France's Total Extends British Shale Gas Involvement
French oil major Total has extended an option with British shale gas developer Egdon Resources to buy a stake in one of Egdon's shale gas licences, the companies said on Tuesday. Egdon said in a statement Total had agreed on an option to farm in to its PEDL209 exploration licence in Lincolnshire by Dec. 31, 2018, which would earn it a 36 percent interest. Total's previous option on the licence had lapsed.
Europa – Farm-Out of Holmwood, Weald Basin
The wholly owned subsidiary of Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and production company announced that its has signed a Farm-Out Agreement (`FOA') in relation to a 12.5% interest in the PEDL143 licence in the Weald Basin with a wholly owned subsidiary of Angus Energy PLC (‘Angus’). Europa will retain a 20% interest in PEDL143 where a well targeting the 5.6 mmbo conventional Holmwood prospect (‘Holmwood’) is anticipated to be drilled in 2017.
Europa Completes Sale of Wressle Discovery Interest
Europa Oil & Gas (Holdings) plc, the AIM traded oil and gas exploration, development and production company focused on Europe, informed that its proposed sale of a 3.34% working interest in PEDLs 180 and 182 (‘the Licences’) in North Lincolnshire to Union Jack Oil plc (‘UJO’) for a cash consideration of £600,000 (‘the Transaction’) has been approved by the Oil and Gas Authority (‘OGA’). The Licences cover the Wressle discovery (‘PEDL180’) and the Broughton North prospect (‘PEDL182’).
Egdon Raises North Yorkshire Stake
Egdon Resources plc (AIM:EDR) has reached agreement to acquire an additional 20% interest in Petroleum Exploration and Production Licence PEDL068 from DESS Energy Limited (“DESS”) bringing our total interest to 68%. Egdon is operator of PEDL068 which is located in the Cleveland Basin of North Yorkshire. This transaction follows DESS’ acquisition of Sterling Resources (UK) Limited’s 47% interest in the licence.
Brexit Could Provide Boost for Britain's Shale Gas
Britain's shale gas industry could get a helping hand from a falling pound and a supportive new prime minister just as it is gearing up for its first production this year, after facing economic and political challenges that slowed its start. The British pound's weakness since the Brexit vote has made it more expensive to import gas, helping the case for shale gas which had been hurt in the past by weak oil prices and by opposition to planning approval from local campaigners.
Europa Oil & Gas License Extension in the Weald Basin
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, has received notification from the Oil & Gas Authority that the PEDL 143 Licence in the Weald Basin, Surrey, UK, has been extended by two years until 1 October 2018. This will enable Europa to drill the conventional Holmwood prospect (‘Holmwood’), which has estimated gross…
Europa Oil & Gas (Holdings) Update
Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with producing and exploration assets in Europe, provided today an update from Egdon Resources (‘Egdon’) regarding the decision to proceed with the development of the Wressle oil and gas discovery (‘Wressle’) on Licence PEDL180, with first oil anticipated in H2 2016, subject to receipt of all required consents. Europa has a 33.3% working interest in PEDL180…
Europa Wins Appeal over Surrey Hills Drill Site
Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe informed that the Planning Inspectorate has allowed Europa’s appeal against Surrey County Council’s decision not to grant permission to drill one exploratory borehole and undertake a short term test for hydrocarbons at the Holmwood prospect (‘Holmwood’) in the PEDL143 licence in the Weald Basin, Surrey.
