- Hartshead successful in winning Ten (10) Blocks in 33rd Licensing Round
- All blocks contain either gas field re-developments or undeveloped gas fields
- Nine (9) blocks in the Southern gas basin
- Three (3) blocks adjacent to P2607
Hartshead Resources has been notified by the North Sea transition Authority (NSTA), as the regulatory body for oil and gas exploration in the UK, that it has been successful in winning ten (10) blocks in the recent UK 33rd Licensing Round.
These blocks all contain discovered hydrocarbons and present a range of re-development, development and appraisal opportunities. In addition, there are multiple near field exploration opportunities in the blocks. Preliminary details of the blocks are below:
Hartshead is awaiting formal notification from the NSTA, in the form of a 'Data Verification Letter' for each License to be offered. Once the Licenses have been formally awarded and License documentation executed the Company will provide a further update with details of each License, block, opportunity and resource estimates.
Chris Lewis, Hartshead CEO, commented: 'I am delighted with such an excellent result in the 33rd Round. To have won so many blocks, with known discovered gas resources and a host of gas fields for re-development, development and appraisal vastly expands our portfolio and dramatically increases the number of opportunities we have to progress to gas production. This takes Hartshead from being a single License company to having multiple Licenses and projects within the UK.
As ever, it is the hard work and commitment from our team that has delivered this result, and once again I would like to thank the entire team for their continued efforts.
I am looking forward to being able to provide further details of these exciting awards in thenear future.'
Source: Hartshead Resources
