Project Profile
Location: Lincolnshire, East Midlands Petroleum Province, onshore UK
Reserves: 1.05 mmbls (best estimate prospective resources)
Drilling Depth: 2,300 metres
Start-up year: Q4 2016
PEDL180 is an exploration license located in Lincolnshire in the East Midlands Petroleum Province, on trend with the Crosby Warren, Broughton-B1 and Brigg-1 oil wells, onshore UK. A potential identified up-dip of a 1984 well produced at 45 bopd, while best estimate prospective resources are calculated around 1.05 mmbls. A 3D seismic programme was completed in Q1 2012. Planning application is to be submitted in the Q1 of 2013 and drilling is planned on Wressle Prospect for H1 2013, conditional upon planning. Wressle is the main prospect being identified in the license. In 2011, Egdon Resources U.K. reached agreement with Europa Oil and Gas Limited (Europa) and Celtique Energie Petroleum Ltd. (Celtique) to equalise working interests across contiguous Petroleum Exploration and Production Licence (PEDL) 182 in the East Midlands.
Operators:
Egdon Resources U.K.: Operator with 25% interest
Europa Oil and Gas Limited (Europa): 30% interest
Celtique Energie Petroleum Ltd.: 33.33% interest
Union Jack: 11.67% interest