Drilling Update

Egdon Resources PLC
27 November 2007



27 November 2007                                          For Immediate Release

                              EGDON RESOURCES PLC

                           ('EGDON' or 'the Company')

              Commencement of drilling operations at 42/27a-3 well

Egdon Resources Plc (AIM:EDR) is pleased to announce the commencement of
drilling operations at the 42/27a-3 exploration well located in RWE Dea UK
Limited operated licence P.1054 which covers block 42/27a. Egdon holds a 10%
interest in the well.

Drilling operations commenced at 16.36 hours on the 21 November 2007. The 42/
27a-3 well is located some 20 kilometres east-south-east of Flamborough Head.
The well will test the Tees Prospect, a Lower Permian Leman Sandstone structural
closure mapped on proprietary 3D seismic data. The well will be drilled to a
planned total depth of around 3210 metres and will take around 54 days to drill.

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

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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