UKCS: Volumetric updates at West Newton A-2

Based on the well and test data, and subsequent analysis to date, Rathlin Energy (the operator) has provided updated volumetric estimates for two scenarios, a Base Case and an Upside Case.

The Upside Case places volumetrics at 283 MMbbl STOIIP and 47 MMboe GIIP.

Basis for Re-Evaluation of the Kirkham Abbey Reservoir

• Differing rock volumes, porosities and saturations, based on direct measurement and analogue data, has been used in arriving at the in-place hydrocarbon estimates;
• Evaluation of drilling results from the West Newton A-2 well, particularly the revised petrophysical, fluid saturation, sedimentological and diagenetic analyses;
• Identification of the oil leg in the Kirkham Abbey reservoir in the West Newton A-2 well, based on geochemical analysis of the gas and fluid samples, core fluorescence and surface samples, including results obtained from the Pulsed-neutron Raptor tool;
• 28-metre core sample through the Kirkham Abbey interval, which yielded important sedimentological and depositional data and core analysis.

Press release