Egdon Resources

Europe

Egdon Resources hit by Wressle setback

Egdon Resources was hit by a setback on Monday after North Lincolnshire County Council refused planning permission for development of the Wressle Oil Field.

Europe

Europa agrees deal over Holmwood prospect

Europa Oil and Gas and Union Jack Oil have joined other oil juniors on the PEDL143 licence in southern England, which hosts the Holmwood prospect, after signing a deal to acquire a stake in the project by partly funding future work programmes.

Oil & Gas

Egdon Resources offered new blocks in licensing round

Egdon Resources has been offered a total of seven blocks or part blocks in the first tranche of the 14th onshore oil and gas licensing round. More than two dozen new areas in northern England and the Midlands could face fracking after new licences were awarded for oil and gas exploration. Egdon said the blocks up for grabs were in the East Midlands petroleum province and could expand the company’s acreage and opportunity base within one of its core areas of activity.

Oil & Gas

Egdon Resources sees promising results from Wressle-1

Egdon Resources has revealed encouraging results from the pumped test carried out at the Wressle-1 oil and gas discovery in licence PEDL180 in England. The company said assessments carried out over the Penistone flags zone 3A showed a production rate of more than 180 barrels of oil equivalent per day. Previous initial testing at the Ashover Grit, the Wingfield Flags and the Pensitone Flags had been carried out but due to a problem with downhole testing equipment, test operations were switched to focus on the shallower Penistone region.

Oil & Gas

Egdon Resources in further Wressle-1 flow test results

Egdon Resources said it has recorded further encouraging flow test results from its Wressle-1 oil and gas discovery in England. The company said test operations have been carried out on the first set of perforations in the Penistone Flags reservoir, the last of three hydrocarbon zones identified in the well. The Penistone test produced gas at restricted flow rates of up to 1.7million cubic feet of gas per day (mmcfd) with associated oil of up to 12 barrels of oil per day (bopd).