Granting of this approval clears the way forward and enables planning of the Sandhills 2 well to commence. Work undertaken by the Isle of Wight Planning Department means that all recognized environmental, ecological and other concerns have been addressed.
Black Rock Managing Director, Ivan Burgess, stated that the approval could, depending on drilling rig availability enable the Sandhills 2 well to be drilled before the end of calendar year 2004. The well will be drilled as a follow-up to the first well which was drilled in 1982 into the same structure. That well encountered significant hydrocarbons in the Jurassic Great Oolite reservoir rocks but was never tested.
Black Rock Oil Gas Plc has 5% equity in this project and will be free carried through the drilling of the well. The Company therefore is not obliged to spend any money on the drilling but will benefit from any success.
Sandhills 2 will be drilled after the Cyrano 2 well which is scheduled as an appraisal of a 29 meter hydrocarbon, 10 meter gross oil column. That well, located in the offshore Carnarvon Basin of Western Australia is likely to commence drilling during October 2004.
Ivan Burgess said that Black Rock has an exciting program for the remainder of 2004.
It is understood that Black Rock has been offered two 12th Round onshore United Kingdom application areas.
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