About Egdon
Egdon was formed in 1997 and awarded its first licence in 1998. In 2000 Egdon gained its first operated licence and tlisted on the OFEX market. In 2004 Egdon listed on AIM. In January 2008 Egdon demerged its gas storage business, Portland Gas plc (now renamed Infrastrata), and again became a focused exploration and production business.
Objectives
The aim of the Group is to add shareholder value by building a profitable and material full cycle exploration, production and energy business, with a focus on onshore operations.
Strategy
The Company will look to increase shareholder value by:- Growing near-term revenues through investment in production, development and appraisal projects
- A focus on fewer, higher impact exploration opportunities
- Broadening and strengthening the asset and opportunity base of the Company through licence applications, targeted acquisitions and innovative deal making
- Proactively managing the portfolio to maximise returns and manage risk
- Looking to extract shareholder value from emerging non-conventional hydrocarbon plays