Yearly Archives: 2014

Issue of Equity and Total Voting Rights

28 February 2014

Egdon Resources plc (AIM:EDR) announces that pursuant to the exercise of options granted under the Company‘s Enterprise Management Incentive Scheme‚ 828‚271 ordinary shares of 1 pence each have been issued and allotted. (more…)

Share Placing completed

11 February 2014

Egdon Resources plc (AIM:EDR) today announces it has successfully completed a placing of 12,000,000 new ordinary shares (the “Placing Shares”) at a placing price of 25 pence per share to raise approximately £3.0 million (the “Placing”). (more…)

Opt-in Agreement with Total E&P UK Limited – PEDL209

30 January 2014

Egdon Resources plc (AIM:EDR) and its partners (Blackland Park Exploration Limited (“Blackland”)  and Stelinmatvic Industries Limited (“Stelinmatvic”)) are pleased to announce signature of an Opt-in 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 Licence PEDL209 (“The Licence”) located in Lincolnshire. The Licence covers an area of 64 square kilometres and is located adjacent to licences PEDL139/140 (the subject of the recently announced farm-in by Total) and PL161/162 where Egdon has further interests. The Licence is located in the eastern part of the Gainsborough Trough geological basin. (more…)

Licence Extension PEDL181

13 January 2014

Egdon Resources plc (AIM:EDR) notes the announcement made today by Europa Oil and Gas (“Europa”) as operator of Petroleum Exploration and Development Licence PEDL181 advising that the Department of Energy and Climate Change has granted an extension of the Initial Term of the licence of 12 months  to 30 June 2015.  Europa also provided a technical update on the licence and advised of the intention to progress plans for the drilling of an exploration well on the Kiln Lane Prospect.  Egdon holds a 25% interest in the PEDL181 Licence.

Farm-out Agreement with Total E&P UK Limited – PEDL139 & PEDL140

13 January 2014

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…)