Pitch your Prospect: 'A' Prospect (Blocks 41/18 and 41/19), Egdon Resources
Egdon Resources is offering interested parties the opportunity to earn material equity in its 100% owned UK Seaward Licence P1969, UKCS Blocks 41/18 and 41/19, by participating in the appraisal of a gas discovery which tested at rates of up to 2.5mmcfd from Permian Hauptdolomit carbonates in the A339_1-2 well (41/18-1, Total 1966). A low-angle to horizontal appraisal well is planned on the ‘A’ Prospect as early as Q4 2016 from an onshore location with a total offset of ca. 4km. – suitable well-site identified, lease with landowner secured, preparation of Planning Application underway with submission expected in Q4 2015. Subsequent development and production will also be from onshore with various already identified export options dependent on flow rates and gas quality.
Mean Prospective Resources of ca. 160bcfg (P10 ca. 290bcfg) combined with lower onshore drilling and development costs make this an opportunity which is uniquely attractive both technically and commercially.
Meet Egdon Resource on Booth 46 at PROSPEX, Business Design Centre, 9-10 December 2015
Click here to register your place