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PEDL068
Licences Operator Egdon Interest Area km² Exploration Targets Work programme PEDL068 Egdon Resources U.K. Limited 48.00% 83.20 Shale and Conventional Exploration Evaluating future development options at Kirkleatham PEDL068
Licences Operator Egdon Interest Area km² Exploration Targets Work programme PEDL068 Egdon Resources U.K. Limited 48.00% 83.20 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 33.33% 139.00 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% 0.13 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 PEDL343
Licences Operator Egdon Interest Area km² Exploration Targets Work programme 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 P1929
Licences Operator Egdon Interest Area km² Exploration Targets Work programme P.1929 Egdon Resources U.K. Limited 100.00% 183.7 Conventional Exploration Landowner agreement in place for Resolution Prospect appriasal well, planning application and farm-out to follow P1241
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 P2304
P.2304 Egdon Resources U.K. Limited 100.00% 166.00 Conventional Exploration The licence contains a mapped extension of the Resolution gas accumulation and an additional proven gas discovery. We will now work to integrate our evaluation of the new licence into our detailed understanding of P1929 with a view to progressing appraisal of the proven gas resources in the combined area.
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 in Q4 2017/Q1 2018 with read through to Cloughton
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 KM-8 fracking results will be of interest Q4 2017/Q1 2018 |
| PEDL258 | Egdon Resources U.K. Limited | 100.00% | 0.13 | Conventional – Purely to secure surface location for Resolution 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 lifeBackout repayment underwayflow meter installation planned for 2018 to allow primary production to restart |
| P.1929 | Egdon Resources U.K. Limited | 100.00% | 183.7 | Conventional Exploration | Upgraded mean prospective gas resource estimated at 337bcfOffshore well cost comparable with onshore to offshore well and has lower delivery risk (technical and planning)Minimum offshore facility development being considered – gas processing in both cases onshore3D seismic acquisition planned to optimise appraisal drilling programmeSeeking farm-in/technology partner prior to seismic and drilling |
| P.2304 | Egdon Resources U.K. Limited | 100.00% | 166.00 | Conventional Exploration | The licence contains a mapped extension of the Resolution gas accumulation and an additional proven gas discovery. We will now work to integrate our evaluation of the new licence into our detailed understanding of P1929 with a view to progressing appraisal of the proven gas resources in the combined area. |