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United Kingdom Licenses

Southern North Sea (UK)

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License P1055
44/11 & 44/12

License Type: Traditional

Acquired: 2006 Farm-In

Partners:
Gaz de France 25%
Tullow 35%
Caledonia 27.5%
Endeavour 12.5%

Description:
Two complete blocks covering 118,561 acres in the UK Southern North Sea located on the northern margin of the Silverpit Basin and 12 miles from Tyne Gas field that contains several highly prospective fault blocks.

Current Work Program:
Currently drilling Cygnus well up-dip from the 44/12-1 well drilled by Marathon in 1988 that logged a 145 feet potential gas column and evaluating.
License P1184
44/21c & 44/26b

License Type: Traditional

Awarded: 2004 22nd License Round

Partners:
Tullow 25%
Endeavour 25%
Gaz de France 25%
Premier 25%

Description:
Two part blocks covering 30,952 acres in the UK Southern North Sea located on the prolific Carboniferous gas trend that lies five miles from both the Schooner and Boulton gas fields.

Current Work Program:
Purchasing speculative and proprietary 3D seismic, depth conversion sensitivity studies and the integration of Schooner field well data.
License P1343
43/30b, 48/5a & 49/1b

License Type: Traditional

Awarded: 2005 23rd Licensing Round

Partners:
Gaz de France 33.3%
Endeavour 33.3%
Tullow 33.3%

Description:
Three part blocks covering 97,261 acres in the UK Southern North Sea license located eight miles southwest of the Schooner Field containing several potential drilling opportunities.

Current Work Program:
Purchasing long offset 2D seismic data, AVO studies and a seismic inversion study on the existing 3D seismic data.
License P1356
48/8c

License Type: Promote

Awarded: 2005 23nd Licensing Round

Partners:
Endeavour 100%

Description:
Part block covering 28,207 acres in the UK Southern North Sea located on a prolific gas trend, seven miles from Barque Field.

Current Work Program:
Purchasing 2D seismic data and carrying out a reservoir quality study.
License P1235
43/22b, 43/23a, 43/27b, 43/28 & 43/29

License Type: Promote

Awarded: 2004 22nd Licensing Round

Partners:
Tullow 25%
Endeavour 25%
Gaz de France 25%
Premier 25%

Description:
Two complete and three part blocks covering 207,361 acres in the UK Southern North Sea located on the northern fringe of the prolific Sole Pit Basin between the Johnston and Trent gas fields containing multiple plays.

Current Work Program:
Purchasing 2D and 3D seismic data.
License P1242 (option farm-in)
48/1a

License Type: Traditional

Acquired: 2005 Farm-In Option

Partners:
CalEnergy 70%
Endeavour 30%

Description:
Part block covering 29,109 acres in the UK Southern North Sea located on a highly productive gas trend, eight miles from Ravenspurn North Field

Current Work Program:
Participation in well depends on analyses of PSDM seismic reprocessing designed to properly delineate the prospect.
License P1132
42/21 & 42/22

License Type: Promote

Awarded: 2004 Farm In

Partners:
Centrica 40%
Endeavour 22.5%
Wham 20%
Antrim 17.5%

Description:
Two blocks covering 119,535 acres in the UK Southern North Sea located in the northwest of the prolific Sole Pit Basin and lies 15 miles from the Wollaston Field.

Current Work Program:
Defining remaining prospectivity following the drilling of the unsuccessful Prometheus well in 2005
License P1229
42/10 & 42/15

License Type: Promote

Awarded: 2004 22nd License Round

Partners:
Premier 50%
Endeavour 50%

Description:
Two blocks covering 118,581 acres in the UK Southern North Sea located to the west of the Silverpit Basin and contains the Agincourt gas discovery drilled by Mobil in 1995.

Current Work Program:
Obtaining and reprocessing 2D seismic data and reservoir quality/engineering studies.
License P1339
43/23b

License Type: Promote

Awarded: 2005 23rd Licensing Round

Partners:
Endeavour 50%
Tullow 50%

Description:
Five blocks covering 168,031 acres in the UK Central North Sea located on hydrocarbon-rich trend five miles from the Beatrice Field in the Inner Moray Firth. Drilling opportunities near the 1982 12/27-1 gas discovery that tested at 9.5mmscfg/d from 28 feet of net pay in the Beatrice sand of middle Jurassic age and the 12/27a-3 well drilled eight years later encountering Upper Jurassic Volgian sand with oil shows.

Current Work Program:
Reprocessing a 3D seismic survey and conducting an engineering study.