Operations in Germany

Celtique Energie operations in Germany.
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Licence – Pillgram

The Pillgram Licence lies in southeastern Germany adjacent to the Polish Border in the western end of the South Permian basin, in which over 200tcf of gas has been discovered. The Licence was awarded to Celtique in July 2007 for an initial 5 year term and covers an area of 938 sq.kms.

Celtique operates the licence with a 100% interest.

The reservoir objective is Permian Zechstein carbonates deposited in both barrier and talus settings. The key to exploring for both objectives is the location of porosityin the barrier facies and talus deposits in a downslope setting, allowing the recognition of potential stratigraphic trapping opportunities. Thick overlying salts and anhydrites seal the interval. The organically rich oil prone Zechstein shales provide the source for the system. The area has been underexplored for a long period and the consequences of the large oil and gas discoveries in Poland have not been investigated fully. An oil discovery was made in the Main Dolomite in the Pilgram 2 well and 170 bbls of oil was recovered.

A secondary objective is the Permian Rotliegendes sands. The interval is sealed by thick overlying evaporites and is sourced by the underlying Carboniferous shales and coals. The trapping mechanism is block-faulted highs.

Subject to permitting approvals, Celtique plans to shoot new seismic.

Licence Summary

Region

Licence

Licence Holder

Operator

Award Date

Size (sq.kms)

Zechstein Basin

Pillgram

Celtique Energie GmbH 100%

CE GmbH

Jul 07

938

CE GmbH = Celtique Energie GmbH

Celtique Energie
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Celtique Energie Ltd
Celtique Energie Petroleum Ltd
76-78 Charlotte Street
London W1T 4QS
United Kingdom
Tel: +44 20 7255 6100
Fax: +44 20 7255 6110
[email protected]