Hartshead Resources NL (ASX: HHR), a European-focused ASX-listed energy company, has achieved remarkable success in the 33rd UK Licensing Round, securing 10 blocks that significantly expand its UK portfolio.
These blocks, all containing either gas field redevelopment projects or undeveloped gas fields, highlight the company’s strategic expansion in the region.
Among the key highlights of this achievement, Hartshead has won nine blocks in the Southern Gas Basin and one block adjacent to P2607.
Additionally, the company will collaborate with Meridian Resources and Comtrack (UK) Ltd. on several blocks, showcasing a strategic partnership approach to maximise opportunities.
Hartshead CEO Chris Lewis expressed his delight with the outcome of the 33rd Round, stating: “I am delighted with such an excellent result in the 33rd Round.
“To have won so many blocks, with known discovered gas resources and a host of gas fields for re-development, development and appraisal vastly expands our portfolio and dramatically increases the number of opportunities we have to progress to gas production.”
Lewis also commended the hard work and commitment of the team, emphasising their role in delivering this success.
He added, “As ever, it is the hard work and commitment from our team that has delivered this result, and once again I would like to thank the entire team for their continued efforts.”
Looking ahead, Lewis expressed anticipation for providing further details of these exciting awards in the near future, highlighting a positive outlook for Hartshead Resources NL as it continues to advance its presence and operations in the UK energy sector.