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Egdon Resources plc (AIM:EDR) announces that its Interim Results for the six months ended 31 January 2018 will be released on Tuesday, 17 April 2018.An audiocast of the Results Presentation will be available on the Company’s website from 7am GMT on 17 April 2018.

Further to the announcement of 5 March 2018 Egdon Resources plc (AIM:EDR) is pleased to announce that it has signed a definitive Farm-out Agreement in respect to interests in PEDL253 to Union Jack Oil PLC (“UJO”, AIM: UJO) and Humber Oil & Gas Limited (“Humber”,private). PEDL253 is located in Lincolnshire and contains the Biscathorpe Prospect, scheduled for drilling around mid-2018.Under the terms already announced, UJO and Humber will each acquire 6% of Egdon’s interest in PEDL253 by paying their pro-rata share of the Biscathorpe-2 well cost plus an additional £10,000 per percentage point interest acquired. This is equivalent to a farm-in with a 1.36 times promote at the estimated well cost. UJO and Humber will also each acquire 4% of Montrose Industries Limited’s interest in PEDL253 under the same terms.The transaction remains subject approval from the Oil and Gas Authority. On completion the interests in PEDL253 will become:Egdon Resources U.K. Limited (Operator)40.80% (29.31% share of well cost*)Montrose Industries Limited. 27.20% (19.54% share of well cost*)Union Jack Oil Plc 22.00% (37.57% share of well cost*)Humber Oil & Gas Limited 10.00 % (13.57% share of well cost*)* at the current estimated well cost

Egdon Resources plc (AIM:EDR) notes the release made this morning by Europa Oil and Gas (Holdings) plc (“Europa”) in respect of PEDL143 where Egdon holds an 18.4% interest. Europa included the following statements;“Europa Oil & Gas (Holdings) plc, the AIM traded Ireland and UK focused oil and gas exploration, development and production company, is pleased to provide a planning update regarding the Holmwood oil exploration prospect (‘Holmwood’) on licence PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey. Europa is operator of PEDL 143 in which it holds a 20% interest. As previously advised in the Company’s announcement of 19 October 2017, Surrey County Council’s Planning and Regulatory Committee met on 18 October 2017 in connection with a conventional oil exploration well to test the Holmwood prospect. The Committee resolved to defer a decision on Condition 19 (Construction Traffic Management Plan) of the planning permission granted on 7 August 2015. Europa considers that the Construction Traffic Management Plan as submitted to SCC on 21 September 2017 for approval satisfactorily meets the requirements of Condition 19. Europa will shortly submit an appeal (‘the Appeal’) to the Planning Inspectorate against the refusal of Surrey County Council to approve the Construction Traffic Management Plan and discharge Condition 19.Europa will also resubmit the Construction Traffic Management Plan to SCC for their consideration (‘the Resubmittal’). In parallel with this Europa will undertake additional consultations with Parish Councils and residents of Coldharbour Lane to provide further information regarding the Traffic Management Plan.The Resubmittal and the Appeal form part of a dual track approach that Europa and its partners believe provides the best opportunity for a successful planning outcome and which will enable the discharge of Condition 19.”

The Directors of Egdon Resources plc are pleased to announce that at the Annual General Meeting held at the offices of Norton Rose Fulbright on 7 December 2017, all resolutions put before shareholders at the meeting were duly passed.

 Annual General Meeting Voting Results and Proxy Appointments 2017

At the meeting, Managing Director Mark Abbott presented a review of the business. The presentation will be available and can be accessed from the Company's website: www.egdon-resources.com. 

Egdon notes that the operator Europa Oil & Gas (Holdings) plc, made the following RNS Reach announcement on 19 February 2018 concerning the Holmwood Exploration well where Egdon has an 18.4% carried interest:“Europa Oil & Gas (Holdings) plc, the UK and Ireland focused exploration, development and production company, is pleased to note a draft decision advertisement issued by the Environment Agency on 15 February (http://bit.ly/2C3rPDh ) that it is inclined to award a bespoke environmental permit for drilling and testing the Holmwood exploration well in PEDL 143 at Bury Hill Wood, Coldharbour Lane, Surrey. Further information can be found on the Environment Agency website http://bit.ly/2Eu00ph.A four-week public consultation process runs from 15 February to 15 March. The Environment Agency issued a press release on 16 February regarding the consultation process. For further information, follow this link:  http://bit.ly/2Buoa05 . Hugh Mackay CEO said “We are pleased to have reached this important stage in the environmental permitting process. Whilst we are still in the determination process and a final decision has not been made, it is nonetheless positive that the Environmental Agency is inclined to approve.  We look forward to the outcome of the consultation process and will keep shareholders updated.”"

