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 from the Great Oolite
  • The Kimmeridge interval was tested in this well and found to contain moveable oil
  • Angus Energy (the operator) exercised 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 a new well drilled in 2017
  • The new horizontal well across the crest of the structure has not produced as predicted and work is ongoing to optimise the production

  1. Angus Energy (Operator) - 60%
  2. Terrain Energy - 10%
  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
104 Park Street
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W1K 6NF

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

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