Wressle Update – Oil Storage Consent

26 May 2021

Egdon Resources plc (AIM: EDR, “Egdon”) is pleased to advise that it has received consent from North Lincolnshire Council for the storage of crude oil under the Planning (Hazardous Substances) Regulations 1992 at its Wressle Oil Field Development (“Wressle”) located in North Lincolnshire, covered by Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest.

This consent allows full use of the installed oil storage capacity at the site of approximately 2000 barrels and will enable  the full production to be realised following from the proppant squeeze, which is expected to increase overall production to 500 barrels of oil per day (150 barrels net to Egdon).  

Commenting on the news Mark Abbott, Managing Director of Egdon Resources said;

“We are pleased to have received this final consent, which will allow the full production potential of Wressle to be realised following the proppant squeeze operation which is planned to be undertaken during June 2021.”