Egdon Resources plc (AIM:EDR) can advise the forward plan for the Wressle oil field development following the decision made by the Planning Inspector issued on 4 January 2018, to reject the appeals by Egdon against the two planning refusals by North Lincolnshire Council’s Planning Committee.

• Having taken legal and planning advice and having fully considered the specific reasons for rejection of the appeals as set out by the Inspector in his Decision Notice, the Company can advise that it will now:Prepare and submit a new planning application to North Lincolnshire Council seeking its consent for the Wressle oil field development. This application, which will be submitted prior to the expiry of the current planning consent, will address in detail all matters highlighted by the Inspector in his Decision Notice to dismiss the appeals; and

• Prepare and submit a new application to North Lincolnshire Council to extend the current planning consent (which now expires on 28 April 2018 following our successful appeal) to ensure that North Lincolnshire Council has sufficient time for consideration of the new application and to maintain consent for the current site.

We remain fully prepared to take these new planning applications through the appeals process should they be delayed or refused.In addition, we continue to take legal advice in respect of the Decision Notice.Mark Abbott, Managing Director of Egdon Resources plc, said:“Egdon and its joint venture partners remain fully committed to the Wressle project and the proposed new application will address the limited reasons for refusal highlighted by the Inspector. I look forward to updating the market on Wressle in due course.Elsewhere within Egdon’s extensive portfolio, the coming period will see potentially high impact drilling activity at Springs Road, Biscathorpe, Holmwood and possibly North Kelsey, and the results of workovers at Fiskerton Airfield. We are also developing plans for the Keddington, Kirkleatham, Dukes Wood/Kirklington and Waddock Cross fields which will benefit from the improving oil price.”Wressle:The Wressle-1 well was drilled in 2014 and tested in 2015. The Wressle-1 well has flowed oil and gas from three separate reservoirs, the Ashover Grit, the Wingfield Flags and the Penistone Flags. This totalled 710 barrels of oil equivalent per day from all zones. In September 2016 a Competent Person’s Report made independent estimates of Reserves and Contingent and Prospective oil and gas Resources for the Wressle discovery of 2.15 million stock tank barrels classified as discovered (2P+2C). Further information can be found at our Wressle Oil and Gas Discovery page https://www.egdon-resources.com/home/project-sites/wressle/Wressle Planning historyOn 11 January 2017, North Lincolnshire Council refused planning consent for the original application for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.On 7 February 2017, Egdon announced that it would both appeal the decision of 11 January 2017 and in parallel submit a new Planning Application for the Wressle development which would include even more detailed information to address the specific concerns outlined by North Lincolnshire Council in their refusal.On 11 April 2017, Egdon submitted an appeal against North Lincolnshire Council’s decision to refuse planning consent.On 28 April 2017, Egdon submitted a new application for the Wressle Development including additional detailed information to address the specific concerns raised by North Lincolnshire Council in its 11 January 2017 decision to refuse the original application for the development of the Wressle Oil Field.On 19 May 2017, Egdon announced the issue by the Environment Agency of the variation to the Mining Waste Permit for the planned Wressle field development and associated operations.On 3 July 2017, the new planning application was also refused. The variation of the existing planning for the site requesting a twelve month extension was also refused at the same meeting.During November 2017, a planning inquiry was held to consider the two appeals for development approval and the appeal of the variation of the existing planning for the site. On 5 January 2018, we announced that the Inspector had rejected the appeals by Egdon against the two planning refusals by North Lincolnshire County Council’s Planning Committee. However, the Planning Inspectorate did uphold Egdon’s appeal against the decision to refuse the application to retain the existing planning for the well site, which is now retained until the 28 April 2018.

