• 25% working interest

The Tawke-Peshkabir prospect is located on the west side of the Tawke block PSC area. The structure is a high amplitude anticline, which forms a mountain range on the surface with shallow layers outcropping to the surface on the flanks of the structure.

Drilling of the Peshkabir 1 exploration well completed in 2012. Oil shows were encountered in the Cretaceous, Jurassic and Triassic intervals and six zones were tested. The Jurassic Sargelu formation tested 27-29 API oil and water at varying rates of oil and water cut.

Recently acquired 3D seismic has confirmed that the Peshkabir-1 well was drilled at structural closure. The Peshkabir-2 well has been located to appraise the Jurassic discovery up-dip from the original well location as well as test additional prospectivity in the Cretaceous. This well is planned for 2016.