Markwells Wood-1 Drilling Update
The Board of Egdon Resources plc (AIM:EDR) notes the release made today by Northern Petroleum (GB) Limited (“Northern”), the operator of the planned Markwells Wood-1 well in Sussex licence PEDL126, where Egdon’s wholly owned subsidiary Egdon Resources U.K. Limited holds a 10% interest. (Read more…)
Directors Sharedealings
The Company was informed on 4 November 2010 that Mark Abbott, Managing Director, yesterday purchased 133,842 ordinary shares in the Company at a price of 13 pence each via his SIPP. Mr Abbott’s total beneficial shareholding in the Company is now 7,238,648 ordinary shares, representing 5.54% of the issued share capital of the Company. (Read more…)
Completion of Sale of Egdon Resources (New Ventures) Limited
Further to the announcement on 23 June 2010, the Directors of Egdon Resources plc are pleased to announce the completion of the sale of Egdon Resources (New Ventures) Ltd (“ERNV”), the holder of certain of Egdon’s permit interests in France, to eCORP Oil and Gas UK Ltd (“eCORP”) for a consideration of £4.5 million in cash. (Read more…)
Operations Update
The Directors of Egdon Resources plc are pleased to provide an update on operations in itsUK licences. (Read more…)