Egdon Resources plc today said that Shell UK Ltd intended to withdraw from licences P1929 and P2304 containing the Resolution and Endeavour gas discoveries. OPTIONS The two companies signed the farm-in agreement in August 2020. Egdon added it would now consider its options, including its ongoing commitment to the licences. The company will hold discussions with […]
Tag: Resolution and Endeavour gas discoveries
Egdon losses narrow as output remains within guidance
Egdon Resources plc announced a decrease in losses while production remained within guidance during the six months ended 31 January 2021 from its UK oil and gas interests. The operator’s unaudited results showed production was 92 barrels of oil equivalent per day (H1 2020: 178 boepd) in line with guidance of 90-100 boepd. FINANCE Oil […]