Director Shareholding
Egdon Resources plc (the “Company”) was informed today that as a result of one of Mr Mark Abbott’s sons 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 7,104,806 ordinary shares, representing 5.44% of the issued and voting share capital of the Company.
Agreement in relation to UK licences PEDL139 and PEDL140
The Directors of Egdon Resources plc are pleased to provide details of an agreement in relation to East Midlands licences PEDL139 and PEDL140. The agreement has various farm-in elements and will result in the preservation of the licences for a further five years and enable a full evaluation of both the Coal Bed Methane (“CBM”) and shale gas potential of the area at minimal cost to Egdon. (Read more…)
Total Voting Rights
Egdon Resources notifies that following the recent issue of 39,200,000 ordinary shares, the Company’s issued share capital comprises 130,675,774 ordinary shares of 10p each. There are no ordinary shares held in Treasury. Therefore the total number of voting rights in Egdon Resources plc is 130,675,774. (Read more…)
Completion of the Acquisition of Certain UK Assets from EnCore Oil plc and appointment of Director
Further to the announcement of 22 March 2010, the Directors of Egdon Resources plc are pleased to announce the completion of the acquisition of certain of EnCore Oil plc’s (“EnCore”) assets by Egdon (“the Acquisition”). (Read more…)
Agreement to sell Egdon Resources (New Ventures) Ltd to eCORP Oil & Gas UK Limited
The Directors of Egdon Resources plc are pleased to announce that Egdon and eCORP Oil & Gas UK Limited (“eCORP”) have entered into a conditional agreement for the sale of Egdon Resources (New Ventures) Ltd (“ERNV”), the holder of Egdon’s permit interests in France, to eCORP for £4.5 million in cash (the “Disposal”). Egdon will also be granted certain Back-In Options. (Read more…)