Toppand East Rig Assignment

November 9, 2023

A Rig Assignment Agreement has been signed by the PL 248 C partners for the COSL Promoter rig to drill Toppand East in H1 2024. Wellesley will operate the drilling of the prospect on behalf of the PL 248 C licence partners.

Chris Elliott, CEO of Wellesley, commented:

“We are pleased to secure a slot on the COSL Promoter rig to drill Toppand East in 2024. We thank the PL 248 C partners for their support to drill Toppand East, which is an attractive ILX target that has the potential to add significant volumes to Toppand and to the Ringvei Vest area development. We also thank Equinor for their help to secure a rig slot for this well which allows us accelerate exploration drilling activity in the area.”

2023 FACTBOOK

Our factbook contains the latest management view of the production forecasts from Wellesley’s portfolio.