Bluestack Energy was founded in 2011 and was awarded Licensing Option 11/3 in the 2011 Irish Atlantic Margin Round.
In 2013 the Licensing Option was converted to Frontier Exploration Licence 5/13 following a farm-in by Woodside Energy Ireland Pty. who became operator of the Licence. Bluestack retain 10% equity in FEL 5/13.
The Licence contains the Upper Jurassic Ventry and Ventry Deep Prospects with upside of 1.3 Bbbloe, together with the Middle Jurassic Valentia Prospect and the Lower Cretaceous Toormore Prospect.
The Licence is covered by good-quality 3D seismic which was reprocessed to PSDM in 2015.
The FEL 5/13 Joint Venture Group has entered the second phase of the Exploration Licence and commit to drill one exploration well. The Ventry prospect is being matured as a potential 2019/20 drill candidate.
Image of Jack Bates courtesy and copyright of Transocean.