• Select licence on map for further information 
  

  PEDL068

  Licences	Operator	Egdon Interest	Area km²	Exploration Targets	Work programme
  PEDL068	Egdon Resources U.K. Limited	68.00%	35.60	Shale and Conventional Exploration	Evaluating future development options at Kirkleatham

  PEDL259

  Licences	Operator	Egdon Interest	Area km²	Exploration Targets	Work programme
  PEDL259	Third Energy Onshore Limited	50.00%	139.09	Shale and Tight Gas Exploration	Commitment in first five years; drill 1 well or drop licence

  PEDL258

  Licences	Operator	Egdon Interest	Area km²	Exploration Targets	Work programme
  PEDL258	Egdon Resources U.K. Limited	100.00%	0.47	Conventional – Purely to secure surface location for Resolution	Commitment in first five years; drill 1 well or drop licence

  PEDL343

  Licences	Operator	Egdon Interest	Area km²	Exploration Targets	Work programme
  PEDL343	Third Energy Onshore Limited	17.50%	110.29	Shale and Tight Gas Exploration	Cloughton Tight Gas Discovery. Commitment in first five years; new 3D, drill 1 well or drop licence KM-8 fracking results will be of interest in future.

  P1929

  Licences	Operator	Egdon Interest	Area km²	Exploration Targets	Work programme
  P1929 Resolution	Egdon Resources U.K. Limited	100.00% pre farm out	201.51	Conventional Exploration	Shell will acquire a 70% working interest in Licences P1929 and P2304, and be appointed as the licence operator ERUK will retain a 30% non-operated interest in the Licences

  P1241

  Licences	Operator	Egdon Interest	Area km²	Exploration Targets	Work programme
  P1241	Spirit Energy North Sea Limited	10.00%	42.79	Producing Gas field	Operator planning for extended field life. Backout repayment underway. Flow meter installed & Primary Production underway since 2018

  P2304

  P2304 Endeavour

  Egdon Resources U.K. Limited

  100.00% pre farm out

  164.70

  Conventional Exploration

  Shell will acquire a 70% working interest in Licences P1929 and P2304, and be appointed as the licence operator ERUK will retain a 30% non-operated interest in the Licences

Egdon Resources has been active in exploration and production in the Cleveland Basin in the North East since 2000 and has drilled several exploration wells and developed the Kirkleatham gas field on PEDL068.  Planned activity on our current licences includes drilling an exploration well on the Resolution prospect in P1929 from onshore to offshore or from an offshore location and further drilling at Kirkleatham. Under the Third Energy operated 14th Round awards activity will include potential appraisal of the Cloughton Tight Gas field and exploration of the new Tees licence surrounding Kirkleatham.

The planned fracking by Third Energy of its KM-8 tight gas discovery may open up an exciting new play in the region when it is finally approved with read through to Cloughton.

Offshore, our non-operated Ceres gas field continues to outperform expectations in late field life with Primary production having resumed in October 2018.  Following an extensive farm-out process,  on 21 January 2020 we announced the signature of a Farm-In Agreement with Shell U.K. Limited in relation to UK offshore licences P1929 and P2304which contain the Resolution and Endeavour gas discoveries respectively.

Egdon subsidiary, Egdon Resources U.K. Limited currently holds a 100% interest in both licences.

Under the terms of the farm-in agreement;

• Shell will acquire a 70% working interest in Licences P1929 and P2304, and be appointed as the licence operator
• ERUK will retain a 30% non-operated interest in the Licences
• As consideration, Shell will pay 85% of the costs of the acquisition and processing of a 3D seismic survey covering both the Resolution and Endeavour gas discoveries with the carry on the acquisition costs capped at US$5 million gross, beyond which it would pay 70% of the costs ; and
• Shell will also pay 100% of all studies and manpower costs up to a well investment decision on the Licences

The farm-in is conditional upon;

• Approval from the Oil & Gas Authority (“OGA”); and
• Agreement of a mutually acceptable forward work programme and timeline with the OGA

Onshore

Offshore