Hartshead Resources Secures Full Execution and Award of All New Licences in UK's 33rd Licensing Round, Adding Significant Gas Resources
Jane Morgan Management
Perth, Australia – 17 September 2024 | Hartshead Resources NL (ASX: HHR) (“Hartshead” or “the Company”) is pleased to announce that all new licences awarded in the UK’s 33rd Offshore Licensing Round have now been fully executed and awarded by the North Sea Transition Authority (NSTA). These new licences add significant contingent and prospective gas resources to Hartshead’s existing portfolio, further enhancing the Company’s strong position in the UK Southern Gas Basin.
Highlights:
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Ten Blocks Secured: Hartshead has secured 10 blocks across six new licences as part of the UK’s 33rd Licensing Round.
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Resource Growth: The new licences add a total of 1,187 billion cubic feet (Bcf) of contingent (2C) and prospective (2U) resources, bringing Hartshead’s total net reserves and resources to 1.5 trillion cubic feet (Tcf).
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Strategic Expansion: The newly awarded licences align with Hartshead’s existing portfolio, further strengthening its resource base in the UK Southern Gas Basin.
Resource Overview:
Hartshead’s expanded resource base now includes:
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121 Bcf of 2P Reserves: Confirmed from existing P2607 licence.
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683 Bcf of 2C Contingent Resources: Across new licences and existing assets.
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698 Bcf of 2U Prospective Resources: Providing high-impact exploration opportunities.
The new licences enhance the Company’s future development potential and support its long-term vision of delivering sustainable energy projects that align with Europe’s transition to low-carbon energy.
Christopher Lewis
Chief Executive Officer
+61 (8) 9226 2011
info@hartshead-resources.com
Jane Morgan
Investor and Media Relations
+61 (0) 405 555 618
jm@janemorganmanagement.com.au
About us:
About Hartshead Resources NL:
ASX-listed Hartshead Resources NL is focussed on building a financially, technically and environmentally responsible European Energy business.
Hartshead’s goal is to secure and invest in projects where resources can be extracted and delivered to meet Europe’s growing energy demand while supporting the transition to a low carbon future.
In progressing this strategy Hartshead is focused on the development of Production Seaward License P2607 (60% owned RockRose Energy/40% Hartshead), comprising five blocks which contain four existing gas fields in the UK Southern Gas Basin.
Hartshead brings together a highly experienced oil and gas team with specialised knowledge covering subsurface, engineering, commercial, QHSE and capital markets with the required skill sets needed to deliver oil and gas upstream projects successfully and safely.