Egdon Resources plc said it expected its plans for the side-track drilling, testing and production at Biscathorpe PEDL253 to be heard by Lincolnshire County Council during November.
JOINT VENTURE
Subject to approval, the Biscathorpe side-track will target the Dinantian Carbonate.
A 68 metre oil column was discovered in Biscathorpe-2 with gross mean prospective resources (GMPR) of 2.55 million barrels of oil (mmbo), and the Basal Westphalian Sandstone where GMPR of 3.95 mmbo have been estimated by Egdon.
The joint venture project comprises operator Egdon (35.8%), Union Jack Oil plc (45%) and Montrose Industries Ltd (19.2%).