Gulf Oil and Gas accountACCOUNT

Reabold Announces Results of CPR on Corallian-owned Oulton Appraisal Project

Source: www.gulfoilandgas.com 6/4/2018, Location: Europe

Reabold has announced that Schlumberger Oilfield UK has completed a Competent Person's Report ("CPR") for Corallian Energy Limited relating to Corallian's 100% owned Oulton appraisal project in the UK North Sea. As announced on 30 May 2018, Reabold has invested £2,500,000 in Corallian and owns 32.9% of Corallian's issued share capital.

The Schlumberger report attributes 2C contingent resources of 13.9 million barrels of oil and 4.4BCF of gas. The report attributes a best estimate prospective resource of 31 million barrels of oil and 26BCF of gas.

Oulton is a Jurassic sandstone oil discovery drilled by Amoco in 1974.

The Oulton 3/11-1ST well intersected a 114ft Emerald sandstone section which flowed up to 1,500 bbls of 41 ° API oil on test.

3D seismic has revealed a well defined dip and fault closed up-thrown block comprsing three main fault compartments (the Oulton discovery) and an undrilled fault terrace up-dip (the Oulton West Prospect).

Stephen Williams, co-CEO commented:

"We are delighted that Oulton is continuing to emerge as an exciting third leg to the Corallian portfolio. It is a compelling project and we are hopeful that partners will be keen to participate, just as they have been at both Colter and Wick."

Exploration News in United Kingdom >>

South Africa >>  1/20/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to provide an operational update on ...
Angola >>  1/16/2020 - Eni and Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year. Eni and Tota...

Lebanon >>  1/16/2020 - Lebanon’s Ministry of Energy and Water and the Lebanese Petroleum Administration have announced an extension of the application deadline. Companies in...
Norway >>  1/16/2020 - PGS has GeoStreamer data library coverage over the 2019 APA license areas announced this week by NPD and plans for new acquisition projects in 2020 to...

Cameroon >>  1/15/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following operational update on its work o...
Australia >>  1/14/2020 - The Board of Metgasco Ltd has advised that the Vali-1 ST1 gas exploration well reached a TD of 3,217m measured depth in basement, on 10 January. As of...

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  Water Supply Services  Welding Products/Services 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.