East Mdlands, UK

Operations in East Midlands

East Midlands – PEDLs 182, 201 and 241

The Licences are located in the East Midlands Basin of northeast England. The East Midlands Basin is the main historic centre of oil production in onshore England. The licences were awarded in July 2008 for an initial 6-year term.

Celtique has a 50% non-operated interest in the licences.

Licences PEDLs 182 and 241 lie on the north flank of the basin and contain a number of oil discoveries that can be fully evaluated for the first time due to the availability of 3D seismic. The reservoir objectives are Carboniferous sands sealed by intervening shales and sourced from an underlying Lower Carboniferous shale source rock. In addition to the potential of bypassed discoveries a large block faulted high, also covered by the 3D, has been identified at Kelsey in PEDL 241.

Licence PEDL 201is in the Widmerpool sub basin where the reservoir objective are Carboniferous sands sealed by intervening shales and sourced from an underlying Lower Carboniferous shale source rock. A series of prospects and leads have been identified that require further work to mature for drilling.

Licence Summary

Region	Licence	Licence Holder	Operator	Award Date	Size (km²)
East Midlands	PEDL 182	CEPL 50% and Egdon Resources PLC 50%	Egdon	Jul 08	40
East Midlands	PEDL 201	CEPL 50% and Egdon Resources PLC 50%	Egdon	Jul 08	100
East Midlands	PEDL 241	CEPL 50% and Egdon Resources PLC 50%	Egdon	Jul 08	110

CEPL = Celtique Energie Petroleum Ltd

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