BritNRG has undertaken a reinterpretation of the 3D seismic survey acquired over Newton following the drilling of Newton-1.

The Newton-1 well encountered both the oil and water legs within the Carboniferous Crawshaw and Longshaw horizons, producing approximately 50 Mstb of oil prior to watering out.

This reinterpretation indicates that Newton-1 was drilled near the oil-water contact, downdip of a significant four-way dip closure, with the majority of the mapped STOIIP located structurally updip of the existing well.

Total estimated STOIIP is approximately 2.7 MMstb, comprising 1.7 MMstb in the Crawshaw horizon and 1.0 MMstb in the Longshaw horizon. Based on a 25% recovery factor, and subject to adequate deliverability, approximately 0.7 MMstb may be recoverable.

The current redevelopment concept envisages two producer wells, supported by conversion of the existing well to water injection.

The Field Development Plan has been approved by the NSTA, and redevelopment is targeted to commence in Q2 2027.