Egdon Resources plc (AIM: EDR) is pleased to announce that at the Annual General Meeting held at 11.30 hours today all the resolutions proposed in the notice of the meeting were duly passed.

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Egdon Resources plc (AIM: EDR, “Egdon”) is pleased to provide an update on operations at the Wressle Oil Field Development (“Wressle”) located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest.

Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been completed safely and successfully as per the previously advised schedule. 

Following the reperforation and its successful communication with the Ashover Grit reservoir interval free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is currently in the normal clean-up phase as the well is carefully brought on-stream.

The Company will provide a further detailed update when flow rates have stabilised on completion of clean-up.

Produced oil from Wressle will be transported by road tanker to the Phillips 66 Humber refinery and sold under Egdon’s existing oil sales contract.

Recent photographs and video footage of the Wressle site can be found on Egdon’s Twitter feed @EgdonResources.

Egdon Resources plc (AIM: EDR) is pleased to announce that at the General Meeting held at 10.00 hours today Shareholders approved all the resolutions proposed in the notice of general meeting contained in the Circular sent to Shareholders dated 6 January 2021.

View or download Result of General Meeting full press release

Egdon Resources plc (AIM: EDR, “Egdon”) provides an update on progress to first oil at the Wressle Oil Field Development (“Wressle”). Wressle is located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest.

Egdon can report that the workover rig and associated services and equipment were successfully mobilised to site during the week commencing 4 January 2021 and that operations to recomplete and reperforate the well have commenced.  Operations are expected to be completed to enable the Ashover Grit reservoir to be flowed prior to the end of January 2021 as previously advised.

The Ashover Grit reservoir is expected to produce at a constrained rate of 500 barrels of oil per day (“bopd”) increasing Egdon’s production by 150 bopd when fully on stream.

Recent photographs and video footage of the Wressle site can be found on Egdon’s Twitter feed @EgdonResources.

Egdon Resources plc (AIM: EDR, “Egdon”) provides an update on the timing of the 3D seismic survey over the Resolution gas discovery in offshore licences P1929 and P2304.

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