Gripen Oil & Gas (publ.), listed on the Swedish stock exchange Aktietorget, is focusing on the exploration and production of oil and gas in Sweden with a strong portfolio of oil and gas concessions comprising about 2,272 km2 of exploration acreage on Gotland, Östergötland and Öland.
The company has gas resources of 51 billion cubic feet in its Östergötland permits, corresponding to 8.5 million barrels of oil equivalents, as stated by the independent consulting firm OPC Ltd. In 2014 extended well tests have shown continuous flow over 3 months of high quality gas with over 97% pure methane.
On Gotland over 20 drill ready oil prospects have been identified through the interpretation of over 2,000 km of reprocessed 2D seismic in 2014 targeting Ordovician carbonates and underlaying Cambrian sand stones.