Egdon Resources has announced an exclusivity agreement with an unidentified company to farm-into 100% operated adjacent Southern North Sea licences P1929 and P2304, on 4 November 2019. The company has exclusivity until 19 January 2020 and if executed completion is expected by 19 April 2020. P1929 and P2304 are due to expire in November 2019, pending OGA approval for an extension. P2304 covers block 41/24 (167 sq km), located immediately offshore from Scarborough in North Yorkshire. It was awarded in the 28th Round on 1 December 2015. It contains the Endeavour gas discovery made in fractured Permian Zechstein Plattendolomit by 41/24a-1 (1969, Elf, 1,816m). P1929 covers blocks 41/18a and 41/19a (204 sq km) and was awarded in the 26th Seaward Licensing Round on 1 February 2012. It contains the 41/18-01 (1966, Total, 2,067m) Resolution gas discovery has estimated mean Contingent Gas Resources of 231 Bcfg in Zechstein reservoir. Egdon acquired the 50% interests from Arenite Petroleum and Europa Oil & Gas in P2304 on 24 July 2018. P1929 and P2304 is currently 100% Egdon Resources UK Ltd (100%).
United Kingdom, P2304