The Management of Egdon Resources plc (AIM:EDR) have been advised by Europa Oil and Gas, the operator of Weald Basin licence PEDL143, that the Department of Energy and Climate Change has agreed to a two year extension of the licence to October 2012.

The licence extension is in response to the time taken to complete the planning process for the Holmwood-1 exploration well. The operator has also advised that Surrey County Council Planning Department should be in a position to submit their recommendation to the Council Planning Committee in March 2010, and dependent upon a positive outcome to this application, a well could be drilled in late 2010 or early 2011.