Yearly Archives: 2019

Wressle Development Public Inquiry Concluded

8 November 2019

Egdon Resources plc (AIM:EDR) is pleased to provide an update on the Wressle Development Public Inquiry.

The Wressle Development Public Inquiry concluded yesterday, having commenced on 5 November 2019 in Scunthorpe, Lincolnshire.  The inquiry lasted just three days, including a site visit, instead of the planned six days.  As previously announced North Lincolnshire Council presented no evidence against the appeal. An application for costs has also been submitted.

With a general election underway and resultant Planning Inspectorate purdah we expect a verdict on our appeal after 12 December 2019 but probably before the end of the year.

Commenting, Mark Abbott, Managing Director of Egdon Resources plc, said:

“We presented a very strong case, supported by detailed evidence and agree with the conclusions of the Council’s own professional planning officer. This was reinforced by an expert third party review undertaken on behalf of the Council, who recommended our revised application for approval ahead of the November 2018 decision.”

P1929 and P2304 Farm-out Exclusivity Agreement

4 November 2019

Egdon Resources plc (AIM:EDR) is pleased to provide an update on the farm-out process in relation to the Resolution and Endeavour gas discoveries in UK offshore licences P1929 and P2304 respectively. Egdon subsidiary, Egdon Resources U.K. Limited (‘ERUK’), is the operator and currently holds a 100% interest in both licences.

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Operations Update

1 October 2019

Egdon Resources plc (AIM:EDR) is pleased to provide an update on production and operations following the end of the Company’s 2018-2019 financial (“FY2019”) on 31 July 2019.   The Company’s preliminary results are scheduled to be announced on 19 November 2019. (more…)

Springs Road Update – Resource Density in Bowland Shales

12 September 2019

Egdon Resources plc is pleased to note the announcement made this morning by IGas Energy plc (“IGas”) of its First Half 2019 Results and associated presentation which provides further details of results from the analysis of whole core from the Springs Road-1 (“SR  01”) well on licence PEDL140, in which Egdon holds a 14.5% interest. (more…)

PEDL143 Update

20 August 2019

Egdon Resources plc notes the announcement made this morning by UK Oil & Gas PLC (“UKOG”) concerning a two year extension of PEDL143 in the Weald Basin where Egdon has an 18.4% interest: (more…)

Wressle Planning Appeal Update

29 July 2019

Egdon Resources plc (AIM: EDR) notes the movement in its share price and the speculation surrounding the Wressle Oil Field.  As notified on 29 April 2019, the planning inquiry to hear the Company’s appeal against the refusal of planning consent for the development of the Wressle Oil Field by North Lincolnshire Council’s Planning Committee is scheduled to commence on 5 November 2019.  (more…)

Biscathorpe-2 Well Results Update

15 July 2019

Egdon Resources plc (AIM:EDR) is pleased to provide a positive update in respect of the Biscathorpe-2 exploration well drilled in Petroleum Exploration and Development Licence PEDL253, located in Lincolnshire, where Egdon holds a 35.8% interest.   (more…)