The directors of Egdon Resources plc (AIM:EDR), a UK focused energy company, welcome the Written Ministerial Statement (WMS) from the Rt Hon Jacob Rees-Mogg MP, Secretary of State for the Department of Business, Energy and Industrial Strategy in which he confirmed the lifting of the moratorium on shale gas extraction and the Government’s commitment to reviewing shale gas policy.
Commenting, Mark Abbott, Managing Director of Egdon Resources plc, said:
“The WMS is an important first step by the Government in delivering this nationally important resource. We look forward to working positively with Government to develop the right regulatory environment to realise the potential of indigenous shale gas, which in contrast to a growing reliance on imports, could have a positive impact on the UK’s energy security whilst delivering environmental, fiscal and community benefits and thousands of well paid, skilled jobs.”
Written Ministerial Statement on Shale Gas Extraction