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Egdon Resources plc (AIM:EDR) can advise that the Planning Inspectorate has issued its decision in respect of the Wressle Planning Inquiry. The decision made by the Inspector is to reject the appeals by Egdon against the two planning refusals by North Lincolnshire County Council’s Planning Committee in respect of the development of the Wressle oil discovery in licences PEDL180 and PEDL182.However, the Planning Inspectorate has advised that it did uphold Egdon’s appeal against the decision to refuse the application to retain the existing planning for the well site, which is now retained until the 28 April 2018.Mark Abbott Managing Director of Egdon Resources plc, said:“The decision of the Planning Inspectorate is clearly highly disappointing given the strong case presented at the inquiry, the previous positive recommendations of North Lincolnshire County Council’s Planning Officer in respect of the applications and the issue of an Environmental Permit for the proposed development which was determined after an extensive and thorough review of our proposals.The Planning Inspectorate’s decision to uphold our appeal for the extension of the original Wressle exploration well planning consent gives us some time to consider our next steps.We will now take the opportunity to consider in detail the reasons for the refusals as contained in the decision notice and review the options available to us. We will provide a further update in the next few days.”

Egdon Resources plc (AIM:EDR) is pleased to announce the acquisition of 100% interest in Promote Licence P2304 (UKCS Block 41/24) from Arenite Petroleum Limited (“Arenite”) and Europa Oil & Gas Limited (“Europa”). P2304 is located to the immediate south of Egdon’s 100% owned licence P1929 (UKCS Blocks 41/18 and 41/19) offshore North Yorkshire, which contains the 1966 Resolution gas discovery.The consideration comprises the immediate reimbursement of the 2017 licence rental, OGA Levy and vendors’ legal costs (c. £15,000 in total) and future staged payments contingent on the successful completion of various potential exploration activities and/or on reaching certain production milestones.The Resolution discovery structural closure is mapped by Egdon as extending southwards from P1929 into P2304 and the licence also contains a second gas discovery confirmed by wells, 41/24A-1 (1969, Total), 41/24A-2 (1981, Total), and 41/24-3 (1993, Conoco) which tested at rates of up to 34 million cubic feet of gas per day and 1280 barrels per day of condensate from the Plattendolomit, a Zechstein carbonate unit slightly younger than the Hauptdolomit reservoir tested in the Resolution discovery well. As with P1929, P2304 contains additional prospectivity in deeper gas bearing Carboniferous sandstones underlying the proven Zechstein reservoir sequences.P2304 was awarded to Europa and Arenite as a Promote Licence in the UK Offshore 28^th Licensing Round with an effective date of 1 December 2015, and the OGA has agreed to extend the Initial Term of the Licence until 1 December 2018. The transfer of interests in P2304 from Europa and Arenite to Egdon is subject to OGA approval.Commenting on the acquisition, Mark Abbott, Managing Director said: “We are pleased to have acquired this highly prospective acreage at a nominal up-front consideration. The licence contains a mapped extension of the Resolution gas accumulation and an additional proven gas discovery.  We will now work to integrate our evaluation of the new licence into our detailed understanding of P1929 with a view to progressing appraisal of the proven gas resources in the combined area.”Consideration DetailsThe contingent elements of the consideration comprise:

• On completion of the acquisition of a 3D survey over any part of the Licence (other than a third party survey to which neither the P2304 Licensees nor the licensees of the P1929 licence have access) a cash payment of fifty thousand Pounds (£50,000).
• On completion of the drilling of the first well located wholly or partly within the area covered by the Licence a cash payment of one hundred thousand Pounds (£100,000).
• On first production, other than testing, from any well located wholly or partly within the area covered by the Licence a cash payment of one hundred thousand Pounds (£100,000).
• On reaching a total production of five billion standard cubic feet of gas (5 bcf) (or oil equivalent) from any wells located wholly or partly within the area covered by the Licence a cash payment of two hundred thousand Pounds (£200,000).
• On reaching a total production of twenty billion standard cubic feet of gas (20 bcf) (or oil equivalent) from any wells located wholly or partly within the area covered by the Licence a cash payment of one million Pounds (£1,000,000).