• As part of an assessment of Egyptian Vulture, the discovery has been estimated to hold 4-68 mmboe contingent resources (1C-3C case). The study focused on seismic interpretation and distribution of areas with good reservoir.
• For an appraisal well on Egyptian Vulture to be successful, it would need to encounter better reservoir quality than that penetrated by the discovery well.
• Reflecting differing views on the asset, the Joint Venture participants have not reached an agreement on an appr ....

03 Mar 2023
Longboat Energy plc (AIM: LBE): Egyptian Vulture to be relinquished but Longboat plans to take the asset forward

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Longboat Energy plc (AIM: LBE): Egyptian Vulture to be relinquished but Longboat plans to take the asset forward
Longboat Energy Plc (LBE:LON) | 19.2 0 1.3% | Mkt Cap: 10.9m
- Published:
03 Mar 2023 -
Author:
Stephane Foucaud -
Pages:
5 -
• As part of an assessment of Egyptian Vulture, the discovery has been estimated to hold 4-68 mmboe contingent resources (1C-3C case). The study focused on seismic interpretation and distribution of areas with good reservoir.
• For an appraisal well on Egyptian Vulture to be successful, it would need to encounter better reservoir quality than that penetrated by the discovery well.
• Reflecting differing views on the asset, the Joint Venture participants have not reached an agreement on an appr ....