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 A prospect in P1929 from onshore to offshore or from an offshore location and further drilling at Kirkleatham and Westerdale. 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 later in Q3 2017

Offshore, our non-operated Ceres gas field continues to outperform expectations in late field life

Onshore

Licences Operator Egdon Interest Area km² Exploration Targets Work programme
PEDL068 Egdon Resources U.K. Limited 68.00% 83.20 Shale and Conventional Exploration Evaluating future development options at Kirkleatham
PEDL259 Third Energy Onshore Limited 33.33% 139.00 Shale and Tight Gas Exploration Commitment in first five years; drill 1 well or drop licence
PEDL343 Third Energy Onshore Limited 17.50% 110.00 Shale and Tight Gas Exploration Cloughton Tight Gas Discovery. Commitment in first five years; new 3D, drill 1 well or drop licence
PEDL258 Egdon Resources U.K. Limited 100.00%  0.13 Conventional – Purely to secure surface location for A Prospect Well deviated into offshore licence P1929 Commitment in first five years; drill 1 well or drop licence

Offshore

Licences Operator Egdon Interest Area km² Exploration Targets Work programme
P.1241 Centrica Energy 10.00% 43.00 Producing Gas field Operator planning for extended field life
P.1929 Egdon Resources U.K. Limited 100.00% 360.00 Conventional Exploration Landowner agreement in place for A Prospect appriasal well, planning application and farm-out to follow