Avington Update

Egdon Resources PLC 10 February 2006 10 February 2006 For immediate release EGDON RESOURCES PLC Avington Update Egdon Resources Plc ('Egdon' or 'the Company') is pleased to announce that it has been informed by Star Energy Plc, the Operator, that it intends to begin drilling the Avington-3 appraisal well early next week. The Company has a 20% interest in Avington which is situated in licence PEDL 070 in Hampshire. The well is operated by Star with Egdon Resources Plc, Sterling Resources (UK) Ltd, YCI Resources Limited and Northern Petroleum (GB) Limited as partners. For further information please contact: Egdon resources Plc Mark Abbott, Joint Managing Director 01256 702292 Andrew Hindle, Joint Managing Director Buchanan Communications Eric Burns 01943 883 990 Ben Willey 020 7466 5000 Company Background Egdon is an established, UK-based energy company primarily focused on the hydrocarbon-producing basins of the onshore UK. Egdon also has exploration interests in the offshore UK and France. Egdon was formed in 1997 by Dr Andrew Hindle and Mark Abbott. In December 2004, Egdon's shares commenced trading on AIM, having been previously traded on Ofex since July 2000. The Company is developing two major business areas; 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; and a gas storage business initially focused on the development of a salt cavern gas storage facility on the Isle of Portland, Dorset. This information is provided by RNS The company news service from the London Stock Exchange
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