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Egdon Resources plc (AIM:EDR) announces that Paul Jenkinson is to step down from his role as a non-executive Director of the Company with immediate effect. This follows his resignation from the board of Alkane Energy Ltd (“Alkane”) following its acquisition by Infinis Energy Management Limited.  Alkane holds 40,000,000 shares in Egdon Resources plc constituting a 15.39% shareholding

Commenting on Paul’s resignation, Philip Stephens, the Chairman of Egdon Resources said:

“On behalf of the Board I would like to offer my thanks to Paul for his contribution to Egdon over the last two years”.

Egdon Resources plc (AIM:EDR) announces that its Interim Results for the six months ended 31 January 2018 will be released on Tuesday, 17 April 2018.

An audiocast of the Results Presentation will be available on the Company’s website from 7am GMT on 17 April 2018.

Egdon Resources plc (AIM:EDR) is pleased to announce it has signed a Farm-out Agreement in respect of a further 5% interest in PEDL253 with Humber Oil & Gas Limited (“Humber”, a private company) under the same terms as the farm-out previously announced on 5 and 20 March. PEDL253 is located in Lincolnshire and contains the Biscathorpe Prospect, scheduled for drilling around mid-2018.

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Further to the announcement of 5 March 2018 Egdon Resources plc (AIM:EDR) is pleased to announce that it has signed a definitive Farm-out Agreement in respect to interests in PEDL253 to Union Jack Oil PLC (“UJO”, AIM: UJO) and Humber Oil & Gas Limited (“Humber”,private). PEDL253 is located in Lincolnshire and contains the Biscathorpe Prospect, scheduled for drilling around mid-2018.

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Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement on Heads of Terms in respect of a farm-out of interests in PEDL253 to Union Jack Oil PLC (“UJO”, AIM: UJO) and Humber Oil & Gas Limited (“Humber”,private). PEDL253 is located in Lincolnshire and contains the Biscathorpe Prospect, scheduled for drilling around mid-2018.

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Egdon Resources plc (AIM:EDR) can advise the forward plan for the Wressle oil field development following the decision made by the Planning Inspector issued on 4 January 2018, to reject the appeals by Egdon against the two planning refusals by North Lincolnshire Council’s Planning Committee. (more…)