Re: Planning Application

Egdon Resources PLC
29 March 2007





29 March 2007


For Immediate Release





                              EGDON RESOURCES PLC



     Submission of Planning and Pipeline Authorisation Applications for the

                          Portland gas storage project



Egdon Resources Plc ('Egdon'), the onshore UK focused energy company, is pleased
to announce that its wholly-owned subsidiary, Portland Gas Storage Limited ('
Portland Gas') has submitted today a series of applications to seek permission
to build a natural gas storage facility on the Isle of Portland and for the
other infrastructure necessary to take and return gas to National Grid's
Transmission System.



Portland Gas has submitted a total of seven applications; a pipeline
construction authorisation application submitted to the Department of Trade and
Industry and a further six planning applications submitted to Dorset County
Council.



The six planning applications comprise:



  • The salt cavern gas storage facility at Upper Osprey, Isle of Portland.



  • A brine wellsite at Stafford Farm, near West Stafford, adjacent to the gas
    pipeline, to store the brine used to compensate gas injection and withdrawal
    in the caverns. A separate brine pipeline will run to Portland from the
    site.



  • An above ground installation at Mappowder, the connection to the National
    Grid, together with an adjacent temporary pipe storage area to be used
    during pipeline construction.



  • A block valve station on the gas pipeline near Osmington.



  • Two further temporary pipe storage areas and contractors' temporary
    facilities close to the proposed pipeline route.





Portland Gas plans to create a sub-surface natural gas storage facility beneath
the north east corner of the Isle of Portland. The proposed development would
involve creating 14 storage caverns, at a depth of 2,400 metres, in a layer of
thick rock salt.   The facility is expected to be capable of storing 1,000
million cubic metres (35 billion cubic feet) of natural gas (equivalent to 1% of
the UK's total annual demand) and deliver 20 million cubic metres of gas per day
from storage (equivalent to 5% of typical UK winter demand).



Assuming construction commences in the fourth quarter of 2007, the pipeline
would be laid in 2009, with first gas stored for the winter of 2010 on
completion of the surface facilities. All the storage space would be available
for the winter of 2013.



Commenting on the submission, Andrew Hindle, Managing Director of Portland Gas,
said 'We are delighted to have completed the Environmental Impact Assessment for
the project and drawn up a comprehensive Environmental Statement which
accompanies the planning applications. It follows a significant two year effort
by a large dedicated team of environmental consultants. The environmental team
has worked closely with the technical team and both have held regular and
invaluable informal meetings with the planning authorities and key Government
agencies. This has enabled the project design to be steered towards the most
environmentally acceptable solution.'



For further information please contact:



Egdon resources Plc



Andrew Hindle, Joint Managing Director                    01256 702 292

Mark Abbott, Joint Managing Director




Buchanan Communications



Eric Burns                                               01943 883 990
                                                  
Ben Willey                                               020 7466 5000



Seymour Pierce



Jonathan Wright                                          020 7107 8000

Jeremy Porter



Notes to Editors:



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 is developing two distinctive businesses:



•                     An oil and gas exploration and production business which
has a portfolio of twenty exploration licences containing identified oil and gas
prospects ranging from discoveries under appraisal through to higher risk but
higher reward 'wild-cat' exploration prospects.



•                     A gas storage business initially focused on the
development of a major salt cavern gas storage facility beneath the Isle of
Portland, Dorset.



In 2006, Egdon announced plans to demerge the two businesses during 2007.



Portland Gas Storage Limited



Portland Gas Storage Limited will own and operate the Portland gas storage
facility. It is one of a group of companies owned by Portland Gas Limited, a
wholly owned subsidiary of Egdon Resources Plc. The Portland Gas group of
companies, initially set up to develop the Portland project, will seek to make a
significant contribution to the UK's energy infrastructure and acquire and
develop a portfolio of gas storage assets in the UK and internationally.



A description of the Portland gas storage project can be found at the new
Portland Gas website www.portland-gas.com, from where a copy of the
Environmental Statement Non-Technical Summary can be downloaded.










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