Director/PDMR Shareholding

RNS Number : 7013V

Egdon Resources PLC

05 November 2010

 

Egdon Resources plc ("Egdon" or the "Company")

Director Shareholdings

The Company was informed on 4 November 2010 that Mark Abbott, Managing Director, yesterday purchased 133,842 ordinary shares in the Company at a price of 13 pence each via his SIPP.  Mr Abbott's total beneficial shareholding in the Company is now 7,238,648 ordinary shares, representing 5.54% of the issued share capital of the Company.

The Company was also informed yesterday that Walter Roberts, a non-executive Director, yesterday purchased 100,000 ordinary shares in the Company at an average price of 13.69 pence in the name of his minor daughter.  Mr Roberts' total beneficial shareholding in the Company is now 1,291,750 ordinary shares, representing 0.99% of the issued share capital of the Company.

Enquiries:

Egdon Resources plc

Mark Abbott, Managing Director                      01256 702292

Buchanan Communications

Richard Darby, James Strong                            020 7466 5000

Nominated Adviser and Broker - Seymour Pierce

Jonathan Wright, Richard Redmayne                 020 7107 8000

Notes to Authors

Egdon Resources plc

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and Europe.

Egdon currently holds interests in thirty five licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets.  Egdon is an approved operator in both the UK and France.

Egdon has production from the Keddington and Kirklington oil fields in the East Midlands and the Avington oil field in Hampshire. Further oil and gas production is anticipated from Kirkleatham and Ceres in 2010 and Waddock Cross in 2011.

On completion of the acquisition of Encore E&P Limited, Egdon will acquire a further two permits onshore France.

Egdon has announced a disposal of its French subsidiary to eCORP.  This will result in two French permits being transferred from Egdon ownership on completion which is expected shortly.

Egdon Resources plc listed on AIM in January 2008, following the demerger of its gas storage business, Portland Gas plc (now renamed Infrastrata plc). The pre-demerged business was formed in 1997 and listed on AIM in December 2004.

www.egdon-resources.com

 

END

 

 

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