Britain’s nascent shale gas industry is about to see significant activity, so says AIM-quoted Egdon Resources Ltd (LON:EDR).
The UK onshore oil and gas firm, which is interested in some 200,000 acres of shale assets, in a broader operations update highlighted that a number of parties will be advancing shale operations over the coming months – including a potential ‘play opening’ Spring Road well, in which it has a 14.5% interest.
It is planned that operations will start at Spring Road later this year. The well is located in the Gainsborough Trough, where Egdon is partnered with IGas Energy, Total and others.
In a statement the Spring Road programme, which will target thick Lower Carboniferous tight sand and shale sequence, is described by Egdon as “a key well” located in a “core area” for unconventional resources.
Before Spring Hill, Cuadrilla is expected to advance the UK shale play, with horizontal wells, and Third Energy will carry out fracking operations at its Kirby Misperton project.
Operational execution and well results in the coming months may prove to be important catalysts for the play.