Union Jack Oil and Humber Oil & Gas have acquired Celtique Energy's stake in PEDLs 181 & 201. Each company has paid Celtique PS7,500 (US$10,000) and will acquire 12.5% in PEDL181, and 16.25% in PEDL201. The OGA confirmed on 23 July 2018 that the transaction had closed, alongside Celtique's sale of its 30% interest in Wressle Field via PEDLs 180 and 182 to Union Jack, Humber, and Egdon Resources for GBPS 2.5 million (US$ 3.3 million) combined consideration, deferred until first production. Both licences were issued on 1 July 2008 via the 13th Landward Round. PEDL181 covers 160 sq km on Humber Basin part blocks TA10a, TA20a & TA21b, located immediately SW of Grimsby. Europa and partners drilled Kiln Lane 1 NFW to 2,291m MD during Q1 2015, and encountered water wet Late Carboniferous Westphalian and Namurian sandstones with oil and gas shows only, and the well was P&A as a dry hole. PEDL201 spans Widmerpool Gulf part block SK62a (80.2 sq km), located 15km SE of Nottingham. Egdon and partners drilled the Burton on the Wolds 1 NFW to 1,086m MD, P&A dry after failing to find hydrocarbons in the targeted Namurian Rempstone Sandstone and the deeper Carboniferous. Despite the failed recent drilling, the acreage is still thought to be prospective for Carboniferous Bowland shale oil and gas. Revised PEDL181 partners are Europa Oil & Gas Ltd (50% + Op), Egdon Resources UK Ltd (25%), Union Jack Oil & Gas Plc (12.5%), and Humber Oil & Gas Ltd (12.5%). PEDL201 participants are Egdon Resources UK Ltd (45% + Op), Union Jack Oil Plc (26.25%), Humber Oil & Gas Ltd (16.25%), and Terrain Energy Ltd (12.5%).
Union Jack Oil and Humber Oil & Gas have acquired Celtique Energy's stake in PEDLs 181 & 201. Each company has paid Celtique PS7,500 (US$10,000) and will acquire 12.5% in PEDL181, and 16.25% in PEDL201. The OGA confirmed on 23 July 2018 that the transaction had closed, alongside Celtique's sale of its 30% interest in Wressle Field via PEDLs 180 and 182 to Union Jack, Humber, and Egdon Resources for GBPS 2.5 million (US$ 3.3 million) combined consideration, deferred until first production. 