Simwell Resources Ltd is a young, privately funded E&P company focussed on building a portfolio of gas assets in the NW Europe region. It concentrates on exploration for and evaluation of new plays as well as stranded or undeveloped gas prospects, with the intention of employing new and innovative ideas to improve the understanding of the assets.

Its focus areas are the European Continental Shelf – the UKCS, Eire, Netherlands and Denmark. The Company is in the process of adding to its portfolio in the emerging SNS Carboniferous & Zechstein plays on the northern and western margins of the Permian Basin. We believe that this play will be an important addition to the more traditional targets in the region and is proving that significant gas reserves may yet be discovered.

 

History

In early 2015, the Company was awarded three licences in the 28th Round of UK Licensing. At the same time the company also acquired an interest in Block113/27d in the East Irish Sea, where newly interpreted seismic data has revealed updip gas potential in excess of 200bcf in the Castletown gas field. In August 2015, the Company reached an agreement to farm-in and acquire an interest in three blocks in Quadrants 41 and 42 in the SNS. As part of the its focus on the Carboniferous play fairway on the northern margin of the Permian Basin, the Company then farmed in to three licences in Quadrants 37 and 43 in Q3 2015. Some of these licenses were subsequently relinquished. The company made applications in the 29th Licencing Round and was awarded three licenses.

The Company is based in south west London, where it maintains a small but very experienced technical and commercial team, who have a track record of building successful businesses.