Egdon Resources plc has signed a fully termed agreement over the farm-in and equalisation of interests between the PL81 and PEDL347 Weaverthorpe onshore gas licences. PROGRAMME The deal with York Energy (UK) Holdings Ltd and Cuadrilla North Cleveland Ltd will see operator Egdon hold 52.5%, Cuadrilla 25% and York 22.5% in both licences. “I am pleased […]
Tag: Weaverthorpe gas prospect – PL081 and PEDL347
Egdon to operate ‘robust’ Weaverthorpe
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, […]
Cuadrilla and Third Energy agree Yorkshire gas project
Third Energy Ltd and Cuadrilla Resources Ltd hope to appraise a conventional gas prospect covering the companies’ onshore licences PL081 and PEDL347 in Ryedale, Yorkshire. CONVENTIONAL Under the agreement, yet to be approved, Third Energy will operate and entirely fund an appraisal well to assess the potential commerciality of a natural gas prospect in the […]