PEDL 180 and PEDL 201

RNS Number : 3458I

Egdon Resources PLC

29 May 2014

 

For Immediate Release

29 May 2014 

EGDON RESOURCES PLC

("Egdon" or "the Company")

PEDL 180 and PEDL 201

Egdon Resources plc (AIM:EDR) notes the announcement today by Europa oil and gas that the Wressle-1 well on licence PEDL 180 will spud in July 2014 at which point the Company will provide a further update. Egdon has a 25% interest in, and is operator of PEDL 180. 

Egdon also notes the resource assessment announced today by Union Jack Oil plc in respect of the northern parts of PEDL 201. Egdon has a 32.50% interest in, and is operator of PEDL 201.

For further information please contact:

Egdon Resources plc

Mark Abbott, Jerry Field                                                          01256 702 292

Buchanan

Richard Darby, Anna Michniewicz                                          020 7466 5000

Nominated Adviser and Broker - Cantor Fitzgerald Europe

David Porter, Tom Sheldon (Corporate Finance)                  020 7894 7000

Richard Redmayne (Corporate Broking)

Joint Broker - VSA Capital Limited

Andrew Monk, (Corporate Broking)                                        020 3005 5000

Andrew Raca (Corporate Finance)

Notes to Editors:

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 France. 

Egdon currently holds interests in twenty-seven 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.

 

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