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. The main objective is the Triassic Sherwood sand of which Egdon interpret is oil prone. The reservoir forms the primary reservoir at Wytch Farm. Egdon estimate the Sherwood sand to contain mean prospective resources of 2.8 MMbo. Further potential could exist in the Bridport Sandstone. Estimated dry hole well costs are GBP Â£2.5m.   Interest in PL 090 is held by Egdon Resources UK Ltd (42.5% + operator), Corfe Energy Ltd (20%), United Oil and Gas Plc (18.9583%) and Aurora Energy Resources Ltd (13.5417%).  For further details please contact:  Martin Durham  Email: Martin.Durham@egdon-resources.com
United Kingdom, PL 090