• Select licence on map for further information 
    Private: North East England
    PEDL068PEDL259PEDL258PEDL343P1929P1241P2304

    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

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 Third Energy Onshore Limited 50.00% 139.09 Shale and Tight Gas Exploration Commitment in first five years; drill 1 well or drop licence
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

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

Offshore

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

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

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