Resumption of Ceres Production

RNS Number : 5266O

Egdon Resources PLC

20 September 2011

 



For Immediate Release                                                             20 September 2011                                                                             

EGDON RESOURCES PLC

("Egdon" or "the Company")

Resumption of Ceres Production

Egdon Resources plc (EDR:AIM) is pleased to advise that gas production resumed from the Ceres gas field on 17 September 2011, following prolonged maintenance shut-down of the BP Cleeton Platform and associated infrastructure.  Total field production is initially expected to be around 21 million cubic feet of gas per day.  Egdon holds a 10% interest in Ceres and net Egdon production after Backout (the allocation of Ceres gas to replace the production at the Mercury and Neptune fields which have been shut-in to allow Ceres production) is expected to be around 1.2 million cubic feet of gas per day (200 barrels of oil equivalent per day).  

For further information please contact:

Egdon Resources plc

Mark Abbott                                                                                           01256 702292

                                                                                                                 www.egdon-resources.com

Buchanan

Richard Darby, James Strong, Gabriella Clinkard                       020 7466 5000

Nominated Adviser and Broker - Seymour Pierce

Jeremy Porter, Sarah Jacobs (Corporate Finance)                      020 7107 8000

Richard Redmayne (Corporate Broking)

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 29 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.

 

END

 

 

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