Article: Black rock strikes monterey appraisal deal

Uk-listed Black Rock Oil and Gas, which has interests in Colombia and offshore UK, said yesterday it had come to an agreement with Gemini Oil and Gas Fund II over the costs of drilling and testing the Monterey appraisal well in the southern North Sea gas basin.

The Monterey prospect, operated by Wintershall, is estimated to contain 165billion cubic feet of reserves. The appraisal well is expected to spud early next month.

Gemini is an international oil and gas investment fund that provides funding to smaller oil and gas ...

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