Egdon Resources PLC - UK-focused oil & gas exploration and production company - Submits application to Lincolnshire County Council seeking planning permission for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe-2 wellsite at Biscathorpe, Lincolnshire. Application is accompanied by an environmental statement. The application will be validated before the council begins consultation on the proposals.
"Subject to receipt of planning and other consents, the Biscathorpe-2Z side-track conventional appraisal well could potentially be drilled in the second half of 2021 and would target the Dinantian Carbonate and Basal Westphalian Sandstone reservoirs," says Egdon.
Current stock price: 2.00 pence; up 11% on Monday
Year-to-date change: up 21%
By Anna Farley; email@example.com
Copyright 2021 Alliance News Limited. All Rights Reserved.