Tuesday 22 May 2018

Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, announced that it has signed a Letter of Intent (“LOI”) with US listed drilling company, Transocean. The Transocean Leader, a semisubmersible, will be provisioned to drill a well to appraise the company’s Agar – Plantain opportunity.

Catalyst is currently in the advanced stages of planning and preparation for the well which, subject to the receipt of required regulatory approvals, is scheduled to spud in Q3 2018.