Big Apple Gas Prospect
The Big Apple Prospect is a conventional gas exploration asset located in Block A87 in the Gulf of Mexico, where Prominence holds a 100% working interest. Seismic interpretation has identified a coherent structural trap with strong gas potential within a mature, well-understood petroleum system, providing a technically credible opportunity outside the company’s core natural hydrogen portfolio. The licence carries a five-year exploration term commencing July 2023 and no minimum work program commitments, allowing the project to be progressed or deferred based on technical merit and market conditions rather than contractual pressure.
Big Apple is managed under the same principles that guide Prominence’s broader portfolio: disciplined subsurface analysis, clear risk framing, and conservative capital deployment. Rather than pursuing speculative drilling, the company continues to refine its geological and geophysical understanding of the structure to ensure that any future investment is evidence-led and commercially rational. In this context, Big Apple provides optionality and portfolio balance with exposure to near-term conventional gas upside necessary for the energy transition.
