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Wessex Exploration
www.wessexexploration.comProfil
Wessex Exploration plc (Wessex) was formed to explore the Wessex and Weald Basins of southern England at a time when the prolific Sherwood Sandstone reservoir had just been discovered in the giant Wytch Farm oil field and smaller oil and gas discoveries were being made in the Weald Basin. Wessex completed a regional geological study of these basins and concluded that the complexity of the stratigraphy, structure and geological history of the basins required a careful, disciplined and highly technical approach to hydrocarbon exploration and that additional significant hydrocarbon potential remained in place.
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Unternehmensstrategie und – daten:
Wessex Exploration plc (Wessex) was formed to explore the Wessex and Weald Basins of southern England at a time when the prolific Sherwood Sandstone reservoir had just been discovered in the giant Wytch Farm oil field and smaller oil and gas discoveries were being made in the Weald Basin. Wessex completed a regional geological study of these basins and concluded that the complexity of the stratigraphy, structure and geological history of the basins required a careful, disciplined and highly technical approach to hydrocarbon exploration and that additional significant hydrocarbon potential remained in place.
Wessex, having the technical resources to accomplish such disciplined exploration applied for and was awarded Petroleum Exploration and Development Licence PEDL 089 in Hampshire, located along the coastline and approximately 10 kilometres from the eastern end of Wytch Farm.
In late 2008, as a result of the United Kingdom 13th Landward Bid Round, Wessex was granted an interest in two new exploration licences, PEDL 238 (southern Dorset) and PEDL 239 (Isle of Wight).
Since that time, Wessex has also expanded into the international exploration arena and has acquired a portfolio of other assets in Guyane, (formerly French Guiana), the Mozambique Channel, offshore from Madagascar in the French territory of Juan de Nova and both offshore and onshore the Western Sahara of northwest Africa, all of which are expanded upon within the following Review of Operations.
The main guiding principles for Wessex in acquiring exploration acreage are:
- The presence of a proven petroleum system or at least, in an under-explored area, the presence of all the necessary components for same
- The presence of one or more oil majors in the same general area, exploring for what may result in significant new discoveries, thus adding value to Wessex’s acreage
- The presence of an anomalous or incomplete exploration cycle in the area, resulting from legal, access or operational hurdles blocking normal exploration and development of the area of interest
The Company now has the basis of an attractive and highly prospective portfolio of moderate to high risk but high reward projects on which the investment of new capital will help to add further value and unlock the potential of these assets.
Aktuelle Tätigkeiten:
United Kingdom
These southern Hampshire licences are located on the northern flank of Wessex Basin close to the prolific Wytch Farm oilfield (500 million barrels recoverable), the largest onshore oilfield in western Europe.
The licence lies in an area into which oil is believed to have migrated east of the main hydrocarbon trap at the Wytch Farm oilfield. This situation is understood to be the result of the basin configuration at the time of the oil migration. Early formed structures of the Pre-Upper Cretaceous age, are potential traps for the migrating oil.
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Guyane
Wessex, in alliance with Northern Petroleum has incorporated Northpet Investments, a company registered in the United Kingdom that holds a 2.5% interest in the Exclusive Exploration Licence (EEL) covering a vast offshore area of Guyane (a French prefecture previously called French Guiana). The licence was renewed on 1 June, 2006 and covers an area of approximately 30,000 square kilometres.
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Juan De Nova Est, Mozambidue Channel
Wessex holds 70% of the Juan de Nova Est permit (subject to French Government approval) covering 9,010 square kilometres in the Mozambique Channel, northwest off the island of Madagascar.
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Western Sahara, Northwest Africa
In March 2006, Maghreb Exploration, a wholly owned subsidiary of Wessex, together with two other UK companies were awarded by the Government of the Saharawi Arab Democratic Republic (SADR) a production sharing contract over the onshore Bojador block covering 9,880,000 acres.
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Management
David Bramhill -- Non-Executive Chairman
Frederik E Dekker -- Managing Director
Tim Heeley -- Commercial Director
Hauptaktionäre
No info available.
Kontakt
Email:
[email protected]
UK Office:
Frederik E. Dekker
Managing Director
9 Albert Embankment, #69
London SE1 7HD
United Kingdom
phone: 020-7582 7212
fax : 020-7582 7192
e-mail: [email protected]
USA Office:
8704 Red Rio Drive,
No. 201 Las Vegas,
Nevada, 89128
USA phone: (415) 339-0149 or (702) 360-4376
fax : (415) 339-0349;
email: [email protected]
Unternehmensinformationen
Financial Advisers
Westhouse Securities Limited
12th Floor
One Angel Court
London EC2R 7HJ
Registrars
Capita Registrars
The Registry
34 Beckenham Road
Beckenham BR3 4TU
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