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, […]
Tag: North Yorkshire
Egdon signs farm-out option for Weaverthorpe
Egdon Resources plc has signed an option agreement for onshore production licence PL081 containing the Weaverthorpe gas prospect in North Yorkshire. WEAVERTHORPE The company’s agreed the option with York Energy (UK) Holdings Ltd for six months beginning 3 February 2023. Egdon said that the Weaverthorpe was a relatively shallow Bunter Sandstone (Triassic) prospect located immediately up-dip […]
Sirius sold for estimated £400m to Anglo American
Sirius Minerals and its polyhalite Woodsmith project in North Yorkshire and Teesside have been sold for an estimated £400m to South African mining giant Anglo American. SHAREHOLDERS Sirius needed £400m to fund the first phase development but received no government support and faced uncertainties over the UK leaving the European Union. Anglo American expressed an […]