Egdon Resources plc will become operator of the onshore Weaverthorpe gas prospect after exercising a farm-in option and signing a further agreement for the North Yorkshire project. LICENCES The company has farmed-in on licence PL081 with York Energy (UK) Holdings Ltd and both companies have agreed for 100% of neighbouring PEDL347, also holding the prospect, […]
Tag: Egdon Resources plc
Higher recoverable oil volumes expected at Wressle
Egdon Resources plc anticipates higher recoverable volumes of oil than 2016 estimates following the late stage start of water production at the Wressle joint venture in North Lincolnshire. CPR The operator said that the start of “limited volumes” of water from the Ashover Grit, accounting for an average 3.72% of total fluid produced during July […]
Egdon transfers Cloughton operatorship to Europa
Egdon Resources plc has transferred operatorship of licence PEDL343 containing the Cloughton gas discovery in North Yorkshire to Europa Oil & Gas (Holdings) plc. PARTNERS Egdon managing director Mark Abbott said the company would focus on near-term priority projects while enabling Europa to progress Cloughton to potential appraisal drilling. The companies received approval from the North […]
UKOG notes oil production to restart at Avington
UK Oil & Gas plc (UKOG) said that oil production would restart at the joint venture Avington field on PEDL070 in Hampshire, five years after being shut in. PARTNERS Avington, which lies close to the Stockbridge oil field, received fresh planning approval in December 2021. Operated by Star Energy, formally known as IGas, the field […]
Egdon withdraws appeals against N. Kelsey refusal
Egdon Resources plc has withdrawn its appeals against council refusal for exploratory drilling at North Kelsey because of an invalid lateral borehole but plans to submit a new application. LATERAL BOREHOLE The company added that the lateral borehole was a fundamental aspect of the exploratory well on PEDL241 to ensure all targets were fully explored. […]
Egdon sells for £26.6m to shareholder Petrichor
Egdon Resources plc has agreed to be sold for £26.64 million cash to its majority shareholder Petrichor Partners LP which plans to delist the company. TERMS Petrichor is a wholly owned subsidiary of Heyco Energy Group Inc. The parent company of Heyco Energy Group Inc and Petrichor is Explorers Petroleum Corp, controlled by George Yates […]