Extension to Licence PEDL143

RNS Number : 4788E

Egdon Resources PLC

21 December 2009

 



For immediate release

21 December 2009

EGDON RESOURCES PLC 

("Egdon" or "the Company")

Extension to Licence PEDL143

The Management of Egdon Resources plc (AIM:EDR) have been advised by Europa Oil and Gas, the operator of Weald Basin licence PEDL143, that the Department of Energy and Climate Change has agreed to a two year extension of the licence to October 2012.

The licence extension is in response to the time taken to complete the planning process for the Holmwood-1 exploration well. The operator has also advised that Surrey County Council Planning Department should be in a position to submit their recommendation to the Council Planning Committee in March 2010, and dependent upon a positive outcome to this application, a well could be drilled in late 2010 or early 2011

For further information please contact:

Egdon Resources plc

Mark Abbott Managing Director                                     01256 702292

Buchanan Communications

Ben Willey, Miranda Higham                                         020 7466 5000

Nominated Adviser and Broker - Seymour Pierce

Jonathan Wright, Sarah Jacobs, Richard Redmayne        020 7107 8000

Company Background

Egdon Resources plc 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 holds interests in twenty four 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 Eakring-Dukes Wood, Waddock Cross and Kirkleatham in 2010. 

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

www.egdon-resources.com

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 Managing Director of Egdon Resources plc Mark Abbott, a Geoscientist with over 23 years experience.

 

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