Hartshead Resources' Success in 33rd Licensing Round

Hartshead Resources NL (ASX:HHR) has successfully secured ten blocks across six licenses in the 33rd Licensing Round for oil and gas exploration in the UK. The company has received letters of offer and license documentation for the new licenses, with three already fully executed and awarded.

Executive Commentary on New Licenses

Hartshead CEO, Chris Lewis, expressed his satisfaction with the company's success in securing a significant acreage in the Southern North Sea and a new area of interest, the East Irish Sea. He highlighted the exciting and encouraging high-quality resource opportunities present in the company's portfolio and looks forward to the team's work on the new portfolio over the coming months.

Summary of New Licenses and Outlook

Hartshead Resources' recent success in securing ten new blocks across six licenses in the UK oil and gas sector marks a significant milestone for the company. With a net interest of 1.5 Tcf of reserves and contingent and prospective resources, Hartshead is well-positioned for future growth. The company's CEO, Chris Lewis, emphasized the variety of high-quality resource opportunities in their portfolio and expressed optimism about the team's work on the new portfolio in the coming months. Hartshead's focus on building a responsible European energy business aligns with the growing energy demand in Europe and the transition to a low carbon future. The company's ambitions and goals are reflected in its strategic focus on the development of Production Seaward License P2607, comprising of five blocks containing existing gas fields in the UK Southern Gas Basin. Hartshead's commitment to environmentally responsible practices and its specialized team's expertise in oil and gas projects position the company for continued success in the European energy sector.