UK Delivers Blow to Local Shale Project
British local government officials rejected a shale gas project in northwest England on Monday, dealing a blow to Britain's shale gas sector that is supported by Prime Minister David Cameron's government. Officials at Lancashire County Council spurned a shale gas planning application lodged by Cuadrilla Resources, saying the project would have an "unacceptable" visual and noise impact. The unexpected…
Update on PEDL143 Licence, Weald Basin
Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, notes today’s announcement from UK Oil & Gas Investments PLC (‘UKOG’) that it has executed a Farm-in agreement with Egdon Resources (‘Egdon’) to acquire a 20% interest in the Europa operated PEDL143 licence in the Weald Basin, Surrey. Europa holds a 40% interest in PEDL 143…
British Officials Reject Key Shale Gas Fracking Application
British officials on Thursday rejected a Cuadrilla Resources application for shale gas fracking in northwest England, a landmark decision that is likely to deter potential investors in Britain's nascent shale gas industry. The company's project at Roseacre Wood near Blackpool could have become one of Britain's first shale gas production sites, but the permit refusal demonstrates the continuing difficulties shale exploration companies face in overcoming local opposition.
Fourth Productive Interval Identified at Wressle-1 Well, Onshore UK
Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, has informed today’s about the announcement by Egdon Resources (‘Egdon’) confirming the presence of an oil column in the Penistone Flags interval, which has produced at a rate equivalent to 77 barrels of oil per day (‘bopd’) during testing at the Wressle-1 oil discovery (‘Wressle’) on Licence PEDL 180 in East Lincolnshire (‘PEDL 180’).
Wressle 3rd Interval Test Results
Europa Oil & Gas (Holdings) plc, confirmed today from Egdon Resources that gas production rates of up to 1.7 million cubic feet per day (‘mmcfd’) and up to 12 barrels of oil per day (‘bopd’), following the completion of the first of two tests in the Penistone Flags reservoir at the Wressle-1 oil discovery (‘Wressle’) on Licence PEDL 180 in East Lincolnshire (‘PEDL 180’). The Penistone Flags is the third of three hydrocarbon bearing zones tested…
Europa Spuds Kiln Lane-1 Well
Europa Oil & Gas (Holdings) plc, informed that its Kiln Lane -1 conventional exploration well (‘Kiln Lane’) on Licence PEDL 181 in Northeast Lincolnshire was spudded at 0706 hours on 23 February 2015. The Company estimates Kiln Lane has mean gross un-risked recoverable resources of 2.9 million barrels of oil. Europa is operator of and has a 50% working interest in PEDL 181, which covers an area of over 540 km2 in the East Midlands Petroleum Province.
2nd Interval at Wressle-1 Well Free Flow Oil
Europa Oil & Gas (Holdings) plc informed that Egdon Resources (‘Egdon’) today confirmed the free flowing oil production rates equivalent to up to 182 barrels of oil per day (‘bopd’), along with 456 thousand cubic feet (‘mcf’) of gas per day, following testing operations on the Wingfield Flags reservoir at the Wressle-1 oil discovery (‘Wressle’) on Licence PEDL 180 in East Lincolnshire (‘PEDL 180’).
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.
Scottish Power, Egdon Give Go-Ahead to UK Shale Gas Project
Scottish Power, owned by Spain's Iberdrola, and Egdon Resources have decided to move ahead with a joint project to explore and develop shale gas in Britain, after seismic data showed the potential for reserves. Britain is counting on the development of shale gas to help lessen its increasing dependence on imports as North Sea output declines. Under a farm-in agreement between the two companies…
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…
Scotland May Have Shale for 30 Years' Worth of UK Gas Needs
Scotland, heading for a September independence referendum, could hold enough shale gas resources to cover UK gas needs for more than 30 years, a geological report published by the British government showed on Monday. But Scotland's roughly 80 trillion cubic metres of gas is only around 6 percent of Britain's potential, with the rest mainly in the Bowland Shale region across northern England. The British Geological Survey report…
Egdon Resources in Talks to Buy Alkane Shale Assets
Independent oil and gas explorer Egdon Resources said it was in advanced talks to buy Alkane Energy's shale assets in Britain as interest in the country's nascent shale gas industry gathers pace. The deal would give Egdon Resources access to sizeable resources as Alkane Energy holds oil and gas licences for more than 800 sq km of land expected to contain shale gas. Last week, British shale gas rival IGas announced its acquisition of Dart Energy…
