Planning Decision - Holmwood-1 Exploration Well

RNS Number : 3390H

Egdon Resources PLC

26 May 2011

 



For Immediate Release

26 May 2011

EGDON RESOURCES PLC

("Egdon" or "the Company")

Planning Decision - Holmwood-1 Exploration Well

The Board of Egdon Resources plc (AIM:EDR) notes the release made today by Europa Oil and Gas (Holdings) plc ("Europa") advising of yesterday's decision of the Planning Committee of Surrey County Council to refuse planning permission for the UK onshore Holmwood-1 exploration well.

Europa also advised that the combination of the very close voting result and the recommendation by the Planning Officers to allow the drilling, following an exhaustive review of the application, gives the Directors and partners sufficient justification to appeal this decision on the grounds that the decision to refuse was not made purely on the facts of the case.

Holmwood is situated in PEDL143 where Egdon holds a 38.4% interest.   The joint venture partners are Europa Oil & Gas Ltd (Operator) (40%), Warwick Energy (20%) and Altwood Petroleum Limited (1.6%).

For further information please contact:

Egdon Resources plc Mark Abbott	01256 702292 www.egdon-resources.com
Buchanan Communications Richard Darby, James Strong, Gabriella Clinkard	020 7466 5000
Nominated Adviser and Broker - Seymour Pierce Jeremy Porter, Sarah Jacobs (Corporate Finance) Richard Redmayne (Corporate Broking)	020 7107 8000

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 31 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 25 years' experience.

 

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