Valhalla Oil and Gas Limited has received a further award and will operate a 6-year exploration license in the UK Onshore 13th Round, covering part blocks SK87 and SK88 in Lincolnshire. Valhalla has a 50% interest in the license with Europa Oil & Gas plc having the remaining 50%.
The award lies in the East Midlands Basin, only a few kilometers to the north of Valhalla’s existing license interest in PEDL150. The license covers an area of approximately 50 square kilometers and contains four currently identified leads and prospects and includes the Torksey oil field.
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