KEYFACT Energy
- Hartshead was successful in winning Ten (10) Blocks, across Six (6) Licences in 33rd Licensing Round
- All Licenses now fully executed and awarded
- Total additional Contingent & Prospective Resources of 1,187 Bcf (2C + 2U) net to Hartshead
- Hartshead net interest of `1.5 Tcf of Reserves and Contingent and Prospective Resources
Hartshead Resources today provides a further update on the results of the 33rd Licensing Round Applications. The Company has now received from the North Sea transition Authority (NSTA), as the regulatory body for oil and gas exploration in the UK, all Licenses fully executed and formally awarded.
In aggregate this is an additional 627Bcf 2C Contingent Resources and 560 Bcf 2U Prospective Resources, net to Hartshead. Hartshead total net reserves and resources is now:
| *Hartshead Net Reserves & Resources (Bcf) | Existing P2607 Licence | New 33rd Round Licences | TOTAL (Bcf) | Total (mmboe) |
| 2P Reserves | 121 | 121 | 21 | |
| 2C Contingent Resources | 56 | 627 | 683 | 118 |
| 2U Prospective Resources (1) | 138 | 560 | 698 | 120 |
| TOTAL | 1,501 | 259 |
* Contingent and Prospective Resources outlined above are net to Hartshead
Prospective resources are estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) and relate to undiscovered accumulations. These prospective resources estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.
KeyFacts Energy: Hartshead UK country profile l KeyFacts Energy: Licensing news