Hartshead Resources Limited (Hartshead, HRL or the Company) notes the announcement made by the UK Oil & Gas Authority (OGA) on 3 September 2020 with respect to the provisional award to Hartshead of five contiguous blocks in the Southern North Sea (SNS), offshore United Kingdom, that the Company applied for in the recent UK 32nd Offshore Licensing Round.
The blocks under provisional award to HRL are 48/15c, 49/6c, 49/11c, 49/12d and 49/17b and contain multiple fields and undeveloped gas resources, together with a number of drill-ready exploration prospects.
Chris Lewis, CEO of Hartshead, commented: “We are pleased that the OGA have announced the results of the 32nd Offshore Licensing Round and look forward to taking up the offer for the blocks and providing investors with a full update in the near future.”
Notes to Editors:
Hartshead Resources Limited
Hartshead is a privately-owned UK company building a financially, technically and environmentally responsible European Energy business.
Our goal is to secure and invest in projects where resources can be extracted and delivered to meet Europe’s growing energy demand while supporting the transition to a low carbon future. To meet this goal our principle focus is to develop gas resources whilst ensuring these are low emission development projects.
In progressing this strategy Hartshead has recently received the provisional award of a single license comprising five blocks in the recent UK 32nd licensing round.
Hartshead brings together a highly experienced oil and gas team with specialised knowledge covering subsurface, engineering, commercial, QHSE and capital markets with the required skillsets needed to successfully and safely deliver oil and gas upstream projects.