Yearly Archives: 2011

Sale of Interests in PEDL118 and PEDL203

23 December 2011

Egdon Resources plc (AIM:EDR) is pleased to report that it has reached agreement with Nautical Petroleum AG, a wholly owned subsidiary of Nautical Petroleum plc (“Nautical”), to sell 15% interests in onshore UK Petroleum Exploration and Development Licences (“PEDLs”) PEDL118 and PEDL203 located in Nottinghamshire. (more…)

Appointment of Director

9 December 2011

Egdon Resources PLC (AIM:EDR) is pleased to announce the appointment of Jerry Field as Exploration Director with immediate effect. Jerry has been employed as Exploration Manager at Egdon since February 2011. (more…)

Results of Annual General Meeting

8 December 2011

Results of Annual General Meeting

The Directors of Egdon Resources plc are pleased to announce that at the Annual General Meeting held at the offices of Buchanan at 11.30 am on 8 December 2011 all resolutions put before the meeting were duly passed. (more…)

Farm-out of interest in PEDL206

15 November 2011

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement to farm-out an interest in Nottinghamshire licence PEDL206 to Angus Energy Kelham Hills Limited (“Angus”). Under the terms of the agreement, Angus will acquire a 50 per cent interest in the licence from Egdon in return for carrying the Company for 15 per cent of the costs of two well’s or 25 per cent of the cost of a single well. The wells or well are to be drilled during the initial term of the licence, which ends on 30 June 2014. As part of the agreement Angus will also assume operatorship of the licence. Following completion, Egdon will retain a 25% interest in the licence. (more…)

Notification of Results

17 October 2011

Egdon Resources plc (AIM:EDR) the UK-based onshore exploration and production company primarily focused on the hydrocarbon-producing basins of the UK and Europe, announces that its Preliminary Results for the year ended 31 July 2011 will be announced on Monday 7 November 2011. (more…)

Completion of Sale of Interests in the Avington Oilfield

21 September 2011

Further to the announcement on 1 August 2011 and following approval by the Department of Energy and Climate Change, Egdon is pleased to report the completion of the sale of a 10% interest in the Avington oil field under licence PEDL070, for a consideration of ¬£400,000 in cash. (more…)

Resumption of Ceres Production

20 September 2011

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).

Markwells Wood-1 Testing Update

7 September 2011

Egdon Resources plc (EDR:AIM) note the release made today by Northern Petroleum plc (“Northern”) advising that it has started operations for an extended well test of the Markwells Wood-1 oil discovery in West Sussex licence PEDL126 where Egdon hold a 10% interest. (more…)