wholly owned by

wholly owned by Sumitomo Corporation.

ASSETS

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P2517 – ‘Thunderball’

Licence Number

P2517

License Blocks

14/26b

Operator

Tangram Energy Ltd

Partners and % interest
Summit Exploration and Production Limited 40%
Tangram Energy Ltd 60%

License round acquired

32

Asset Stage

Exploration

Asset Description and Overview

Thunderball is located in the Moray Firth Area in the Upper Jurassic Burns Sandstone. It was first discovered in 1997 with the 14/26b-05 well.

The partners are working on defining a work program to progress towards drilling and development.