Egdon was formed in 1997 and awarded its first licence in 1998. In 2000 Egdon gained its first operated licence and listed 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.

Egdon Timeline

1997 Egdon formed by Andrew Hindle and Mark Abbott

1998 First licence awarded in Wessex Basin

1999 First French licence awarded

2000 Listed on OFEX market and raised first equity

2000 First licence awarded as operator

2003 Drilled first exploration well – West Compton-1 in Wessex Basin

2004 Completed first operated well – Waddock Cross-2

2004 Listed on AIM

2006 Acquisition of Keddington oil field = first operated production

2008 Demerger of gas storage business “Portland Gas” (now InfraStrata)

2008 Drilled first French operated exploration well – Grenade-3

2010 Acquisition of EnCore UK and France asset package

2010 Sale of French subsidiary to eCORP

2013 Confirmation of Gainsborough Trough Shale-Gas Resource and low cost acreage acquisitions

2014 Farm-out/Opt-in to Total validates Gainsborough Trough shale-gas play

2014 Acquisition of Certain Alkane Energy UK Exploration acreage, associated £7m placing and open offer transforms Egdon into a significant shale-gas acreage holder