OTCPK:ATGYF - Post by User
Comment by
randeepon Oct 28, 2010 12:28pm
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Post# 17624609
RE: 26th round award Premier/Antrim
RE: 26th round award Premier/AntrimBlock 21/29d is located in the Company's core Greater Fyne Area in the Central North Sea, and has been offered as a Promote Licence (Antrim 100%). The block contains several exploration targets defined by 3-D seismic, including the "Carra" Eocene Tay Prospect at 5000 feet (1525 metres) drilling depth and the "Erne" Eocene Tay Prospect at 5200 feet (1585 metres) drilling depth. The block falls within the joint venture area recently created between Antrim and Premier Oil, as announced on 06 October, 2010. Antrim's successful bid comprised the purchase and reprocessing of additional 3-D seismic data.
Block 21/7b is also located in the Central North Sea and has been offered as a Traditional Licence (Antrim 30%). The block contains the "Typhoon" Eocene Balder Prospect at 5600 feet (1710 meters), on trend with the recent Scolty oil and condensate discovery. The licence was acquired jointly with Premier Oil (70%, operator) with a bid comprising a firm well.