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 Harland and Wolf), and again became a focused exploration and production business.
Egdon timeline
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Egdon formed by Andrew Hindle and Mark Abbott
First licence awarded in Wessex Basin
First French licence awarded
Listed on OFEX market and raised first equity
First licence awarded in Wessex Basin
Drilled first exploration well – West Compton-1 in Wessex Basin
Completed first operated well – Waddock Cross-2
Listed on AIM
Acquisition of Keddington oil field = first operated production
Demerger of gas storage business “Portland Gas” (now InfraStrata)
Drilled first French operated exploration well – Grenade-3
Acquisition of EnCore UK and France asset package
Sale of French subsidiary to eCORP
Confirmation of Gainsborough Trough Shale-Gas Resource and low cost acreage acquisitions
Farm-out/Opt-in to Total validates Gainsborough Trough shale-gas play
Acquisition of Certain Alkane Energy UK Exploration acreage, associated £7m placing and open offer transforms Egdon into a significant shale-gas acreage holder
Operated Wressle oil Discovery
Successful Wressle testing
14th Round Awards
48TCF of mean of undiscovered shale gas initially in place assessed by ERC Equipoise
Planning consent received for first, non-operated, shale gas exploration wells at Springs Road, Misson, Nottinghamshire
Acquisition of Fiskerton Airfield producing oil field
Petrichor acquires increased interest in Egdon Resources, Biscathorpe site construction commenced, Ceres field primary production restarted
Successful completion of basin opening shale and tight gas exploration well Springs Road-1 in the Gainsborough Trough
Approval on appeal of the Wressle development and farm out of Resolution and Endeavour gas discoveries to Shell
Wressle onstream Ashover Grit under test production since February 2021 under natural flow and after a proppant squeeze the forecast full production rate of 500 b/d was achieved in August 2021.
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