Egdon Resources plc (AIM:EDR) has announced that drilling operations have begun on the Keddington-5 conventional sidetrack development well in UK Onshore Licence PED005R located in Lincolnshire.
Keddington-5 is a sidetrack of the Keddington-4 production well and is designed to target an area of the field where the sandstone reservoir has not been produced. The intent is to increase production and profitability from the field. It is expected that operations will be completed in early February. Based upon an integrated geological and geophysical evaluation, Stock Tank Oil Initially in Place estimates indicate that the well will target an undrained volume that ranges between 309 000 and 566 000 bbls.
Adapted from a press release by Louise Mulhall