Board Changes

RNS Number : 6214Z

Egdon Resources PLC

18 January 2011

 



For immediate release                                                                                 18 January 2011                                                                  

EGDON RESOURCES PLC

("Egdon" or "the Company")

Board Change

Egdon Resources plc (AIM:EDR) announces that Andrew Hindle is to step down from his role as a non-executive Director of the Company with effect from 1 February 2011.   Andrew, along with Mark Abbott, co-founded Egdon Resources in 1997 and has been a Director since this time.  He was instrumental in the development of Egdon's gas storage business and became the CEO of Portland Gas plc (now InfraStrata plc) on its demerger from Egdon in January 2008.  Andrew has been a non-executive Director of Egdon since that time.

Commenting on Andrew's resignation, Philip Stephens, the Chairman of Egdon Resources said:

"On behalf of the Board I would like to offer my thanks to Andrew for his significant contribution to the development of Egdon over the last thirteen years.  In his role as a non-executive Director over the past three years his contribution has always been constructive and informative.  Andrew believes that now is the time for him to concentrate on InfraStrata and we wish him every success with these endeavours".

For further information please contact:

Egdon Resources plc

Mark Abbott                                                                                         01256 702292

Buchanan Communications

Richard Darby, James Strong, Gabriella Clinkard                     020 7466 5000

Nominated Adviser and Broker - Seymour Pierce

Jonathan Wright, Jeremy Porter (Corporate Finance)              020 7107 8000

Richard Redmayne (Corporate Broking)

Notes to Editors:

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 one 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 was formed in 1997 and listed on AIM in December 2004.

www.egdon-resources.com 

In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies, the information contained in this announcement has been reviewed and signed off by the Managing Director of Egdon Resources plc Mark Abbott, a Geoscientist with over 23 years' experience.

 

END

 

 

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