PERTH, Australia – Ansila Energy has completed a deal to buy Hartshead Resources, with ambitions to develop gas fields in the UK southern North Sea.
European law firm Fieldfisher acted for Ansila, which has acquired the outstanding 78.4% of Hartshead, giving it a 100% controlling interest.
It had acquired the initial stake in July 2019, under its previous name of Pura Vida Energy.
Last September, Britain’s Oil and Gas Authority awarded Hartshead ’s a license covering five contiguous blocks in the southern gas basin. These contain four discoveries with a 2C resource totaling 354 bcf.
Ansila has also raised A$8 million ($6 million), which it will use to achieve various initial milestones as part of a phased development of the discoveries.
The five blocks are in UK quadrants 48 and 49 with numerous exploration prospects covered by modern 3D seismic. These, in addition to the planned field redevelopments, are all gas targets in Permian age Rotliegendes sandstone reservoirs.
Ansila’s immediate focus will be on development planning for the Victoria and Viking Wx gas fields, further subsurface evaluation at Audrey NW and Tethys NW, and a re-interpretation of the exploration fairway to identify further prospects and leads.