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Egdon Resources set to re-enter Dukes Wood-1 well in Nottinghamshire

25 November 2009

Egdon Resources, the oil and gas group primarily focused on the hydrocarbon-producing basins of onshore UK and Europe, has secured a rig to complete its planned drilling operations at Dukes Wood-1 in Nottinghamshire licence PEDL118.

Egdon has agreed a contract with British Drilling and Freezing to use the BDF28 drilling rig to complete the drilling of the main section of Dukes Wood-1. The rig is anticipated to be on site in early December with operations expected to take 12 days.

The Dukes Wood-1 well was drilled and cased to a depth of 47m in November 2008 and will now be re-entered and drilled directionally to a planned measured depth of around 800 metres. The well will test the crest of the Dukes Wood anticline in an area where Egdon has identified potential for un-drained and re-migrated oil.

A previous well in this part of the structure was re-entered in 1992 and produced 180 barrels of oil during a short test from the upper interval of the Ashover Grit indicating the presence of recoverable oil.

The primary target for the well will be the Ashover Grit reservoir interval with secondary reservoir objectives in the Sub-Alton Crawshaw, Loxley Edge Rock and Wingfield Flags all oil bearing on the structure.

This is the first well in the evaluation of the rejuvenation potential of the Eakring-Dukes Wood oil field where Egdon has identified low risk opportunities to add production, revenues and reserves.

Egdon is the operator of the PEDL118 licence but has agreed to sell a 25% interest to Terrain Energy.






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