Egdon to Drill Kelsey-1
Egdon Resources plc has received consent of the Planning and Regulation Committee during the Meeting of Lincolnshire County Council yesterday. The planning consent was granted for the drilling and any subsequent testing of the North Kelsey-1 exploration well in Lincolnshire licence PEDL241. The North Kelsey Prospect is located approximately 10 kilometres to the south of the Wressle-1 discovery well in PEDL180. The prospect is defined on 3D seismic data and has potential for up to four stacked conventional reservoir intervals in the Chatsworth, Beacon Hill, Ravensthorpe and Santon sandstones. The gross mean combined Prospective Resources for these multiple objectives, as calculated by Egdon are estimated to be 6.7 million barrels of oil.
Update on Timing of Wressle-1 Well Testing
Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe informed about Egdon Resources' timing of operations to test potential hydrocarbon bearing zones in three separate reservoir intervals identified at the Wressle-1 exploration well. Wressle is located on the PEDL 180 licence in East Lincolnshire in which Europa has a 33.3% working interest, alongside its partners Egdon Resources (operator, 25%), Celtique Energie Petroleum Ltd (33.3%), Union Jack Oil (8.3%). Egdon advises that the Environment Agency (‘EA’) permit variation for testing operations was issued on 1 December 2014.
