p2300 jul 19y.png

In 2015 Simwell Resources Limited and an affiliate farmed into UK 28th Round Promote Licence P2300 (37/26 & 37/27), acquiring a 50% interest.  Ardent (50%) were Licence Administrator. The targets were the Carboniferous leads in the Scremerston and Fell Sandstones, as well as a large, thick Zechstein Z2 Hauptdolomit platform play, analogous to producing fields in the Netherlands, Germany and Poland.

In 2017 Simwell was additionally awarded Licence P2329 (50%) as an Innovate Licence with Ardent as Licence Administrator.  This large acreage tract of 7 blocks and part-blocks adds significantly to Simwell’s acreage position in both the Zechstein Z2 and the deeper Carboniferous play fairways.

In 2018 Simwell was further awarded the adjacent Licence P2427 (43/2 part) in the 30th Round.

In 2019, Simwell agreed a farmout to Horizon Energy over all 3 licences,with Horizon funding a regional 667 sq km 3D seismic survey over the Zechstein play acquired in summer of 2019. In return for a full carry of the 3D, and all future costs of the licence up to drilling Simwell will retain a 10% equity interest. Following processing interpretation of the 3D seismic has now started

Additional acreage over licence P2486, awarded in June 2019 through an application in the 31st Licensing Round, is also part of the farm-out to Horizon. Simwell's retained interest will similarly be 10% in this licence.


 

© 2020 by Simwell Resources Ltd.