Egdon has extensive operated and non-operated acreage interests in the Gainsborough Trough unconventional gas plays in the East Midlands.
We are the third largest net acreage holder in the Gainsborough Trough play with 82,000 net acres and an estimated 20 TCF of net undiscovered Gas Initially In Place “pre-drill” (“GIIP”) in the shale and further tight gas potential.
This is shown on the map and chart below
These Carboniferous Tight Gas and Shale Gas plays have yet to be drilled by modern wells employing the latest logging and coring techniques.
2018 saw the commencement of unconventional exploration in the play at Tinker Lane which was drilled on the extremities of the play and failed to find the targeted Bowland shale in Q4. However the Tinker Lane well did encounter shales with a high gas content within the Millstone Grit sequence which may be positive for this play elsewhere in the Gainsborough Trough.
Egdon has a carried 14.5% interest in the second and third wells to be drilled at Springs Road operated by IGas Energy plc in 2019 (follow Link to IGas Springs Road Project Site).
A hydrocarbon bearing shale sequence of over 250 metres was encountered within the upper and lower Bowland Shale (as announced on 11 March 2019). In addition, significant gas indications were observed within the Millstone Grit sequence, deeper parts of the lower Bowland Shale and the Arundian shale.
The cores and wireline logs will now undergo a suite of analysis, the first results of which should be available in the second quarter of 2019 and which will give us further insight into the resource potential and shale characterisation that will be utilised for future appraisal and development of the wider East Midlands area.
The Springs Road drilling performance has been very encouraging with improved rates of penetration leading to better than anticipated drilling performance and lower costs.
A Springs Road core bubbling gas was posted to our Twitter feed and is shown below
Click on images to enlarge
|Cross Section across basin|
|IGas Springs Road Wellsite Autumn 2018||
Note: This analysis is based upon the Bowland Shale play only. Encouraging results from the 2018 Tinker Lane well in the Millstone Grit sequence may render other more proximal licences prospective.
IGas Springs Road Wellsite March 2018