P2567 – Cadence
Benefitting from a significant investment from Capricorn Energy prior to their strategic withdrawal from the UK, the Cadence licence is highly analogous to the area immediately to the south which contains the Pegasus and Andromeda discoveries, the former of which flowed at rates of 100mmscf/day on test. A number of material prospects and leads are mapped on recently reprocessed 3D seismic and the proposed development of the Pegasus area could provide a local offtake option for any future discovery.
| Block Details | |
| Licence No: | P2567 |
| Award Date: | 01/12/2020 |
| Blocks: | 43/11 & 43/12b |
| Area: | 360km2 |
| Equity position: | 100% |
| Operator: | Deltic 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 | ||