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Egdon Resources PLC (EDR)

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Friday 17 January, 2020

Egdon Resources PLC

Wressle Development Appeal Granted

RNS Number : 2161A
Egdon Resources PLC
17 January 2020
 

 

             17 January 2020

EGDON RESOURCES PLC

 ("Egdon" or "the Company")

Wressle Development Granted Planning Consent on Appeal

Egdon Resources plc (AIM:EDR) is pleased to report that the Planning Inspectorate has today upheld our appeal and granted planning consent for the development of the Wressle Oil Field in North Lincolnshire licences PEDL180 and PEDL182. 

The Inspector also allowed the application for an award of costs against North Lincolnshire Council.

Mark Abbott Managing Director of Egdon Resources plc, said:

"I am delighted that the Planning Inspectorate has made this positive determination in relation to this important asset for Egdon and our JV partners.

We will now begin work on discharging the planning conditions and the detailed planning for the development works.

We will continue to keep shareholders and the local community informed."

 

For further information please contact:

Egdon Resources plc

Mark Abbott / Martin Durham                                                      01256 702 292

 

Buchanan

Ben Romney, Chris Judd                                                            020 7466 5000

 

Nominated Adviser and Joint Broker - Cantor Fitzgerald Europe                  

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

Caspar Shand Kydd (Sales)

 

Joint Broker - VSA Capital Limited

Andrew Monk (Corporate Broking)                                               020 3005 5000

Andrew Raca (Corporate Finance)

 

Notes to Editors:

Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company focused on onshore exploration and production in the hydrocarbon-producing basins of the UK. 

Egdon holds interests in 44 licences in the UK and has an active programme of exploration, appraisal  and development within its portfolio of oil and gas assets.  Egdon is an approved operator in the UK.  Egdon was formed in 1997 and listed on AIM in December 2004.

Qualified Person Review

In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies, this release has been reviewed by Mark Abbott, Managing Director of Egdon, who is a geoscientist with over 30 years' experience and is a member of the Petroleum Exploration Society of Great Britain and a Fellow of the Geological Society.  Mr Abbott has consented to the inclusion of the technical information in this release in the form and context in which it appears.

Evaluation of hydrocarbon volumes has been assessed in accordance with 2018 Petroleum Resources Management System (PRMS) prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE) and reviewed and jointly sponsored by the World Petroleum Council (WPC), the American Association of Petroleum Geologists (AAPG),  the Society of Petroleum Evaluation Engineers (SPEE), the Society of Exploration Geophysicists (SEG), the Society of Petrophysicists and Well Log Analysts (SPWLA) and the European Association of Geoscientists & Engineers (EAGE).

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

 


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