The Company has been informed that following today’s announcement in relation to the 14th Round, Mark Abbott, Managing Director, purchased 150,000 ordinary shares in the Company at a price of 9.875 pence each via his SIPP. Mr Abbott’s total beneficial shareholding in the Company is now 7,813,824 ordinary shares, representing 3.53 per cent of the issued share capital of the Company.
Egdon Resources plc (AIM:EDR) is pleased to advise that the Company is to be offered 11 blocks and part-blocks in the second Tranche of the UK 14th Onshore Oil and Gas Licensing Round as announced today by the Oil and Gas Authority (“OGA”). These are in addition to the 7 blocks and part-blocks the Company was offered in the first Tranche as advised in August 2015. The OGA will now progress towards issuing Petroleum Exploration and Development Licences (“PEDLs”) over the blocks offered in the two Tranches.
In the 14th Round as a whole, Egdon has been offered interests in a total of 18 blocks and part blocks which will translate into 9 new PEDLs. The new licences will cover a total area of approximately 1126 square kilometres (278,220 acres). This represents a significant proportion of the blocks for which Egdon applied. The new blocks to be offered are located in the East Midlands Petroleum Province and the Cleveland Basin and expand the Company’s acreage and opportunity base within these two core areas providing a mix of new, conventional and unconventional resource opportunities.
The Directors of Egdon Resources plc are pleased to announce that at the Annual General Meeting held at the offices of Norton Rose Fulbright on 3 December 2015, all resolutions put before shareholders at the meeting were duly passed unanimously.
At the meeting, Managing Director Mark Abbott presented a review of the business. The presentation will be available and can be accessed from the Company’s website: www.egdon-resources.com.
Details of the voting and proxies received can be viewed here
Egdon Resources plc (AIM:EDR) announces that as part of its annual incentive review it has granted options to the following Directors. (more…)
Egdon Resources plc (AIM:EDR) is pleased to provide an update on operations and plans for the Wressle oil and gas discovery located to the east of Scunthorpe in Lincolnshire on licence PEDL180 where Egdon operates with a 25% interest.
As announced previously, it had been the PEDL180 joint venture (JV) partners’ intention to undertake further well test operations on both the Ashover Grit and Penistone Flags intervals. However, since completion of the Extended Well Test (“EWT”) operations in early September 2015, the group has completed a detailed review of the data gathered to date and are now sufficiently comfortable to continue working towards compiling a field development plan (“FDP”) without requiring further time-consuming and costly testing operations. (more…)
Egdon Resources plc (AIM:EDR) announces that its Preliminary Results for the year ended 31 July 2015 will be announced on Tuesday, 3 November 2015.
An analyst meeting will be held at 9.30am on 3 November 2015 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.
Egdon Resources plc (LSE: EDR) is pleased to note that Europa Oil and Gas (Holdings) plc (“Europa”) has today announced that the Surrey County Council’s Planning & Regulatory Committee has granted permission for the underground drilling corridor for the Holmwood Exploration Well in PEDL143 in Surrey. (more…)
Further to the announcement of 14 July 2015, Egdon Resources plc (AIM:EDR) is pleased to announce that all the required authorisations have been received in respect of separate farm-outs of Licence PEDL005(Remainder) (“PEDL005(R)”) to Terrain Energy Limited (“Terrain”) and Union Jack Oil plc (“Union Jack”). The licence, located in Lincolnshire, contains the Keddington producing oil field, part of the Louth oil prospect, and the North Somercotes gas prospect. (more…)