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Hartshead Resources makes progress with Phase 1 gas fields in UK Southern Gas Basin

Hartshead Resources NL (ASX:HHR) CEO Chris Lewis and subsurface manager Neil Marcus joined Proactive's Stephen Gunnion with details of how they plan to progress the development of the company's Phase I gas fields in the UK’s Southern Gas Basin.

Hartshead is focused on its 100%-owned Production Seaward Licence P2607 comprising five blocks, which contain four existing gas fields in the UK Southern Gas Basin. It's pushing ahead with planning and development activities in a bid to bring the initial fields into production.

Marcus telling Proactive that aggregating opportunities at the licence area the chance of success is improved. Lewis said steps are now being taken to secure a gas transportation agreement from where the company will be producing gas to an onshore sales point.

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Price: 0.023 AUD

Market Cap: $42.54 m

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Hartshead Resources outlines its role in UK's energy transition

Andy Matharu, CFO for Hartshead Resources NL (ASX:HHR), talks to Proactive about their position to take advantage of the current energy transition targeting zero emissions. Matharu explains the impact of the current high gas prices on M&A in the UK North Sea and who the key players are and...

on 12/8/21

2 min read