Egdon Resources PLC spudded the Laughton-1 well in UK onshore license PEDL209 in Lincolnshire, UK, on Feb. 12. The well is targeting a structural trap at 1,500 m. According to the company, the Laughton prospect has multiple conventional targets, of which the 15-m thick Silkstone Rock is the primary interval.
The analogous Corringham oil field 5 km southeast of Laughton-1 produces from Silkstone. The Laughton-1 also will target two additional prospective reservoirs—Kilburn sandstone and Wingfield Flags. Egdon estimates its three targets to contain prospective resource volumes of as much as 1.3 million bbl of oil.
Due to the conventional nature of these reservoirs, hydraulic fracturing will not be deployed in its completion strategy, the company said. Lincolnshire has been associated with UK’s shale potential in the Carboniferous Pendleian, which is 2,000 m deep and has been identified as prospective in the nearby Bowland basin in northwest England (OGJ Online, Jan. 16, 2013).
Union Jack PLC will earn a 10% interest in the Laughton-1 exploration well and two other conventional prospects in PEDL209, in return for covering 16.67% of the well costs. Egdon Resources UK Ltd. will maintain 50% interest with partners Blackland Park Exploration Ltd. and Stelinmatvic Industries Ltd. holding 28% and 12%, respectively.
