Arenite holds blocks 41/24 (Offshore) and blocks SE99a & TA09 (Onshore) in the Cleveland Basin
These blocks contain the Cloughton & Maxwell gasfields - two high value assets the company is looking to appraise and develop
Cleveland Basin Acreage
Onshore & Offshore Licence Applications Pending
Arenite identified two proven gasfields from previous exploration drilling results. Offshore the Maxwell gasfield stretches over three blocks and has stacked gas pay in Bunter, Plattendolomit, Hauptdolomit & Carboniferous strata
Onshore the Cloughton-1 gas discovery is flowed gas on test and has over 500 Bcf gas-in place.
For further information:
Block 41/24 Cleveland Basin
28th Round Award
Offshore Northumberland Coalfield
Blocks 34/28 & 34/29
In 2015 Arenite reassessed the potential in this area in the light of the depressed commodity pricing and has discussed options with the Oil & Gas Authority (OGA). Five-Quarter Energy Limited was awarded a 3-year extension to an Underground Coal Gasification (UCG) licence in early 2014 by the Coal Authority. Further conventional hydrocarbon exploration may occur from 2017. Arenite Petroleum Limited holds an extensive database for this offshore acreage.