Skipper

 

Skipper

Block 9/21a (Source: Wood Mackenzie PathFinder/IOG)

The current licence, P1609, was awarded in 2009 and is currently owned:

Alpha Petroleum Resources Ltd 50% (Operator)
IOG 50%

Based on samples from the 1990 well, API is estimated at 14-16 degrees.

Certified STOIIP estimates from the CPR are:

Skipper STOIIP (MMBbls) Low Estimate Best Estimate High Estimate
Gross 123.1 136.5 150.8


CPR economically recoverable resources are estimated at:

Skipper Resources (MMBbls) Low Estimate Best Estimate High Estimate
Gross 17.9 26.2 34.9
Net to IOG 9.0 13.1 17.5

(Source: Competent Person’s Report.  AGR Tracs.  September 2013.)

The field partners are seeking a rig to drill the appraisal well in Summer 2015. First oil target is Q3 2018.