Dunrobin11 Feb 2023 09:53
Morning all.
From Boil RNS news due here any day now.
As announced on 15 November 2022, the technical work programme over the Dunrobin and Golspie complex of prospects is now largely complete, and Baron is working with the licence operator, Reabold North Sea, to complete the re-evaluation of Prospective Resources and potential commerciality of any future discovery.
The Baron board reaffirms its belief that the western part of the Dunrobin complex (the "Dunrobin West" prospect) is potentially a drillable prospect where an initial exploration well on the P2478 licence could target approximately 100 MMbbl of gross Mean Prospective Resources (non SPE PRMS compliant). Due to the shallow nature of an exploration well on Dunrobin West (approximately 800 metres total depth), gross drilling costs to test such a substantial volume are likely to be modest at approximately GBP8 million. In addition, success on Dunrobin West would de-risk potential follow ups on Dunrobin Central, East and Golspie analogous prospects.
A joint farmout campaign is underway and we look forward to announcing the results of the subsurface re-evaluation during February 2023.