The PEDL 256 partners will be:
NP Weald
Magellan Petroleum (N.T.) Pty Ltd
Encore Oil Plc
Oil & Gas Investments Limited
Graham Heard, Exploration & Technical Director of Northern, commented:
“We are very pleased to have been offered Block SU60. The Havant prospect is considered to contain 16 million barrels of oil in place and the structure has similarities to the Horndean field located 5 km to the north. A planning consent has been granted for a drilling site next to the A3(M), previously announced on 12th March 2009, from which to drill an exploration well.”
