Wessex / Weald Province lease, Southern England, UK

Spread over 154 square miles in the south of England, Alamo has acquired a 45% working interest in four blocks (TQ 26, TQ 36, TQ 46 and TQ 56) located to the South of London and five miles north of the producing Palmers Wood oilfield, discovered by Conoco in 1983 and now owned by Star Energy, a subsidiary of Petronas International Corporation Limited. The four Alamo blocks contain similar producing formations to those found in the proven UK North Sea which is home to fields such as the 4 billion bbl Forties oilfield discovered by BP and now operated by Apache corporation.

The Southern United Kingdom is home to BP’s Wytch Farm oilfield the largest onshore oil and gas field in Europe. The field was initially discovered in 1959 with peak production in 1997 exceeding 100,000 bbl/d. In 2002 the field was producing 50,000 barrels a day of oil / 8 mmscfd of gas / 300 tonnes of LPG. Alamo’s four blocks have prospective resources of up to 300MMBO and 30BCF of natural gas in place, making them some of the most prospective areas for oil and gas within the UK.

Blue Chip oil and gas players such as BP, Marathon Oil, Nexen Energy and Centrica are among Alamo’s peer group with leases in the area, demonstrating the interest in this prolific area of energy reserves.

Alamo has been granted Operator status for the four blocks. The terms of the license requires the company to shoot 2D seismic survey in the near future. In order to complete this surveying, Alamo has partnered with Aimwell Energy Ltd to conduct the technical appraisal of the blocks’ resource potential. As operator of the lease, Alamo is responsible for all exploration activities within the license areas, while outsourcing all drilling and sub-surface management to carefully selected partners.