Aussie firm to get largest French land permit

Elixir Petroleum Ltd., Sydney, will acquire East Paris Petroleum Development Ltd., which holds France’s largest onshore exploration block.

By OGJ editors
HOUSTON, Feb. 8 – Elixir Petroleum Ltd., Sydney, will acquire East Paris Petroleum Development Ltd., which holds France’s largest onshore exploration block.

Northeastern France’s 1.32 million acre Moselle permit, awarded in January 2009 with no drilling requirement, is prospective for numerous play types including tight sand and shale gas, coalbed methane, and conventional gas.

Moselle has 21 exploration wells, of which 12 had oil and-or gas shows, and more than 3,000 line-km of 2D seismic. Gas pipelines cross the permit area.

“It is Elixir’s intention to apply its experience in the identification, evaluation and presentation of new exploration opportunities for farmout, particularly for exploration and appraisal drilling, to the exciting potential of the Moselle Block,” Elixir said.

Adjoining Moselle to the northeast is the Lorraine permit owned by European Gas Ltd., which published a contingent gas resource estimate of 3.69 tcf and is testing the Folschviller-2 well (OGJ Online, Jan. 29, 2007). West of Moselle is 100-plus bcf Trois-Fontaines Triassic gas field, in production since 1982 and operated by Gaz de France.

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