Favourable Holmwood Court of Appeal Decision

19 June 2014

Egdon Resources plc notes the announcement made today by Europa Oil and Gas (Holdings) plc (Europa), the operator of PEDL143, regarding the Court of Appeal decision in relation to the Holmwood prospect.

Europa has advised that the Court of Appeal has today dismissed an appeal by the Leith Hill Action Group against the High Court judgment in Europas favour, in relation to the drilling of an exploratory well at the Holmwood prospect (Holmwood) in the PEDL143 licence in the Weald Basin, Surrey.  Egdon holds a 38.4 per cent. interest in PEDL143.

As a result of the Court of Appeal ruling, the High Court judgment of 25 July 2013, is upheld.  Europas appeal against Surrey County Councils refusal to grant planning permission to drill one exploratory borehole and undertake a short term test for conventional hydrocarbons at the Holmwood prospect will therefore be remitted to the Planning Inspectorate for redetermination.  This may involve a further planning inquiry.