UNITED KINGDOM — Hartshead Resources NL (ASX: HHR) has successfully secured and executed all new licences awarded in the UK’s 33rd Offshore Licensing Round, significantly boosting its gas resources in the Southern Gas Basin.
The North Sea Transition Authority (NSTA) has officially awarded these licences, marking a major expansion for the company.
Hartshead has obtained six new licences covering 10 offshore blocks in the UK.
This strategic move aligns with the company’s existing portfolio and strengthens its position in the region.
The newly acquired licences have substantially increased Hartshead’s resource base:
- Total net reserves and resources have grown to 1.5 trillion cubic feet (Tcf)
- An additional 1,187 billion cubic feet (Bcf) of contingent (2C) and prospective (2U) resources have been added
Hartshead’s expanded portfolio now comprises:
| Resource Type | Amount |
|---|---|
| 2P Reserves | 121 Bcf |
| 2C Contingent Resources | 683 Bcf |
| 2U Prospective Resources | 698 Bcf |
This diverse resource mix provides Hartshead with a strong foundation for future development and exploration opportunities.
The expansion of Hartshead’s licence portfolio is expected to enhance the company’s long-term growth prospects.
By securing these additional resources, Hartshead is well-positioned to contribute to Europe’s energy transition while pursuing sustainable energy projects.
This development follows Hartshead’s recent farm-out of 60 per cent of License P2607 to Rockrose Energy, where it retained a 40 per cent ownership.
The company continues to demonstrate its commitment to building a responsible and safe European energy business.
As the energy landscape evolves, Hartshead Resources appears to be strategically positioning itself to play a significant role in the UK’s gas sector, potentially impacting both domestic energy security and the broader European market.
