Wednesday, February 22, 2012

Egdon Resources farms out 12.5% interest in onshore UK licence

Egdon Resources Plc has farmed out 12.5% interest in Petroleum Exploration and Development Licence 201 located in Nottinghamshire and Leicestershire, UK to Terrain Energy Ltd and Corfe Energy Ltd. Terrain and Corfe will each pay 12.5% of the cost of the planned Burton on the Wolds-1 exploration well to earn 6.25% interest. The transaction is subject to necessary approvals. Continue reading here..

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