| Contingent Resources (BCF) | 1C | 2C | 3C |
| Thunderball Discovery | 98 | 154 | 327 |
| Prospective Resources (BCF) | 1U | 2U | 3U |
| Prospect Q | 19 | 28 | 40 |
Energy Rediscovered
Thunderball P2517
OGA-Licensed Block - 14/26b
| License | TANGRAM ENERGY LTD |
| Licence Number | P2517 |
| Tangram Energy Ltd | 100% Equity |
| License Round | 32 Round |
| Quadrant Number | 14 |
| Block Number | 26 |
| Block Reference | 14/26b |
| Calculated (actual) square kilometres | 120.37 |
| Location | Offshore |
- Thunderball Licence P2517 is located in the centre of Moray Firth near the Halibut Horst and sits within the Lower Cretaceous and Upper Jurassic fairways
- 3D seismic data re-processing & interpretation completed
- After rigorous technical analysis, it has been determined that Thunderball is fit for commercial development
- Given the current macro-economic conditions with sustained high energy prices, Thunderball can begin production as early as 2024 and may be able to produce up to 60 MMscf/dCONTACT
- The proximity to infrastructure allows an economically viable tieback to Buzzard or Bloe Holm FPSO
- This is a low risk and low capex investment with upsides from both additional Gas and Oil opportunities
Cirrus P2512
OGA-Licensed Block - 9/27b
| License | TANGRAM ENERGY LTD |
| Licence Number | P2512 |
| Tangram Energy Ltd | 100% Equity |
| License Round | 32 Round |
| Quadrant Number | 9 |
| Block Number | 27 |
| Block Reference | 9/27B |
| Calculated (actual) square kilometres | 106.46 |
| Location | Offshore |
Charlie-Mimas P2584
NSTA-Licensed Block – 48/9
| Contingent Resources (BCF) | 1C | 2C | 3C |
| Mimas Area | 28 | 69 | 126 |
| Mimas Area | 144 | 238 | 368 |
| Charlie Area | 150 | 243 | 367 |
| Alpha Area | 464 | 729 | 1341 |
| License | TANGRAM ENERGY LTD |
| Licence Number | P2584 |
| Tangram Energy Ltd | 100% Equity |
| License Round | 32 Round |
| Quadrant Number | 48 |
| Block Number | 9 |
| Block Reference | 48/9 |
| Calculated (actual) square kilometres | 244.76 |
| Location | Offshore |
- The P2584 licence work programme has been completed for Initial term Phase A including PSDM seismic reprocessing
- Significant potential in the multiple prospects, GIIP more than 1 Tcf
- Unproduced Mimas volumes remaining
- 3D seismic data re-processing & interpretation completed
- Commercialisation is attractive given the current macro-economic conditions with sustained high energy prices, and the proximity to infrastructure allows an economically viable tie-back to Clipper infrastructure
- Farm out Tangram’s interest to drill a commitment well in 2024-2026.
Eldon P2585
NSTA-Licensed Block – 48/13c
| Contingent Resources (BCF) | 1C | 2C | 3C |
| Eldon West | 190 | 271 | 360 |
| Prospective Resources (BCF) | 1U | 2U | 3U |
| Eldon South | 133 | 189 | 252 |
| Eldon South-Was | 149 | 212 | 284 |
| License | TANGRAM ENERGY LTD |
| Licence Number | P2585 |
| Tangram Energy Ltd | 100% Equity |
| License Round | 32 Round |
| Quadrant Number | 48 |
| Block Number | 13 |
| Block Reference | 48/13C |
| Calculated (actual) square kilometres | 122.95 |
| Location | Offshore |
- The P2585 licence work programme has been completed for Initial term Phase A including PSTM seismic reprocessing
- Wells 48/13b-3 and 28/13b-8 seeing up to 4% gas peaks in the Leman Sandstone
- Compartmentalization observed in the Eldon region due to identification of several De Keysers which could lead to multiple prospects
- 3D seismic data re-processing & interpretation completed
- Significant potential in the Eldon discovery, GIIP more than 250 Bcf
- Commercialisation is attractive given the current macro-economic conditions with sustained high energy prices, and the proximity to infrastructure allows an economically viable tie-back to Clipper South infrastructure
- Farm out Tangram’s interest to drill a commitment well in 2024-2026
Thunderball P2517
Thunderball P2517
Thunderball is located in the Moray Firth Area in the Upper Jurassic Burns Sandstone. It was first discovered in 1997 with the 14/26b-05 well.
Eldon P2585
Eldon P2585
The P2585 licence work programme has been completed for Initial term Phase A including PSTM seismic reprocessing
Cirrus P2512
Cirrus P2512
The P2512 licence work programme has been completed for Initial term Phase A including PSTM seismic reprocessing
Charlie-Mimas P2584
Charlie-Mimas P2584
The P2584 licence work programme has been completed for Initial term Phase A including PSDM seismic reprocessing