17th Oct 2013 10:46
LONDON (Alliance News) - Egdon Resources PLC Thursday said it has completed 3D seismic testing of the south and east of Dorchester in Dorset.
The oil and gas exploration and production company with operations in the UK and France said the survey, which covers part of its exploration licence in the area, was acquired by Tesla Exploration International Limited.
Egdon said the survey was designed to provide detailed structural data over a number of leads and prospects at various reservoir levels including the Sherwood Sandstone, the primary reservoir at the nearby Wytch Farm oilfield.
The company said the data will now be processed by a specialist contractor to identify possible future drilling locations.
Egdon shares were down 0.4% to 8.59 pence Thursday.
By Tom McIvor; [email protected]; @TomMcIvor1
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