Armstrong unit, Borealis to evaluate North Slope Castle West prospect

Along with Borealis Alaska Oil Inc, Armstrong Oil & Gas Inc. Denver, through its subsidiary North Slope Energy LLC, plans to evaluate the Castle West prospect on the North Slope of Alaska with a test well in the near future following the close of a deal that saw North Slope Energy acquire a 72% working interest in the prospect.

The West Castle is a 92,000-acre lease block in the prospective Nanushuk Play Fairway.

The Nanushuk play “is currently the world’s hottest, conventional, onshore oil play. Since our discovery of the multi-billion-barrel Pikka field in 2013, the Nanushuk play has had an extremely high exploration success rate with five large new discoveries, yet the play is still in its infancy and has barely been explored,” said Bill Armstrong, Armstrong Oil & Gas chief executive officer.

Armstrong, Oil Search, and Repsol’s Pikka Nanushuk oil field discovery is expected to produce first oil as early as 2022.

Source: Oil & Gas Journal