XTO auctions UK interests

Offshore staff

LONDON -- XTO UK is seeking offers for its 15% interest in UK Southern North Sea blocks 47/5b, 48/1a, and 48/1c, according to broker Indigo Pool, a subsidiary of Schlumberger.

The blocks include Platypus, a gas accumulation discovered last year by Dana Petroleum.

Well 48/1a-5 well encountered 218 vertical ft (66 m) of Rotliegendes, Lower Leman gas-bearing sands. Dana suspended the well for a possible re-entry, and an appraisal well could be drilled this year.

Indigo Pool adds that there is upside potential in the blocks in the Possum prospect.

XTO is also offering its 33% interest in Witch Ground Graben block 15/30b, north of the Britannia gas-condensate field, and which is covered by a reprocessed 3D survey.

01/13/2011



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