13 September 2007
This new Licensing Option is situated in an area immediately adjacent to Hook Head (held under SEL 2/07), where the successfully drilled 50/11-3 appraisal well currently is being tested. The Option has a term of one year and covers an area of some 375 square kilometres. The area contains a number of significant mapped leads and prospects at a similar level to those, which are hydrocarbon-bearing in the Hook Head Structure.
SOSINA together with its Celtic Sea Partners, has been granted a Licensing Option over part-blocks 49/15, 50/7, 8, 11, 12 & 13 in the North Celtic Sea Basin, offshore Ireland. The Option is situated in an area immediately adjacent to Hook Head (held under SEL 2/07), where the Celtic Sea partners currently test the successfully drilled 50/11-3 appraisal well.
The area contains a number of significant mapped leads and prospects at a similar level to those, which are hydrocarbon-bearing in the Hook Head Structure.
In light of the 50/11-3 Hook Head well results to date, it is believed that the Option area offers possible further significant hydrocarbon potential, which may compliment any future development of the Hook Head discovery. The partners will now await the outcome of the testing programme of the Hook Head well in order to progress our work programme in this adjacent area.
The partners in this Licensing Option and their equity interests are* Providence Resources Plc (Operator) 43.5294%, Challenger Minerals (Celtic Sea) Limited 16.3235%, Dyas BV 16.3235%, Atlantic Petroleum (Ireland) Limited 10.8824%, Forest Gate Resources Inc. 7.5% and SOSINA Exploration Limited 5.4412%.
* Subject to Ministerial consent
Contacts
David J. Davies
Managing Director
SOSINA Exploration Ltd
Mob: +44 (0)7703 293 649
Golden Cross House
8 Duncannon Str
London WC2N 4JF
Tel: +44 (0)207484 5071
Fax +44 (0)20 7884 5100
1 Berry St
Aberdeen
AB25 1HF
Tel: +44 1224 845464
Maps
 |  |
Hook Head before optional license | Hook Head inclusive optional license |
Larger map? Click here >> | Larger map? Click here >> |
| Document | Size | Format | |
| Text | 8 KB | RTF | Download >> |
| License map | 78 KB | GIF | Download >> |
| HH before | 45 KB | GIF | Download >> |
| HH inclusive | 62 KB | GIF | Download >> |
About SOSINA
SOSINA Exploration Ltd. is an independent oil and gas exploration company. The Company was founded in 2004, but with roots back as a sister company to the company Odegaard Ltd. acquired in 2006 by Schlumberger Inc.
SOSINA's active oil and gas portfolio includes offshore interests in Ireland and the UK. SOSINA's portfolio is balanced between appraisal and exploration assets. Comprehensive information on SOSINA and its oil and gas portfolio is available from SOSINA's website at www.sosina.co.uk.