Egdon Resources Plc the onshore UK focused energy company provides an update on the results of the Tees Prospect exploration well (designated 42/27a-3) drilled in licence P.1054 (block 42/27a) where the Company holds a 10% interest.

The well, operated by RWE Dea UK Limited, and located approximately 20 kilometres south-east of Flamborough Head, was targeting the Tees Prospect, a Lower Permian Leman Sandstone structural closure mapped on proprietary 3D seismic data. The well reached a TD of 3238m (-3087 m TVDss) on 31 December 2007.

The primary Leman Sandstone target was penetrated close to prognosis with minor gas shows but the sands encountered were water bearing. There were also good indications of gas within a 25m sandstone within the deeper Carboniferous interval but following log evaluation these were not considered worth testing. As such the well has been plugged and abandoned and the rig is being demobilised.

The results of the well will be integrated into the block evaluation prior to a decision being made on the future of licence P.1054 (Block 42/27a) and the adjacent licence P.1133 (Block 42/26).

Tags: Egdon Resources Plc