Strategy

Egdon is a UK focused energy business with an established and respected oil and gas exploration and production business and is developing opportunities for energy storage, hydrogen, geothermal and renewable generation.

UK Energy Business

Egdon is a UK focused energy business with an established and respected oil and gas exploration and production business and is developing opportunities for energy storage, hydrogen, geothermal and renewable generation.

Strategy

The company's strategy takes account of the challenges and opportunities presented by the UK's move to Net Zero carbon emissions by 2050. This, taken together with the wider economic, political and operating environment which has seen a renewed focus on indigenous energy supplies.

Net zero carbon
emission by 2050

The Company’s strategy takes account of the challenges and opportunities presented by the UK’s move to Net Zero carbon emissions by 2050. This, taken together with the wider economic, political and operating environment which has seen a renewed focus on indigenous energy supplies.

Formed
1997
Licence
-98
2022
OFEX
-00
AIM
-04
Focus on UK
2008
Net Zero carbon
2050

Our strategy has been updated to reflect these realities as follows:

Maintain geographical focus on the UK.
Focus on growth in production and revenue through conventional production, appraisal and exploration projects.
Develop energy storage, hydrogen and renewable energy projects utilising Egdon’s existing assets, knowledge of the UK’s onshore geology and core technical skills and operating experience.
Maintain our significant portfolio of shale-gas assets.

Strategy

The Board has updated the Company’s strategy to take account the opportunities and challenges presented by the wider economic and political environment and the UK’s move to Net Zero carbon emissions by 2050. We have updated the Company’s strategy as follows;

Maintain geographical focus on the UK

Focus on growth in production and revenue through conventional production, appraisal and exploration projects

Transitioning to low carbon energy

A near term focus on developing low carbon energy transition projects utilising Egdon's exisiting assets, knowledge of UK Onshore geology and core technical skills and operating experience.

Unconventional resources

Maintain and explore our significant portfolio of unconventional resources assets with the lifting of the fracking moratorium