Prominence Energy NL holds 100% of Leases SL21754 & SL21787 (74%NRI), covering 1,155 acres, in <3m of water, located 70km SE of New Orleans in Breton Sound area. The surrounding areas have produced >1.2 billion bbl and 5tcf.
Leases contain former fields, prospects and leads. Shell discovered a gas field in 1955 at 9,500ft TVD (~46bcf produced).
Primary project is Bowsprit Field, a re-development of a small proven oil field, containing light sweet crude.
Bowsprit discovered by Shell wells, 7,400ft deep, ~30ft sand, produced ~76,000bbl from vertical wells in 1960's, ~100 bopd/well, not commercial for full field. Prominence Energy NL plans to re-develop using horizontal well(s).
Horizontal well in nearby analogous field was production tested at 1,500 bopd. RISC modelled a 1,200ft horizontal crestal well in the Upper Miocene sand between two former producers as capable of up to 2,000 bopd and EUR of 670,000bbl.
High Quality 3D seismic shot 1997, reprocessed in 2002, Multiclinet since 2014.
