Hartshead Resources NL steams ahead with development planning of Phase 1 gas fields in UK Southern Gas Basin proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
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Hartshead Resources advances Concept Select program over Phase I gas fields in UK Southern Gas Basin
“This progress, coupled with a strong gas price forecast, is the best possible start we could have aimed for with our Phase I gas development planning,” says CEO. Hartshead is developing its Phase I gas fields in the UK s Southern Gas Basin.
Hartshead Resources NL (ASX:HHR) (FRA:P6V0) has made strong progress on its Phase I Concept Select work program in the UK Southern Gas Basin.
The work schedule is taking place across Hartshead’s Phase I assets the Viking Wx and Victoria gas fields within its wholly-owned and operated production seaward licence in the Southern Gas Basin.
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UK E&P company focused on building an upstream oil and gas business in the
North Sea. The Company holds a significant acreage position within the
Central North Sea referred to as the Greater Buchan Area ( GBA ), which includes operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 and Glenn oil discoveries and an 100% working interest in the P2170 Licence Blocks 20/5b & 21/1d, that contain the Verbier oil discovery and other exploration prospects.
JOG s total GBA acreage is estimated by management to contain 190 million barrels of oil equivalent ( mmboe ) of discovered P50 recoverable resources net to JOG, in addition to significant exploration upside potential of approximately 220 mmboe of prospective resources in close proximity to the Company s planned Buchan platform. JOG has recently concluded the Concept Select phase of an FDP for the Greater Buchan Area and plans to progress into Front-End Engineering and Design (FEED) later this year