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Egdon Resources boosted by Wressle oil and gas discovery


Published Apr 22, 2015
Egdon Resources

Egdon Resources announces its unaudited interim results for the six months ended 31 January 2015.

Overview and Highlights

Operational and Corporate Highlights •Production of 27,232 barrels of oil equivalent ('boe') equating to 148 barrels of oil equivalent per day ('boepd') (H1 2014: 35,773 boe; 194 boepd) •Revised full year production guidance of 180 boepd •Successful drilling and testing of the Wressle-1 oil and gas discovery in Lincolnshire which produced hydrocarbons from four test intervals •Strong project pipeline developed including planning permission secured at North Kelsey and Biscathorpe •Ongoing development of licence portfolio with conventional and unconventional resource potential via the acquisition of Yorkshire Exploration Limited (PEDL068) and exercise of the option with Scottish Power to farm in to PL161 and PL162 •Disposal of interests in two non-core licences in Southern England, PEDL126 and P.1916 •Submission of applications in the 14th UK Onshore Licensing Round

Tags: Egdon Resources Plc




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