Asset Portfolio
6 assets across 8 licences · 3 tokenised
Portfolio Risk-Return Quadrant
Bubble size = relative portfolio weight · X = development risk · Y = return potential
Source: Albion Labs analysis
Pilot
R3P2244 · Heavy Oil
Polymer flood EOR on 254 MMbbl STOIIP. Carried by Ping through first oil. Captain field analogue.
WI
18.75%
Operator
Ping Petroleum
STOIIP P50
91 MMbbl
2P Reserves
78.8 MMbbl
Token FV
$24.67
First Production
2030
Peak Production
22,208 bopd
Earlham
R4P2680 · High-CO₂ Gas
Gas-to-wire + CCS cluster. 300MW MOGU platform with CapsolGT. 343 bcf cluster resource, 20-30yr life.
WI
50%
Operator
Orcadian (MLCP partner)
Cluster Resource
343 bcf
Token FV
$14.82
First Production
2031
Fynn Beauly
R5P2634 · Ultra-Heavy Oil
Exploration option on 960 MMbbl STOIIP. EM heating + polymer, never attempted offshore. 8% dev probability.
WI
50%
Operator
Serica Energy Norte
STOIIP P50
960 MMbbl
Token FV
$3.87
First Production
2034+
Peak Production
40,000 bopd
Elke
P2482 · Heavy Oil
130 MMbbl STOIIP, 79% chance of development. 100% WI but no partner and no funding.
WI
100%
Operator
Orcadian (sole)
STOIIP P50
130 MMbbl
First Production
TBD
Q29 (Lowlander)
P2634 · Light Oil + H₂S
93.8 MMbbl STOIIP, 39.5° API light oil. 24,000 ppm H₂S makes processing lethal and extremely expensive.
WI
50%
Operator
Serica Energy Norte
STOIIP P50
94 MMbbl
First Production
TBD
HALO Portfolio
P1727/P2128/P2135/P2457 · Gas
Shell company acquired Dec 2024. £276k book value, £45.9m accumulated losses. Unclear asset value.
WI
100%
Operator
Orcadian (via HALO)
First Production
TBD