Emperor Energy to sell Cyrano

Emperor Energy Limited (ASX: EMP) has entered into a sale agreement for Cyrano for $325,000, subject to approval from the Department of Mines, Industry Regulation and Safety, Western Australia (DMIRS).

 

About Cyrano (R3)

·         Cyrano has Contingent Resource (2C) of 3.01 MMbbl of oil

·         Additional Prospective Resources (P50) estimated at 0.928 MMbbl

·         The Cyrano Oil Field was discovered in 2003

·         EMP is Operator and holds 100% of R3

·         The Cyrano Oil Field was discovered in 2003

·         The field is defined by 4 vintage wells and 3D seismic

·         The field in located in 17 m of water

·         Productive reservoirs commence at 600 m depth

·         Permit renewed for 5 years in early 2017

·         Cyrano has Contingent Resource (2C) of 3.01 MMbbl of oil

·         Additional Prospective Resources (P50) estimated at 0.928 MMbbl

·         The Cyrano Oil Field was discovered in 2003

·         EMP is Operator and holds 100% of R3

·         The Cyrano Oil Field was discovered in 2003

·         The field is defined by 4 vintage wells and 3D seismic

·         The field in located in 17 m of water

·         Productive reservoirs commence at 600 m depth

·         Permit renewed for 5 years in early 2017

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