Project Profile
Value: Undisclosed
Location: State of Schleswig-Holstein, within the northwest German Basin
Area: 156,000 acres
Start-up Year: -
PRD Energy has been awarded the Ostrohe exploration license, which covers approximately 156,000 acres, as well as the Prasdorf production license, covering approximately 2,000 acres. Both licenses are located in the state of Schleswig-Holstein, within the Northwest German Basin.
The Ostrohe license is awarded for an initial period of five years and includes all rights from surface to basement. Pursuant to the terms of the license, PRD is committed to bringing one well onto production within the initial five year term.
Operators:
PRD Energy: Operator with 100% interest