Caballa Prospect

  • Robust, fault-related trapping geometry identified at the Zorritos and Heath levels, defined by 2D seismic data.
  • Deeper Heath level offers stacked potential and is characterised by reduced faulting.
  • Structure located at a focus of migration from oil-mature Heath source kitchen. Zorritos structure > 60 km2.
  • Several analogous features identified on the 2D data.
  • Opportunity to evaluate a giant play where free gas appears to be trapped beneath the hydrate zone, defined by the Bottom Simulating Reflector (BSR).
  • The Caballa prospect is broadly similar to Bonito with a greater component of dip closure which makes it an intriguing exploration target.
Statistically Aggregated Unrisked Prospective Resource Estimates for Caballa prospect area –NSAI April 2025
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“See company announcement dated 9th of April 2025. Cautionary Statement: Prospective Resources are the estimated quantities of petroleum that may potentially be recovered by the application of a future development project related to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation are required to determine the existence of a significant quantity of potentially recoverable hydrocarbons.

The Company confirms that it is not aware of any new information or data that materially affects the information included in this webpage and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.”