Egdon Resources responds to Government Lifting the Shale Gas Moratorium

Source: www.gulfoilandgas.com 9/8/2022, Location: Europe

The directors of Egdon Resources plc (EDR), a UK focused energy company, welcome announcement by the Prime Minister, Liz Truss, of the lifting of the moratorium on hydraulic fracturing for shale gas which was introduced in November 2019.

Commenting on today’s announcement, Mark Abbott, Managing Director of Egdon Resources plc, said:

“The lifting of the moratorium is a logical and pragmatic response to the new geopolitical reality and the new Government should be congratulated on the speed and foresight of its action. In contrast to a growing reliance on imports, the development of indigenous shale gas could have a positive impact on energy security, gas prices and the UK’s balance of payments, whilst delivering tax revenues, business rates, community benefits and thousands of well paid, skilled jobs. Importantly shale-gas can also play its part in delivering the goals of Net Zero and the Energy Security Strategy.

With Egdon’s material shale-gas position, we now look forward to working positively with Government and local communities to deliver this nationally important resource in a timely fashion.”


United States >>  1/18/2023 - Chesapeake Energy Corporation has entered into an agreement to sell the Brazos Valley region of its Eagle Ford asset to WildFire Energy I LLC for $1.4...
United States >>  1/17/2023 - • WhiteHawk to acquire Haynesville Shale mineral and royalty assets covering 375,000 gross unit acres
• Mineral and royalty assets operated by ba...


Saudi Arabia >>  1/10/2023 - Flowserve Corporation (NYSE:FLS) (the “company”) will support the construction of Aramco’s Jafurah project, one of the largest commercial unconvention...
United States >>  1/10/2023 - Sage Natural Resources LLC ("Sage") announced that it recently completed six horizontal wells in the dry-gas window targeting the Barnett Shale format...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.