Egdon Resources Plan 'Fracking' operation at Hatfield, South Yorkshire.
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Egdon Resources, of Hampshire, wants to drill for shale gas at Hatfield in 2015.
Once Egdon has identified a location for a well pad for their drilling operation they will seek planning permission from Doncaster Metropolitan Borough Council, together with a permit from the Environment Agency. But first they intend carrying out 2D seismic surveys across the parish to help them identify a well pad location. |
Egdon Press release 4th December 2014
"Exercise of Exploration Option and Farm-in Agreement, PL161 and PL162. Further to the announcement made on 5 December 2013, Egdon Resources plc (AIM:EDR) is pleased to announce that it has exercised its Exploration Option and Farm-in Agreement (“The Agreement”) with Scottish Power Generation Limited (“SPG”) to farm in to UK Onshore Production Licences PL161 (Block SE/60b) and PL162 (Blocks SE/70a and SE/80b) located in Lincolnshire and South Yorkshire.
The Agreement defines an “Exploration Area”, which excludes those parts of PL161 and PL162 relating to the Hatfield Moor operational gas store, the Hatfield West gas storage reservoir and the operational gas reception facility operated by SPG.
Under the terms of The Agreement, SPG granted Egdon an Option Period of twelve months by the end of which Egdon was required to either advise SPG of its intention to commit to the drilling of an exploration well in the Exploration Area (the
“Option Well”) or else terminate The Agreement.
During the Option Period, Egdon undertook a full evaluation of the hydrocarbon potential of the Exploration Area, which included reprocessing all relevant existing 2D seismic data. Egdon is very encouraged by the results of this evaluation, both in terms of conventional and unconventional prospectivity, and has elected to
exercise its option.
Egdon will meet the full cost of the drilling and evaluation of a well in the Exploration Area to the point of either abandonment or suspension in the case of a discovery. Egdon will earn a 50% working interest in the Exploration Area through the drilling of the Option Well and will become Operator of the Exploration Area. Initial work
will comprise new 2D acquisition to finalise the location for the option well."
The Agreement defines an “Exploration Area”, which excludes those parts of PL161 and PL162 relating to the Hatfield Moor operational gas store, the Hatfield West gas storage reservoir and the operational gas reception facility operated by SPG.
Under the terms of The Agreement, SPG granted Egdon an Option Period of twelve months by the end of which Egdon was required to either advise SPG of its intention to commit to the drilling of an exploration well in the Exploration Area (the
“Option Well”) or else terminate The Agreement.
During the Option Period, Egdon undertook a full evaluation of the hydrocarbon potential of the Exploration Area, which included reprocessing all relevant existing 2D seismic data. Egdon is very encouraged by the results of this evaluation, both in terms of conventional and unconventional prospectivity, and has elected to
exercise its option.
Egdon will meet the full cost of the drilling and evaluation of a well in the Exploration Area to the point of either abandonment or suspension in the case of a discovery. Egdon will earn a 50% working interest in the Exploration Area through the drilling of the Option Well and will become Operator of the Exploration Area. Initial work
will comprise new 2D acquisition to finalise the location for the option well."
We can't allow Hatfield to become a 'Fractured' Community.
Frack Free South Yorkshire intends holding meetings in the Hatfield Parish to show films, give talks and help set up and support a local residents action group. If you wish to be involved or simply be informed as developments unfold, join our free mailing list.
