Completion of Farm-out Agreement with Total E&P UK Limited – PEDL139 & PEDL140
Egdon Resources plc (AIM:EDR) is pleased to announce the completion of the Farm-out Agreement with Total E&P UK Limited in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140. (Read more…)
Opt-in Agreement with Total E&P UK Limited – PEDL209
Egdon Resources plc (AIM:EDR) and its partners (Blackland Park Exploration Limited (“Blackland”) and Stelinmatvic Industries Limited (“Stelinmatvic”)) are pleased to announce signature of an Opt-in Agreement (“The Agreement”) with Total E&P UK Limited (“Total”), a wholly owned subsidiary of Total SA, in respect of UK Onshore Petroleum Exploration and Development Licence PEDL209 (“The Licence”) located in Lincolnshire. The Licence covers an area of 64 square kilometres and is located adjacent to licences PEDL139/140 (the subject of the recently announced farm-in by Total) and PL161/162 where Egdon has further interests. The Licence is located in the eastern part of the Gainsborough Trough geological basin. (Read more…)
Licence Extension PEDL181
Egdon Resources plc (AIM:EDR) notes the announcement made today by Europa Oil and Gas (“Europa”) as operator of Petroleum Exploration and Development Licence PEDL181 advising that the Department of Energy and Climate Change has granted an extension of the Initial Term of the licence of 12 months to 30 June 2015. Europa also provided a technical update on the licence and advised of the intention to progress plans for the drilling of an exploration well on the Kiln Lane Prospect. Egdon holds a 25% interest in the PEDL181 Licence.
Farm-out Agreement with Total E&P UK Limited – PEDL139 & PEDL140
Egdon Resources plc (AIM:EDR) and its partners (GP Energy Limited, Island Gas Limited (“IGas”) and eCORP Oil & Gas UK Limited (“eCORP”)) are pleased to announce the signature of a Farm-out Agreement (“The Agreement”) with Total E&P UK Limited (“Total”), a wholly owned subsidiary of Total SA, in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140 (“The Licences”) located in the Gainsborough Trough geological basin in Lincolnshire, whereby Egdon will hold a 14.5% interest in The Licences. The Licences cover an area of 240 square kilometres and are immediately adjacent to licences PEDL209 and PL161/162 where Egdon has further interests. (Read more…)
Exploration Option and Farm-in Agreement, PL161 and PL162
Egdon Resources plc (AIM:EDR) is pleased to announce that it has signed an Exploration Option and Farm-in Agreement (“The Agreement”) with Scottish Power Generation Limited (“SPG”) in respect of UK Onshore Production Licences PL161 (Block SE/60b) and PL162 (Blocks SE/70a and SE/80b) located in Lincolnshire. (Read more…)