About Egdon

Egdon was formed in 1997 by founding Directors Andrew Hindle and Mark Abbott.  The Company was awarded its first licence in the 8th Onshore Licensing Round in 1998 and became an operator in 2000, the same year that the company moved onto the OFEX market.  In 2004 Egdon listed on AIM.  In January 2008 Egdon demerged its gas storage business, Portland Gas plc, and again became a focused exploration and production business.

Objectives

The aim of the company is to add shareholder value by becoming a profitable and material full cycle exploration and production business, with a focus on onshore UK and mainland European operations.

Strategy

• The Company will remain geographically focused, with activity restricted to proven oil and gas producing areas in UK and mainland Europe
   
• The Company has a near-term drive on production and revenue growth through the development and enhancement of its existing portfolio of oil and gas discoveries
   
• The Company has a strategic objective to add value via the drill-bit through an active exploration programme
   
• Egdon will look to maintain material interests and be a licence operator where appropriate and to joint venture with respected and complementary partners
   
• The Company will continue to pursue new projects and play types to expand the breadth and quality of its opportunity base
   
• Egdon will identify and exploit new technologies and opportunities to add shareholder value