PEDL182 (Broughton North)The East Midlands

 

Licence PEDL182
Europa interest 30% (reducing to 20% with Upland deal)
Partners Egdon 25% (operator), Celtique 30%, Union Jack 15%
Area km2 19
Basin East Midlands
Play Caboniferous (conventional)
Term  

 

Adjacent and north of PEDL180, PEDL182 holds the Broughton North prospect.

Broughton North is in a fault block immediately to the north-west of Wressle, and as a result, ERCE Equipoise in its capacity as a Competent Person has assigned a high geological chance of success of 40% to 49% to the prospect as well as gross mean unrisked prospective resources of 0.6 million boe.

On 24th November 2016, Europa agreed the sale of a 10% interest in PEDL180 and 182 to Upland Resources (UK Onshore) Limited for up to GBP1.85 million. Completion of the sale is subject to planning, EA and OGA approvals.

UK - East Midlands