Result of Exploration Well

Egdon Resources PLC
13 February 2008


For Immediate Release                                         13th February 2008


                              EGDON RESOURCES PLC
                           ('EGDON' or 'the Company')


                      Result of Grenade-3 Exploration Well


Egdon Resources Plc (AIM:EDR) the onshore focused energy company today provides
an update on the results of the Grenade-3 exploration well drilled in the St
Laurent Permit of SW France where the Company holds a 33.423% operated interest.


The Grenade-3 well spudded on 10 January 2008 and reached a total depth of 2310
metres on 10 February. The target 'Vraconian' limestone interval was penetrated
21m up-dip of the Grenade-1 discovery well. However, coring and logging have
indicated that the target interval had no effective porosity and as such was not
hydrocarbon bearing. The Grenade-3 well has therefore been suspended whilst
detailed analysis is undertaken of the core data and the results incorporated
into the field model. The option has been retained to target other areas of the
Grenade prospect via a sidetrack from the Grenade-3 well.


The Grenade-3 well was drilled as a 1.6 kilometre step-out to Grenade-1, drilled
by Elf in 1975 which found a 97m column of 10 degree API oil. The Grenade heavy
oil accumulation is mapped as a three-way up-dip pinch-out of the reservoir on a
low energy carbonate platform. Grenade-3 has defined the eastern limit of
reservoir development within the structure although potential still exists to
the west and south around the Grenade-1 well and also northwards towards the
Maurrin-1 well.


Commenting on the well Egdon's Managing Director Mark Abbott said:


'The lack of reservoir development in the Grenade-3 well is disappointing but
has defined the eastern limit of the Grenade stratigraphic trap. We will now
incorporate the results of this well into our geological and commercial models
prior to determining any future work programme. Egdon remain committed to
exploration in France and will be focusing on understanding the implications of
this well and also progressing our evaluation of the multi-TCF potential
Audignon Anticline gas prospect also within the St Laurent Permit.'


For further information please contact:


Egdon Resources Plc
Mark Abbott, Joint Managing                                     01256 702 292
Director

Buchanan Communications
Ben Willey                                                      020 7466 5000
Nicholas Melson

Seymour Pierce
Jonathan Wright                                                 020 7107 8000



Notes to Editors:


The co-venturers in the St Laurent Permit are as follows:

Company                                  Interest
Egdon Resources (New Ventures) Ltd        33.423%
Sterling Resources UK Limited             33.423%
Nautical Petroleum plc                    22.000%
Malta Oil and Gas Limited                 11.154%


Company Background


Egdon Resources plc, the oil and gas exploration and production company focussed
on the onshore UK and mainland Europe. Egdon has a balanced portfolio of
development, appraisal and exploration projects in over 20 licences, all in
proven oil and gas producing basins in the UK and France


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 Mark Abbott, a Geoscientist with over
21 years experience.






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