P2567 – Cadence
P2567 is a 32nd Round licence located to the north west of the Pegasus and Andromeda complex. The 43/11 block was previously held by Deltic as P2248 and contains the Cadence, Bassett and Bathurst prospects, whilst the newly awarded 43/12b contains the Cordova prospect.
A farm out to Capricorn Energy Plc (formerly Cairn Energy) was announced in August 2021 and completed in November 2021.
| Block Details | |
| Licence No: | P2567 |
| Award Date: | 01/12/2020 |
| Blocks: | 43/11 & 43/12b |
| Area: | 360km2 |
| Equity position: | 40% |
| Operator: | Capricorn Energy |
Cadence Prospect
Cadence is a large Carboniferous faulted inversion structure which is predicted to have multiple reservoir levels, in the Scremerston and Fell Formations. Deltic Energy carried out extensive work on the Cadence prospect during the P2248 licence period and now see it as effectively drill ready.
Resource Summary
| Licence Ref | DELT Equity | Prospect | Type | Net Prospective Resource (BCF) | Risk Factor % | ||
| P90 | P50 | P10 | |||||
| P2567 | 40% | Cadence | Scremerston | 12 | 57 | 189 | 26 |
| Fell | 75 | 182 | 344 | 16 | |||
| Cordova | BPU | 13 | 50 | 132 | 26 | ||
| Bathurst | Triassic | 48 | 110 | 228 | 22 | ||
| Bassett | Triassic | 14 | 51 | 121 | 37 | ||