Egdon Resources plc (AIM:EDR) and its partners (GP Energy Limited, Island Gas Limited (“IGas”) and eCORP Oil & Gas UK Limited (“eCORP”)) are pleased to announce the signature of a Farm-out Agreement (“The Agreement”) with Total E&P UK Limited (“Total”), a wholly owned subsidiary of Total SA, in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140 (“The Licences”) located in the Gainsborough Trough geological basin in Lincolnshire, whereby Egdon will hold a 14.5% interest in The Licences. The Licences cover an area of 240 square kilometres and are immediately adjacent to licences PEDL209 and PL161/162 where Egdon has further interests. (more…)