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Further to the announcement of 5 June 2014, Egdon wishes to notify that it has now obtained consent from DECC for the transfer of licences from Alkane.  As a consequence, admission of the new ordinary shares issued pursuant to the transaction with Alkane, the Placing and Open Offer, and completion of the acquisition, is now expected to become effective on 12 June 2014. (more…)

The Directors of Egdon Resources plc are pleased to announce that at the Extraordinary General Meeting held at the offices of Norton Rose Fulbright LLP on 5 June 2014, all resolutions put before shareholders at the meeting were duly passed.

Details of voting at Egdon EGM of 5 June 2014

Further to the announcement of 13 May 2014, Egdon wishes to notify that it is still awaiting consent from DECC for the transfer of licences from Alkane and now expects this consent to be obtained by 12 June 2014. As a consequence, admission of the new ordinary shares issued pursuant to the transaction with Alkane, the Placing and Open Offer, is now expected to become effective on or around 12 June 2014 rather than 6 June 2014 as originally notified.

As announced on 13 May 2014, the Company entered into a conditional agreement to acquire the onshore shale gas business and assets of Alkane Energy plc, which was, inter alia, conditional upon shareholder and DECC approval. At the time, the Company alsoannounced details of a conditional Placing to raise £6.4 million (before expenses) through the issue of 32,000,000 Ordinary Shares at an Issue Price of 20p per share and an Open Offer to raise up to a further £0.6m through the issue of up to 3,033,663 Ordinary Shares at an Issue Price of 20p per share. The Open Offer closed for acceptances at 11.00a.m. on 30 May 2014. (more…)

Egdon Resources plc (AIM:EDR) notes the announcement made today by Union Jack Oil plc (“UJO”) of the results of a resource assessment commissioned from Molten Limited by UJO in respect of the shale potential of the northern parts of PEDL 201.  

Egdon has a 32.50% interest in, and is operator of PEDL 201.

Egdon Resources plc (AIM:EDR) notes the announcement today by Europa oil and gas that the Wressle-1 well on licence PEDL 180 will spud in July 2014 at which point the Company will provide a further update. Egdon has a 25% interest in, and is operator of PEDL 180.  (more…)

Egdon Resources plc (AIM:EDR) announces that pursuant to the exercise of options granted under the Company’s Enterprise Management Incentive Scheme, 150,000 ordinary shares of 1 pence each have been issued and allotted. (more…)

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