Egdon Resources plc (AIM:EDR) announces that its Interim Results for the six months ended 31 January 2017 will be released on Tuesday, 11 April 2017

An analyst briefing will be held at 9.30am on 11 April 2017 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.

Egdon Resources plc (the “Company”) has been informed that as a result of Mr Mark Abbott’s younger son achieving his majority, his shareholding is no longer to be counted as part of Mr Abbott’s beneficial shareholding. Accordingly, although these shares have not been sold, Mr Abbott’s beneficial shareholding is reduced by 100,000 ordinary shares to 7,764,387 ordinary shares, representing 2.99% of the issued and voting share capital of the Company.

Egdon Resources plc (AIM:EDR) provides an update on plans to progress the development of the Wressle oil field following the recent decision of North Lincolnshire Council’s Planning Committee to refuse planning permission for hydrocarbon production.

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Further to the announcement made on 16 November 2016, Egdon Resources plc (AIM:EDR) is pleased to confirm that it has now completed the acquisition of an additional interest in PEDL201 in the Company’s East Midlands core area.

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Egdon Resources plc (AIM:EDR) announces that the North Lincolnshire County Council’s Planning Committee has today refused planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.

At the same meeting the application for the installation of groundwater monitoring boreholes was approved.

Mark Abbott Managing Director of Egdon Resources plc, said:

“We are very disappointed by the decision of the Committee that goes against the positive recommendation of their Planning Officer which was determined after an extensive and thorough review of our proposals.

Our business has been operating exploration and production sites in a safe and environmentally sensitive manner across the region for many years, engaging with communities, employing local people and investing in the local supply chain.

We will now take time to consider our options including our right to bring forward an appeal.”