Hansa Awarded Stakes in G18, H16, M3 and N1 Blocks

Source: www.gulfoilandgas.com 10/1/2012, Location: Europe

Hansa Hydrocarbons Limited (Hansa) has been awarded a 100% interest in the G18, H16, M3 and N1 Blocks (4Quads) offshore Netherlands with effect from 18th September for a term of 6 years. It is anticipated that EBN, the Dutch state entity, will participate in the licences at a level of 40% following our invitation in accordance with the Dutch Mining Law.

The 4Quads are located adjacent to the German/Dutch median line to the east and contiguous with the H&L Blocks where Hansa holds a 20% interest. The prospective areas lie in shallow waters of approximately 35m water depth and some 35km to the north of the major NGT gas pipeline which offers an attractive solution for eventual export.

The prospectivity identified in the 4Quads is an extension of the Lower Rotliegend (Havel) play that has been tested successfully in the adjacent H&L Blocks. Two prospects have been mapped within a mega closure tested by two NAM wells in the 1980s, both of which encountered gas in thin Carboniferous and Havel sandstones. Proprietary work carried out by Hansa has demonstrated the likely development of thicker Havel sandstones over parts of the mega closure leading to the potential for some of the largest accumulations remaining in the basin. Seismic will be acquired to further delineate the prospectivity prior to drilling.

John Martin, Hansa Hydrocarbon’s CEO, said:

“We are delighted with the award of the 4Quads which marks the entry of Hansa into the Netherlands, a market which we have been evaluating for some time. Moreover the addition of these licences builds on our existing core area in the neighboring H&L Blocks. The 4Quads epitomizes Hansa’s core strength of bringing new thinking to bear through leveraging its unique knowledge from the area and performing its own proprietary technical work to identify opportunity which has been hitherto unrecognized. With conventional prospective resources in excess of 2 tcf of gas-in-place the 4Quads are strategically significant for not just Hansa but also the Netherlands.”


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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