Wressle Development Public Inquiry Concluded
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.”
Government Moratorium on Hydraulic Fracturing for shale-gas
Egdon Resources plc (AIM:EDR) notes the announcement by government that it will introduce a temporary moratorium on hydraulic fracturing for shale gas. (Read more…)
P1929 and P2304 Farm-out Exclusivity Agreement
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.
Operations Update
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. (Read more…)
Springs Road Update – Resource Density in Bowland Shales
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. (Read more…)