Egdon Resources PLC
10 February 2006
10 February 2006
For immediate release
EGDON RESOURCES PLC
Avington Update
Egdon Resources Plc ('Egdon' or 'the Company') is pleased to announce that it
has been informed by Star Energy Plc, the Operator, that it intends to begin
drilling the Avington-3 appraisal well early next week.
The Company has a 20% interest in Avington which is situated in licence PEDL 070
in Hampshire.
The well is operated by Star with Egdon Resources Plc, Sterling Resources (UK)
Ltd, YCI Resources Limited and Northern Petroleum (GB) Limited as partners.
For further information please contact:
Egdon resources Plc
Mark Abbott, Joint Managing Director 01256 702292
Andrew Hindle, Joint Managing Director
Buchanan Communications
Eric Burns 01943 883 990
Ben Willey 020 7466 5000
Company Background
Egdon is an established, UK-based energy company primarily focused on the
hydrocarbon-producing basins of the onshore UK. Egdon also has exploration
interests in the offshore UK and France.
Egdon was formed in 1997 by Dr Andrew Hindle and Mark Abbott. In December 2004,
Egdon's shares commenced trading on AIM, having been previously traded on Ofex
since July 2000. The Company is developing two major business areas; an oil and
gas exploration and production business which has a portfolio of twenty
exploration licences containing identified oil and gas prospects ranging from
discoveries under appraisal through to higher risk but higher reward 'wild cat'
exploration prospects; and a gas storage business initially focused on the
development of a salt cavern gas storage facility on the Isle of Portland,
Dorset.
This information is provided by RNS
The company news service from the London Stock Exchange
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