The current licence, P1609, was awarded in 2009 and is currently owned:
|Alpha Petroleum Resources Ltd||50% (Operator)|
Based on samples from the 1990 well, API is estimated at 14-16 degrees.
Certified Stock Tank Oil Initially in Place (STOIIP) estimates from the CPR are:
|Skipper STOIIP (MMBbls)||Low Estimate||Best Estimate||High Estimate|
CPR economically recoverable resources are estimated at:
|Skipper Resources (MMBbls)||Low Estimate||Best Estimate||High Estimate|
|Net to IOG||9.0||13.1||17.5|
(Source: Competent Person’s Report. AGR Tracs. September 2013.)
The field partners are planning an appraisal well in Summer 2015. First oil target is Q3 2018.