Basal Westphalian sandstones targeted at Biscathorpe-2 were found high to prognosis and poorly developed. Elevated gas readings and oil shows in the Dinantian Carbonate provide indication of an effective petroleum system and Egdon sees the potential for a better developed reservoir to the north and north-east of Biscathorpe-2, a potential target for a future side-track. Our last published conventional asset value for Egdon was 12.7p/share and included 3.6p/share of risked value for Biscathorp
21 Feb 2019
Egdon Resources - Poorly developed sands at Biscathorpe-2
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Egdon Resources - Poorly developed sands at Biscathorpe-2
- Published:
21 Feb 2019 -
Author:
Sanjeev Bahl -
Pages:
2
Basal Westphalian sandstones targeted at Biscathorpe-2 were found high to prognosis and poorly developed. Elevated gas readings and oil shows in the Dinantian Carbonate provide indication of an effective petroleum system and Egdon sees the potential for a better developed reservoir to the north and north-east of Biscathorpe-2, a potential target for a future side-track. Our last published conventional asset value for Egdon was 12.7p/share and included 3.6p/share of risked value for Biscathorp