Company
ASX:HHR
Hartshead Resources NL is focused on building a financially, technically and environmentally responsible European Energy business. The company's goal is to secure and invest in projects where resources can be extracted and delivered to meet Europe’s growing energy demand while supporting the transition to a low carbon future.
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"I would like to thank Spirit Energy for their assistance in providing a large volume of 3D seismic data to Hartshead. This has, undoubtedly, saved time, money and effort in the development of our Phase II assets,” says CEO.
As part of Hartshead’s multi-phased development of four gas fields in the Southern Gas Basin, the company has the potential to deliver more than 0.5 trillion cubic feet of gas to the Bacton gas terminal following targeted first gas from its
Hartshead currently has a development portfolio of 354 billion cubic feet (Bcf) of discovered 2C contingent resources in the UK’s Southern Gas Basin.
“This outcome provides substantial upside potential for the overall project and economics, and comes at a time when the UK natural gas spot price is sitting at a record high due to supply constraints,” says CEO.
