Ansila Energy NL (ASX:ANA) is in a trading halt ahead of an update regarding the application by Hartshead Resources Ltd for exploration blocks in the UK North Sea under the UK’s 32nd Offshore Licensing Round.
The trading halt will remain in place until the beginning of regular ASX trading on Monday, September 7, or when an announcement is released to the market.
Appraisal work at Siciny-2
In February, the company completed the Siciny-2 long-term transient pressure build-up test at its Gora and Nowa Sol oil & gas concessions onshore Poland with pressure gauges extracted from the well being analysed.
This concludes the operational aspects of the appraisal work program at Siciny-2, which has 2C contingent resources of 1.6 trillion cubic feet, or approximately 270 million barrels of oil equivalent, of unconventional gas.
Results of the build-up test will be integrated with remaining post-operational Siciny-2 well appraisal data to develop Ansila's understanding and characterisation of the Carboniferous reservoir and the strategy regarding next steps across the Gora licence.