The company wants a “technically innovative and well capitalised company with North Atlantic or North Sea operating and field development experience” to operate the acreage with the aim of drilling a first exploration well this year.
The exploration licences, which are 100% controlled by Ammonite, lie close to ExxonMobil’s producing Sable gas complex and EnCana’s Deep Panuke gas project.
EL 2417 contains the Penobscot L-30 Cretaceous oil discovery made by Petro-Canada and Shell in 1976, which the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) assessed could contain between 26 million and 80 million barrels of oil.
Ammonite
