Licence Extension PEDL181

RNS Number : 5300X

Egdon Resources PLC

13 January 2014

 



                                                                                                                  13 January 2014                                     

EGDON RESOURCES PLC

("Egdon" or "the Company")

Licence Extension PEDL181

Egdon Resources plc (AIM:EDR) notes the announcement made today by Europa Oil and Gas ("Europa") as operator of Petroleum Exploration and Development Licence PEDL181 advising that the Department of Energy and Climate Change has granted an extension of the Initial Term of the licence of 12 months  to 30 June 2015.  Europa also provided a technical update on the licence and advised of the intention to progress plans for the drilling of an exploration well on the Kiln Lane Prospect.  Egdon holds a 25% interest in the PEDL181 Licence.

For further information please contact:

Egdon Resources plc

Mark Abbott, Jerry Field                                                                      01256 702292

Buchanan

Richard Darby, Gabriella Clinkard, Tom Hufton                            020 7466 5000

Nominated Adviser and Broker - Cantor Fitzgerald Europe

David Porter, Rick Thompson (Corporate Finance)                     020 7894 7000

Richard Redmayne (Corporate Broking)

Notes to Editors:

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 France. 

Egdon currently holds interests in thirty 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.

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 26 years' experience.

 

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