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

4 February 2014

Egdon Resources plc (AIM:EDR) is pleased to announce the completion of the Farm-out Agreement with Total E&P UK Limited in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140.

As a consequence of the various agreements between the parties, Egdon will receive $600,000 (ca. £365,000) in cash following completion.

The interests in PEDL139/140 are:

Total E&P UK Limited :  40.0%
GP Energy Limited (a subsidiary of Dart Energy Europe Limited) :  17.5%
Egdon Resources U.K. Limited :  14.5%
Island Gas Limited :  14.5%
eCORP Oil & Gas UK Limited :  13.5%