Positive Near-lease Results
Operator with ~75% working interest
- Large independent resource post Charlie-1 well => 1.77 billion BOE2
- De-risked by 3 wells: Icewine-1, Icewine-2 and Charlie-1.
- The results at the near-by Talitha-A well are highly encouraging regionally for several formations that extend into Project Icewine.
- 88E to reassess the potential across the acreage as a result of the Talitha-1′ well ahead of a planned farm-out.
- Operator with ~75% working interest.
- ~193K net acres.
- Independent resource of 1.77 billion BOE2
A reassessment of the potential across the acreage has been planned ahead of an expected strategic farm-out. Results from the nearby Talitha-A well1 are encouraging and have the potential to extend into the 88E leases.
Note:
1. Talita-A well was drilled and tested by Pantheon Resources LLC in Q1 2021
2. Please refer to the ASX release dated 10 November 2020 for full details with respect to the Prospective Resource estimate, associated risking and applicable Cautionary Statement.
“ We are thrilled with the results from the Merlin exploration well, with light oil detected in the Nanushuk across three separate horizons ”
Ashley Gilbert, Managing Director
PROJECT ICEWINE MAP
PROJECT ICEWINE PROSPECTIVE RESOURCE
| Prospective Oil Resource (Unrisked) | MMBO | ||||
| Prospects & Leads | Formation/Play | Low | Best | High | Net Mean to 88E |
| Lima Complex | Seabee/Basin Floor Fan | 214.2 | 978.2 | 1622,803.8 | 1,418.9 |
| Stellar Fan 1 | Torok/Basin Floor Fan | 7.5 | 27.2 | 80.8 | 40.4 |
| Stellar Fan 3-1 | Torok/Basin Floor Fan | 3.1 | 10.9 | 37.2 | 17.6 |
| Stellar Fan 4 | Torok/Basin Floor Fan | 9.9 | 35.3 | 122.5 | 58.9 |
| Stellar Fan 5/6 | Torok/Basin Floor Fan | 11.5 | 43.4 | 162.9 | 73.4 |
| Stellar Fan 2 | Torok/Basin Floor Fan | 21.5 | 57.2 | 134 | 70.5 |
| Stellar Fan 3-2 | Torok/Basin Floor Fan | 25.5 | 74 | 184.7 | 94.2 |
| TOTAL PROSPECTIVE OIL RESOURCE | 1,773.9 | ||||
|---|---|---|---|---|---|
*Please refer to the ASX release dated 10 November 2020 for full details with respect to the Prospective Resource estimate, associated risking and applicable Cautionary Statement.
