Block 9/28a (Area B) - CrawfordStratic has a 19% interest in Licence P.209 covering Block 9/28a which contains the Crawford field and associated prospects. The Crawford field owners, lead by operator Fairfield Resources, drilled a successful appraisal well late in 2007 confirming the extension of the Triassic Cormorant formation into the previously undrilled northern area of the field, and also proving up a shallower Tertiary accumulation in the Sele Formation. Following the success of the 9/28a-18 well, the Crawford partners are working towards submitting a field development plan for the Triassic Cormorant formation, also capturing the Tertiary Sele reserves confirmed by the same well. The resource potential in the Tertiary formations of the Crawford licence has been de-risked by the 9/28a-18 well, and will be the focus of further technical review once the Triassic development has been confirmed. Operator Fairfield is preparing to submit a field development plan to the UK government in mid 2010. The development plan will target gross proved and probable reserves of 23.5 million barrels of oil equivalent (4.47 million net). Current estimates have Crawford coming on stream late in 2011.
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