
Projects Summary
Silverstone SNS Limited, successfully completed two wells in 2006, Vanquish in Block 49/16, a commitment well required under the terms of the V Fields farm-in agreement with ConocoPhillips and BP, and Vulcan East in Block 49/21 an optional well, but covered by the farm in agreement terms. These were classified as gas discoveries with an estimated Original Gas in Place (OGIP) of 160bcf. A third well, Viking Lx in Block 49/17, the second commitment well required under the V Fields farm-in agreement, reached total depth early in 2007 and this was confirmed as a gas discovery estimated at OGIP of 160bcf. All three wells were drilled at a 100% interest with Silverstone as operator.