Midmar awarded two new UK licences

Midmar Energy Ltd has been awarded two new onshore licences, PEDL 248 and 230, in the 13th Landward Oil and Gas Licensing round.

Midmar has also been awarded a 70% interest in PEDL 248, while MPX (Oil & Gas) Limited hold the remaining 30% interest in the field. PEDL 230 contains a number of possible structures that have been identified on seismic data. However, Midmar has been awarded a 100% interest in PEDL 230.

Midmar already has two producing fields in the Weald Basin; at Brockham in Surrey with Production Licence PL235 and at Lidsey in West Sussex with Production Licence PL241.

Midmar is operator of both the fields and holds 100% interest in both the fields.

The Department for Business Enterprise and Regulatory Reform (BERR) has awarded the additional two additional Petroleum Exploration and Development Licences to Midmar Energy.

Dr. Thomas Redman, Managing Director of Midmar, said we are excited to have been awarded two further attractive UK licences within the known hydrocarbon producing Weald Basin.

In current markets, we deem these licences to be extremely attractive and of importance to the UK market in establishing further domestic onshore production, he added.

These awards strengthen our already recognised position onshore UK and further demonstrate our expertise in this area.

In addition to the widening of our UK position, Midmar continues to actively pursue international opportunities where it can apply its acknowledged expertise in exploration and production, concluded Dr. Redman.