Commencement of Well

Egdon Resources PLC
16 November 2007



16 November 2007                                           For Immediate Release

                              EGDON RESOURCES PLC

                           ('EGDON' or 'the Company')

             Commencement of drilling operations at Burton Agnes-1

Egdon Resources Plc the onshore UK focused energy company, is pleased to
announce the commencement of drilling operations at the Burton Agnes-1
exploration well located in Egdon's operated North Yorkshire licence PEDL071
where the company holds a 25% interest.

Drilling operations commenced on the Burton Agnes-1 well at 15:30 hours on the
15th November. The well will test the Fraisthorpe Prospect where the primary
reservoir objective is the Lower Permian Leman Sandstone in an area where this
Southern North Sea gas reservoir extends onshore. The well is located near to
Bridlington and some 7 kilometres to the south of the Caythorpe gas field which
produces from the same formation. The prospect is mapped as containing gas in
place of up to 56 billion cubic feet. Secondary reservoir objectives exist
within the overlying Zechstein carbonates and deeper Carboniferous sandstones.

The well, which will be drilled directionally to a planned total depth of around
2000 metres, will take around 40 days to drill. Egdon's share of the costs of
the drilling and any subsequent testing of the well will be largely carried.

For further information please contact:

Egdon Resources Plc
Mark Abbott, Joint Managing Director                             01256 702 292
Andrew Hindle, Joint Managing Director                           0208 332 1200

Buchanan Communications
Ben Willey                                                       020 7466 5000
Nicholas Melson

Seymour Pierce
Jonathan Wright                                                  020 7107 8000

Notes to Editors:

The co-venturers in the PEDL 071 licence are as follows:

Company                                                               Interest
Egdon Resources Plc (Operator)                                            25.0%
Sterling Resources (UK) Limited                                           20.0%
Gas Plus E&P UK Limited                                                   17.5%
Gas Plus O&G UK Limited                                                   17.5%
Granby Enterprises Limited                                                10.0%
Montrose Industries Limited                                               10.0%
                                                                         100.0%

Company Background

Egdon is an established, UK-based energy company primarily focused on the
onshore UK. Egdon also has exploration interests in the offshore UK and France.
Egdon's shares are traded on the AIM market.

The Company has developed two distinctive businesses; an oil and gas exploration
and production business which has a portfolio of twenty exploration licences,
and a gas storage business initially focused on the development of a major salt
cavern gas storage facility on Portland, Dorset.

Egdon plans to demerge the two businesses in January 2008.

In accordance with AIM rules - guidance for mining, oil and gas companies, the
information contained in this announcement has been reviewed and signed off by
the Joint Managing Director of Egdon Resources Mark Abbott, a Geoscientist with
over 21 years experience.




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