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