Weiden Basin Hydrocarbon Licence Completed

Source: www.gulfoilandgas.com 3/12/2014, Location: Europe

Rose Petroleum, the AIM-listed natural resources company, is pleased to announce that the statutory period for legal challenges against the Company’s licence in the Weiden Basin, Germany has now expired. No legal challenges to the Licence were registered. Further details on the Licence, which is held through the Company’s wholly owned subsidiary Naab Energie GmbH, are contained in the Company’s announcement on 31 January 2014.

The Weiden Basin is a sedimentary basin, located in southeastern Germany, containing up to 2800 metres of Upper Carboniferous-Lower Permian fluvial-lacustrine sediments, including black shales, coal beds and sandstones. In 1989, the Weiden-1 geothermal well was drilled by the municipality of Weiden and, following analysis, indicated the presence of oil in the Permian sandstones. A core, bleeding of oil, was recovered from the well.

Several 2-D seismic lines were shot across the area indicating a number of prospective conventional targets, but no additional wells have been drilled to date. The conventional targets consist of structural traps in the Permian sandstones charged with oil from Paleozoic source rocks. The seal is provided by interbedded shales. Oil was generated and expelled in the trough, and is trapped in the Permian sands as indicated by the Weiden-1 well.

Matthew Idiens, CEO, said, “Rose is actively progressing the project and has identified the present holders of both the 2D seismic data and also core from the Weiden-1 well, which we plan to re-analyse. Beyond Germany, we are working on additional projects and look forward to being able to update the market at the appropriate time.”

John Blair, (BSc Geology and MSc Geophysics) Head of New Ventures for Rose Petroleum plc, who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies, has reviewed and approved the technical information contained within this announcement.


India >>  5/27/2022 - ONGC held its 349th Board Meeting on 26th May, 2022 exclusively for firming its Future Exploration Strategy. The Company has drawn up a comprehensive ...
Uruguay >>  5/26/2022 - Challenger Energy (AIM: CEG), the Caribbean and Atlantic-margin focused oil and gas company, with oil production, appraisal, development and explorati...

Norway >>  5/25/2022 - Equinor has made a new oil discovery in Snøfonn Nord, exploration well 7220/8-2 S, by the Johan Castberg field in the Barents Sea.

The well...

United Kingdom >>  5/20/2022 - UK Oil & Gas PLC is pleased to announce that West Sussex County Council ("WSCC") has approved, by a 7-2 majority vote, a 2-year planning permission ex...

United States >>  5/19/2022 - During testimony before the U.S Senate Committee on Energy and Natural Resources, Secretary of the Interior Deb Haaland confirmed that, despite delays...
Australia >>  5/17/2022 - Highlights • State Gas, in Joint Venture with Santos QNT Pty Ltd, appointed Preferred Tenderer of two new strategic gas exploration areas, PLR2021-1-...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.