limited

A private oil and gas appraisal and exploration company

A private oil and gas appraisal and exploration company

A private oil and gas appraisal and exploration companyA private oil and gas appraisal and exploration company

curlew-a LIGHT OIL discovery (Licence P2396)

Summary

  • 30th Round award – Corallian is operator with a 90% interest 


  • Un-appraised, drill-ready, light oil discovery (well 29/7-1) in Tertiary Cromarty and Odin sandstones (10.5m net oil)


  • Salt-cored anticline covering 21.5 km2 areal extent with 130m relief


  • Near-term, low cost development opportunity


  • 39 mmboe 2C resource (Sclumberger CPR) with significant upside & secondary target (fractured Chalk – oil recovered in 29/7-1)


  • Rig site survey completed


  • Proposed 2021 well is located to prove commercial volumes (sub-sea tie back)


  • Well design allows potential re-use as an observer / producer

image1