In February 2011, Enegi was informed by the Department of Communications, Energy and Natural Resources in Ireland that it had been awarded an onshore petroleum licensing option, ON11/1. ON11/1 covers an area of approximately 495 km2 within the Clare Basin in County Clare, Ireland. The Clare Basin is within the same fault system trend as the Company’s prospect/leads and discovery in Newfoundland.
The award of ON11/1 grants Enegi exclusive rights to undertake a defined programme of work, on areas of interest within the Clare Basin, within the two year option period, which expires on 28th February 2013. There are various elements in the work programme, including the delineation of prospective areas, the quantification of their gas potential, the identification of potential drilling targets and the identification of optimal well design. Depending on the results of the programme of work, an application may be made for an Exploration License over all or part of the areas covered by ON11/1 for the right to conduct drilling activities.
ON11/1 contains the Clare Shale, an organically rich source rock that may contain shale gas.
Areas of operation
Clare Basin
Click image to enlarge