Egdon Resources granted planning consent for the Wressle oil field on appeal

Egdon Resources reports that the Planning Inspectorate has upheld its appeal and granted planning consent for the development of the Wressle oil field in North Lincolnshire licences PEDL180 and PEDL182.

The Inspector also allowed the application for an award of costs against North Lincolnshire Council.

Mark Abbott Managing Director of Egdon Resources Plc, said: ‘I am delighted that the Planning Inspectorate has made this positive determination in relation to this important asset for Egdon and our JV partners. We will now begin work on discharging the planning conditions and the detailed planning for the development works. We will continue to keep shareholders and the local community informed.’

Wressle oil field

The Wressle oil discovery is located in UK onshore licence PEDL 180. The licence is operated by Egdon Resources with a 30% interest. Partners are Europa Oil & Gas (30%); Union Jack Oil (27.5%), and Humber Oil & Gas (12.5%).

The Wressle-1 well was drilled in 2014 and tested in 2015. The Wressle-1 well has flowed oil and gas from three separate reservoirs, the Ashover Grit, the Wingfield Flags and the Penistone Flags.

This totalled 710 barrels of oil equivalent per day from all zones.  In September 2016 a Competent Person’s Report made independent estimates of Reserves and Contingent and Prospective oil and gas Resources for the Wressle discovery of 2.15 million stock tank barrels classified as discovered (2P+2C).

Further information can be found at Egdon’s Wressle Oil and Gas Discovery page http://www.egdon-resources.com/home/project-sites/wressle/

Source: Energy-pedia