OPL has entered into a Sale & Purchase Agreement ‘SPA’ with IGas Energy Plc for assets in the Weald Basin.  These assets bring immediate oil production and reserves at Avington and Storrington oilfields, exciting exploration/appraisal potential in the Portland gas discoveries at Godley Bridge & Lingfield and high impact basin centred exposure to the exciting Kimmeridge Micrite play.

 

Licence Area km2 Field Name Life Cycle OPL Interest Operator
PEDL070 18 Avington Producing – Oil. Currently shut-in. 53.67% OPL*
PL205 18 Storrington Producing - Oil 100% OPL*
PEDL235 100 Godley Bridge Portland Gas Discovery

Micrite Oil Exploration

25% OPL*
PEDL257 28 Lingfield Portland Gas Discovery

Micrite Oil Exploration

25% OPL*

*Subject to OGA approvals