Asset Profile: Cory Moruga (Snowcap)

Sumary Information

Asset Cory Moruga
Location Onshore, South-west Trinidad
Ownership 83.8% BPC / 16.2% Touchstone
Operator BPC
Stage Production
Asset Type Licence
Recoverable Resource 1.1mmbbl*
Current Production N/A
Cumulative Production N/A
Fiscal Regime Royalty
Tenure August 2032

 

* Subject to BPC review during balance of 2020

Asset Description

  • Acquired in mid-2018 as part of Steeldrum acquisition
  • Located along the western flank of the Rock Dome Anticline, north of the Moruga West field and west of the Inniss-Trinity Field
  • A discovery made in 2010 by Panax

 

Technical Highlights

  • Snowcap#1 flow test performed in February 2011 and 29.5-degree API oil flowed to surface
  • Two extended production tests have been carried out. The first flowed 250 bopd on 7 -12/32′′ choke size (in 2012) and 80 bopd (in 2015) with an emulsion mix due to possible water influx from a deeper sand

 

Near-term Milestone

  • Review all the data and field development plan assess if development is commercially feasible in the current oil price environment

Share Price

22/09/2020

2.39

Share Price Performance

Lastest Regulatory News

View all