Woburn Energy Plc

Woburn Energy (formerly Black Rock Oil & Gas) is an oil and gas explorer which focuses its efforts on exploring in areas where commercial discoveries can be rapidly developed. Woburn Energy Plc is currently active in Colombia, and the UK North Sea. Woburn Energy had exploration acreage in Australia and Ireland but has exited those areas in order to focus on its core Colombia and UK assets. In 2008 Woburn Energy Plc tested for heavy oil at its Acacia Este exploration prospect in Colombia. Following re-completion, the well produced 40 barrels of oil a day in a long-term production test. In the UK Woburn Energy has a 15% stake in a block in the undeveloped but hydrocarbon-rich Monterey gas field in the Southern North Sea. Woburn Energy Plc’s strategy is to acquire low risk opportunities with a high chance of early success leading to production. This entails a current focus on projects in politically stable, financially attractive countries in Europe and South America. The management aim is to acquire, explore and appraise high potential in these core regions, to strive for near-term production and build Woburn Energy Plc on a solid financial basis.