Yearly Archives: 2011

Holding in Company

14 March 2011

The Company was notified today that, as a result of a disposal of 130,000 ordinary shares in Egdon on 14 March 2011, Andrew Hindle now holds 6,529,232 ordinary shares (with an equivalent amount of voting rights) in the Company which represents approximately 4.99 per cent. of the issued ordinary share capital of the Company.

Planning approval for Nooks Farm drilling operations

4 February 2011

Egdon Resources plc (AIM:EDR) is pleased to announce that it has been advised by Seven Star Natural Gas Ltd (“Seven Star”), the farm-in partner on Staffordshire licence PEDL141, that planning permission was granted by Staffordshire County Council for the re-entry and testing of the Nooks Farm-1A well at a planning committee meeting held on 3 February 2011. (more…)

Acquisition of UK Onshore Licence Interests from Valhalla Oil and Gas UK Limited

28 January 2011

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement to acquire the entire interest of Valhalla Oil and Gas Limited (“Valhalla”) in two onshore UK Petroleum Exploration and Development Licences (“PEDLs”). The interests to be acquired comprise 50% of PEDL180 and 50% of PEDL181, which are located in the East Midlands Petroleum Province in the County of Lincolnshire. The consideration for the acquisition will be the grant to Valhalla of a Net Profit Interest (“NPI”) of 10% of the acquired interest in each of the licences. The NPI will be payable from any revenues after recovery of allowable exploration, development and production costs. (more…)

Issue of Equity and Total Voting Rights

19 January 2011

Egdon announces that pursuant to the exercise of options granted under the Company’s Enterprise Management Incentive Scheme, 111,317 ordinary shares of 10 pence have been issued and allotted. (more…)

Board Change

18 January 2011

Egdon Resources plc (AIM:EDR) announces that Andrew Hindle is to step down from his role as a non-executive Director of the Company with effect from 1 February 2011. Andrew, along with Mark Abbott, co-founded Egdon Resources in 1997 and has been a Director since this time. He was instrumental in the development of Egdon’s gas storage business and became the CEO of Portland Gas plc (now InfraStrata plc) on its demerger from Egdon in January 2008.  Andrew has been a non-executive Director of Egdon since that time. (more…)

Oil in Markwells Wood-1 Well Confirmed

6 January 2011

The Directors of Egdon Resources plc (AIM:EDR) are pleased to note the statement made today by Northern Petroleum plc (“Northern”) the operator of the Markwells Wood-1 well in Sussex licence PEDL126, where Egdon’s wholly owned subsidiary Egdon Resources U.K. Limited holds a 10% interest. The statement read as follows: (more…)