View or Download TR1 – Notification of Major Interest in Shares

Egdon Resources plc (AIM:EDR) notes the announcement made after market close yesterday by operator IGas Energy plc (“IGas”) in relation to the decision of Nottinghamshire County Council’s Planning and Licensing Committee in respect of the Springs Road planning application. Egdon holds a 14.5% interest in PEDL140 where the proposed wells are located.

The IGas statement reads as follows;

“IGas Energy plc (“IGas”), one of the leading producers of hydrocarbons onshore Britain, notes that Nottinghamshire County Council has deferred its decision on the IGas planning application for exploration at Springs Road in order to consider a late legal representation. The meeting is now expected to reconvene on 15 November 2016.”

Egdon Resources plc (AIM:EDR) is pleased to confirm that the Oil & Gas Authority has formally issued the Company with nine new Petroleum Exploration and Development Licences (“PEDLs”) arising from the UK 14th Onshore Oil and Gas Licensing Round as previously advised. The new licences, covering a total of 18 UK National Grid blocks and part blocks with a total area of approximately 1,141 square kilometres (281,979 acres), were originally offered in two tranches in 2015.

The licences are located in the East Midlands Petroleum Province and the Cleveland Basin as detailed below and expand the Company’s acreage and opportunity base within these two core areas providing a mix of new conventional and unconventional resource opportunities.

East Midlands – Gainsborough Trough (Read more…)

Egdon Resources plc (AIM:EDR) is pleased to announce the results of a Competent Person’s Report (“CPR”) prepared by ERC Equipoise Ltd (“ERCE” or “Competent Person”) in relation to UK Onshore (Lincolnshire) licences PEDL180 and PEDL182 in both of which Egdon is operator and holds a 25.00% interest. ERCE has made independent estimates of Reserves and Contingent and Prospective oil and gas Resources that can be ascribed to the 2014 Wressle-1 discovery and the Broughton North Prospect within the licences.

ERCE’s letter to Egdon’s Board of Directors summarising the findings of the CPR has been published on the Company’s website (www.egdon-resources.com).

(Read more…)

As a result of the exercise of share options by an employee, Egdon Resources plc (AIM:EDR) has today issued 77,457 New Ordinary Shares of 1p each. Following this the Company’s issued ordinary share capital will be 221,423,268 ordinary shares.

(Read more…)