We anticipate participating in the drilling of up to 12 wells in the UK in the next 18 months targeting net Egdon Best Estimate Prospective Resources of 33 mmboe, as our activity levels ramp-up on the back of the anticipated increased revenues.
Whilst we will continue to be active across our portfolio, the Group will have three main focuses of activity in the UK during the next 18 months;
- Devloping oil prospects and growing prodcution in the East Midlands; and
- Exploiting gas in North East England and Offshore
- New focus on growth in exploration and evaluation of non-conventional hydrocarbon plays
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PL090 Waddock Cross
(45% Egdon Operated Interest) |
- Located in Dorset in the Wessex Basin
- Waddock Cross - Bridport Sandstone (Jurassic) oil discovery with in excess of 20 mmbo in place, and Proven and Probable Reserves of 0.6 mmbo (Net Egdon)
- Extended well test indicates potential for commercial development
- Significant Sherwood Sandstone oil prospects at Winfrith (1.9 mmbo Net Egdon Best Estimate Prospective Resources) and elsewhere (see PEDL237)
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PEDL005 (Remainder) Keddington
(75% Egdon Operated Interest) |
- Located in Lincolnshire in the East Midlands Petroleum Province
- Contains the Keddington oil field which produces from carboniferous sandstone reservoir at a depth of 2,200 metres
- Plans for gas to electricity project
- 2P Field reserves currently estimated at 0.3 mmbo
- Louth Prospect – 3D defined prospect contiguous with Keddington – c. 1.25 mmbo Net Egdon Best Estimate Prospective Resources
- North Somercotes Prospect - 3D defined gas prospect to the north of the Saltfleetby gas field – c. 7.26 bcf Net Egdon Prospective Resources
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PEDL068 Kirkleatham and Westerdale
(40% Egdon Operated Interest) |
- Located in North Yorkshire and Cleveland in the Cleveland Basin
- Permian age carbonate gas plays
- Kirkleatham producing gas field – first production April 2011
- Current production problems - well shut in
- Westerdale/Ralph Cross gas discovery in Brotherton formation – Net Egdon Best Estimate Prospective Resources of 6.2 bcf. 2013 well planned conditional upon planning
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PEDL070 Avington
(26.67% Egdon Interest) |
- Located in the Weald Basin of Hampshire
- Avington - Great Oolite (Jurassic) oil field with two producing wells – Net Egdon production of c. 20 bopd
- Net Egdon Proven and Probable Reserves of 120,000 bbls
- Recently sold 10% interest in field for £400,000
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PEDL118 Dukes Wood
(65% Egdon Operated Interest) |
- Located in Nottinghamshire in the East Midlands Petroleum Province
- Single well producing field Dukes Wood-1 – 20 bopd – currently shut-in
- To be produced as part of Dukes Wood/Eakring/Kirklington production unit in May/June 2012
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PEDL125 Hedge End
(10% Egdon Interest) |
- Located in the Weald Basin of Hampshire
- Great Oolite Prospect tested by 1988 Hedge End-1 oil discovery - 330,000 bbls Net Egdon Best Estimate Prospective Resources – Operator trying to secure a suitable site and planning
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PEDL126 Markwells Wood
(10% Egdon Interest) |
- Located in West Sussex in the Weald Basin
- Oil discovered in the Great Oolite
- Pre-drill Net Egdon Best Estimate Prospective Resource of 320,000 bbls
- Extended well test ongoing
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PEDL130 Eakring West
(100% Egdon Operated Interest) |
- Located in Nottinghamshire in the East Midlands Petroleum Province
- Egdon holds 100% of the conventional exploration rights
- Exploration for oil on the flanks of the Eakring-Dukes Wood oil field
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PEDL139/PEDL140
(13.5% Egdon Interest; 10% Interest in coal bed methane) |
- Located in Nottinghamshire/Lincolnshire in the East Midlands Petroleum Province
- Significant Namurian “Bowland Shale” shale-gas potential identified – 2012 exploration well planned – costs carried
- Coal Bed Methane potential in permit
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PEDL141 Nooks Farm
(46% Egdon Interest)
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- Nooks farm-1A gas discovery made by Shell in Staffordshire in 1982
- Planning consent received for re-entry of original well – development plan = gas to electricity generation
