Licence PL241

Nodding Donkey

Photo courtesy Doriemus PLC

Lidsey oil field

  • Located onshore near Bognor Regis, West Sussex in the Weald Basin
  • The field was discovered by the Lidsey-X1 well drilled by Carless Exploration in 1987
  • The field is contained within a tilted fault block structure, dip closed to the north and fault sealed to the south
  • The oil-bearing reservoir is the Middle Jurassic Great Oolite limestone similar to that of the Humbly Grove and Horndean fields which have been in production since the late 1980s
  • The current well is capable of producing c.40 bopd; it is currently shut in pending drilling of the new well in 2017
  • A new horizontal well across the crest of the structure is planned for 2017 which initially could increase this production rate by an order of magnitude
  • Angus Energy (the operator) has an option to acquire half of Terrain’s interest in this licence (reducing Terrain's interest to 10%) in return for a cash consideration and carrying Terrain's remaining interest in the licence for the costs associated with the new well

  1. Angus Energy (Operator) - 50%
  2. Terrain Energy - 20%
  3. Doriemus PLC - 20%
  4. Brockham Capital Limited - 10%

Terrain Energy

Terrain Energy is developing a portfolio of oil and gas interests based in politically stable countries, with its current focus on the UK. Terrain Energy is seeking to further develop its balanced portfolio of interests with the emphasis on production orientated assets.

News

January 2017
The Whisby-6 well was successfully drilled in 2016 and encountered a good oil-saturated basal sandstone with initial production of 168 barrels of oil per day.....
[ full story ]

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Terrain Energy Limited
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W1K 6NF

Phone: +44 (0)20 7518 1714
Email: info@terrain-energy.com

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