Egdon Resources UK Ltd is offering material equity in PL 090 (excluding Waddock Cross oilfield determination) in return for a promoted share cost of a future well. The well will target the Broadmayne prospect which is interpreted to consist of a dip and fault closed tilted fault block. The structure was mapped on 3D seismic which was reprocessed in 2017. Dynamic modelling in Q1 2020 indicated that commercial oil resources could be developed from a horizontal well. The main objective is the Triassic Sherwood Sandstone which Egdon interpret as oil prone. The reservoir forms the primary reservoir at Wytch Farm. Egdon estimate the Sherwood Sandstone to contain mean prospective resources of 2.8 MMbo with further potential in the Bridport Sandstone. Estimated dry hole well costs are GBP Â£2.5 million. As of May 2020, the opportunity was still available.  Interest in PL 090 is held by Egdon Resources UK Ltd (42.5% + operator), Corfe Energy Ltd (25%), United Oil and Gas Plc (18.96%) and Aurora Energy Resources Ltd (13.54%).  For further details please contact:  Martin Durham  Email: Martin.Durham@egdon-resources.com
Egdon Resources UK Ltd is offering material equity in PL 090 (excluding Waddock Cross oilfield determination) in return for a promoted share cost of a future well. The well will target the Broadmayne prospect which is interpreted to consist of a dip and fault closed tilted fault block. The structure was mapped on 3D seismic which was reprocessed in 2017.