- Operatorship transferred to Seven Star Natural Gas Limited (Alkane Energy plc)
- Net Egdon Best Estimate Contingent Resources of 1 bcf
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PEDL143 Holmwood
(38.4% Egdon Interest) |
- Located in Surrey in the Weald Basin
- Holmwood prospect - Jurassic carbonate and sandstone prospect (Net Egdon Best Estimate Prospective Resources of 16.6 bcf)
- Planning permission for exploration well refused – being appealed
- Assuming successful planning appeal could be 2013 well
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PEDL155/256 Havant
(10%/7.5% Egdon Interest)
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- Located in Hamphire in the Weald Basin
- Great Oolite Prospect – 160,000 bbls Net Egdon Best Estimate Prospective Resources - possible 2012 well
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PEDL180 Wressle
(33.33% Egdon Operated Interest)
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- Located in Lincolnshire in the East Midlands Petroleum Province
- Located between Crosby Warren, Broughton-B1 and Brigg-1 oil wells – Net Egdon Best Estimate Prospective Resources of 1.3 mmbo
- 3D seismic programme completed in February 2012 and drilling planned in 2012
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PEDL181 Humber Basin
(25% Egdon Interest) |
- Located in Lincolnshire and Humberside in the Humber Basin
- Underexplored basin with identified leads requiring additional technical evaluation
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PEDL182 Broughton
(33.33% Egdon Operated Interest) |
- Located in Lincolnshire in the East Midlands Petroleum Province
- Potential identified up-dip of 1984 well which produced at 40 bopd – Net Egdon Best Estimate Prospective Resources of 1 mmbo
- 3D seismic programme completed in February 2012 and possible drilling in 2012
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PEDL201 Widmerpool
(50% Egdon Operated Interest)
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- Located in Nottinghamshire and Leicestershire in the East Midlands Petroleum Province
- Burton on the Wolds Prospect – Potential 2012 well
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PEDL203 Kirklington
(65% Egdon Operated Interest)
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- Located in Nottinghamshire in the East Midlands Petroleum Province
- Single well producing field Kirklington-3z – 20 bopd – currently shut-in
- To be produced as part of Dukes Wood/Eakring/Kirklington production unit
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PEDL206 Kelham
(75% Egdon Operated Interest) |
- Located in Nottinghamshire in the East Midlands Petroleum Province
- Small low risk prospects identified on the flank of Abandoned Kelham Hills oil field
- Farmed-out
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PEDL237 Weymouth
(45% Egdon Operated Interest) |
- Located in Dorset in the Wessex Basin
- Significant Sherwood Sandstone Prospects identified – 31.5 mmbo combined Net Egdon Best Estimate Prospective Resources
- Langton Herring Bridport Sandstone Lead – 3 mmbo Net Egdon Best Estimate Prospective Resources
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PEDL240 Isle of Wight
(7.5% Egdon Interest) |
- Located on the Isle of Wight in the Wessex Basin
- A Jurassic and Triassic prospect has been identified – M prospect
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PEDL241 North Kelsey
(50% Egdon Operated Interest) |
- Located in Lincolnshire in the East Midlands Petroleum Province
- 3D defined oil prospect with Net Egdon Best Estimate Prospective Resource potential of 3.14 mmbo
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PEDL253 Biscathorpe
(60% Egdon Operated Interest) |
- Located in Lincolnshire in the East Midlands Petroleum Province
- Oil discovered by BP in 1987 in a thin sand on a large 3D defined regional structure
- Net Egdon Best Estimate Prospective Resources of 8.47 mmbo, High Estimate of 25 mmbo where stratigraphic trapping works
- Egdon may look to farm-out interest prior to drilling which is planned for 2012
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P.1241 Block 47/9C Ceres
(10% Egdon Interest) |
- Located offshore Yorkshire in the Southern Gas Basin
- Lower Permian Leman Sandstone reservoir gas field
- No significant production contribution acheived as yet
- Expected production of 1.2 mmscfg/d Net Egdon during 2011-12
- Net Egdon 2P reserves of 3.7 bcf and Best Estimate Prospective Resources of 1.7 bcf
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