LONDON – Hutton Energy Ltd (“Hutton”) has been offered two licenses in the final tranche of the UK 14th Onshore Licensing Round which brings the total number of new licenses to five. These licenses are an addition to existing licenses in the East Midlands and Hutton’s interest in the UK now totals over 330,000 gross acres.
The work programs in these licenses target multiple play types encompassing both conventional and unconventional oil and gas prospects.
Hutton will begin the work programs with the acquisition and interpretation of historic and new seismic before fulfilling its commitment to drill wells on the licenses.
Managing Director David Messina commented:
“The 14th Onshore Licensing Round was very competitive and we are pleased to further expand our current position.
This is the first step of a comprehensive process which will begin with extensive desktop work. We do not expect any wells to be drilled before year three of our work programs, at which point we will work closely with local communities during the planning application stages.
We are committed to ensuring that residents are fully informed of our operations and understand the process of oil and gas exploration.”
About Hutton Energy
Hutton Energy is a London based E&P company founded to pursue oil and gas exploration and development opportunities in Europe. The group is comprised of experienced oil and gas explorers and producers whose global activity spans North America, Asia and Europe.
In the UK, Hutton currently holds planning permission for two exploratory boreholes to be drilled at the Harlequin-3 site in Radcliffe-upon-Trent, Nottinghamshire.
For more information about the Harlequin-3 operations, please visit www.huttonengage.com.
For more information about Hutton Energy please contact Anna McMaster, Communications Manager, on 07557789153 or firstname.lastname@example.org.