Egdon Resources plc said that the High Court has issued the court order sanctioning the £26.6 million acquisition of the company by its majority shareholder Petrichor Partners LP. The record time for the scheme will be 6pm on 13 September 2023. Subject to the court order being delivered to the Registrar of Companies, the transaction […]
Tag: Egdon Resources plc
Cloughton preliminary gas-in-place within range
The Cloughton discovery contains preliminary mean gas in place of 192 bcf, within the expected range, said operator Europa Oil & Gas (Holdings) plc. DEVELOPMENT Europa said the discovery well “flowed good quality sweet gas at rates of up to 40,000 scf/day on natural flow” and a well could flow at “6 mmscf/day”. The company […]
Fully termed deal signed for Weaverthorpe onshore gas licences
Egdon Resources plc has signed a fully termed agreement over the farm-in and equalisation of interests between the PL81 and PEDL347 Weaverthorpe onshore gas licences. PROGRAMME The deal with York Energy (UK) Holdings Ltd and Cuadrilla North Cleveland Ltd will see operator Egdon hold 52.5%, Cuadrilla 25% and York 22.5% in both licences. “I am pleased […]
Artificial lift aims to improve Wressle-1 production
Egdon Resources plc has started to install artificial lift on the Wressle-1 oil well to optimise production at the joint venture project in North Lincolnshire. METHOD The partners on PEDL180 and 182 comprise operator Egdon (30%), Europa Oil & Gas (Holdings) plc (30%) and Union Jack Oil plc (40%). Work began with a slickline programme and […]
Egdon sale progresses after satisfying NSTA condition
Egdon Resources plc’s sale to Petrichor Partners LP has progressed following satisfaction of the oil and gas regulator’s condition. TIMETABLE The purchaser has confirmed receipt of the North Sea Transition Authority’s ‘comfort letter’ in relation to the acquisition, said Egdon today. Following the satisfaction or waiver of other conditions, the sanction hearing is expected to […]
Egdon to operate ‘robust’ Weaverthorpe
Egdon Resources plc will become operator of the onshore Weaverthorpe gas prospect after exercising a farm-in option and signing a further agreement for the North Yorkshire project. LICENCES The company has farmed-in on licence PL081 with York Energy (UK) Holdings Ltd and both companies have agreed for 100% of neighbouring PEDL347, also holding the prospect, […]