Blocks IV and V

  • >4,400km of 2D Seismic, 200km2 of 3D Seismic
  • Full coverage 2-4km grid surface gravity surveys; 11,000km2 of Full Tensor Gravity (FTG) + High Resolution Aero-Magnetic (HRAM) surveys with 500m flight-line spacing
  • 2 Deep (~1,500m) continuous stratigraphic core holes drilled with evidence of working petroleum systems (fluid inclusions & oil staining)
  • 2 Shallow (250m) continuous oil shale scoping cores; world class oil shale resource potential
  • 1,500 outcrop and borehole samples characterizing pervasive, rich source rocks; high porosity reservoir units; age and thermal maturity
  • Basin opener wildcat wells Snow Leopard-1 and Wild Horse-1 drilled during 2018 in Block V and Block IV respectively. Snow Leopard-1 proved active petroleum system in the Taats Basin. Wild Horse-1 well results indicates possible petroleum system in Baatsagaan Basin but no follow-on potential matured
  • Block V final relinquishment retains both Taats and Tugrug Basins with potential future drilling opportunities on the Velociraptor trend defined
  • Block IV fully relinquished in August 2020
  • Block V put into moratorium in 2020 due to Covid-19 pandemic related issues. Moratorium expired end 2022 with expiry of final exploration period extended to 28 July 2024
  • Drilled Velociraptor Prospect in July 2023 with the well plugged and abandoned as a dry hole although good quality reservoir sandstones were encountered
  • Post well studies ongoing to determine remaining prospectivity in Block V and the Valley of the Lakes basins