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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 “is pleased to announce it has received notification from the Oil & Gas Authority that the PEDL 143 Licence in the Weald Basin, Surrey, UK, has been extended by two years until 1 October 2018. This will enable Europa to drill the conventional Holmwood prospect (‘Holmwood’), which has estimated gross mean unrisked prospective resources of 5.6 million barrels of oil (‘mmbo’) in Portlandian and Corallian sandstones and a P90 – P10 range of resources of 1 to 11mmbo, in late 2016 / H1 2017, subject to funding.

PEDL143 is located in an area of the Weald Basin where 30 million barrels have been produced to date from 14 oil and gas fields. The Holmwood prospect is located 5km to the south of the Brockham oil field, which was discovered by BP in 1987 and today produces oil from Portlandian sandstone reservoirs. Holmwood is also 12km to the west of the Horse Hill-1 well in PEDL137 where UK Oil & Gas Investments PLC (‘UKOG’) has reported production at a combined average stable rate of over 1,688 bopd from Upper and Lower Kimmeridge Limestone reservoirs and Upper Portland sandstone reservoir during flow tests.

Planning permission is in place for a deviated exploration well to be drilled at Holmwood which will penetrate similar stratigraphy to Horse Hill, targeting oil in Upper and Lower Kimmeridge Limestones in addition to Corallian and Portlandian sandstones. The 5.6mmbo gross mean unrisked prospective resources at Holmwood do not include any estimate for the Jurassic limestones which have been found to be producing in Horse Hill.“

During 2015 Egdon completed a farmout to UKOG in respect of the Holmwood-1 well whereby UKOG will pay 40% of the well cost to earn a 20% interest from Egdon up to a cap of £1.2 million net to UKOG.

Egdon Resources plc (AIM:EDR) is pleased to advise that the Company is to be offered 11 blocks and part-blocks in the second Tranche of the UK 14th Onshore Oil and Gas Licensing Round as announced today by the Oil and Gas Authority (“OGA”). These are in addition to the 7 blocks and part-blocks the Company was offered in the first Tranche as advised in August 2015. The OGA will now progress towards issuing Petroleum Exploration and Development Licences (“PEDLs”) over the blocks offered in the two Tranches.In the 14^th Round as a whole, Egdon has been offered interests in a total of 18 blocks and part blocks which will translate into 9 new PEDLs. The new licences will cover a total area of approximately 1126 square kilometres (278,220 acres). This represents a significant proportion of the blocks for which Egdon applied. The new blocks to be offered are located in the East Midlands Petroleum Province and the Cleveland Basin and expand the Company’s acreage and opportunity base within these two core areas providing a mix of new, conventional and unconventional resource opportunities.The blocks to be offered to Egdon in the second Tranche are:East Midlands - Gainsborough Trough

• SE31c : Egdon 15%, joint venture with Island Gas Energy PLC (“IGas”) (35%, operator) and Total E&P UK Limited (“Total”) (50%), adjoins SE41e offered to the partnership in the first Tranche.
• SK59b : Egdon 15%, joint venture with IGas (35%, operator) and Total (50%), adjoins SK49 offered to the partnership in the first Tranche.

East Midlands - Humber Basin

• TA30, TF39b : Egdon 37.5% and operator, joint venture with Celtique Energie Petroleum Limited (37.5%) and Petrichor Energy UK Limited (25%).
• TF38c : Egdon 75% and operator, joint venture with Terrain Energy Ltd (15%) and Nautical Petroleum Ltd (10%), adjoins PEDL005(R) and contains a portion of the Louth prospect. As part of the farm-out announced in July 2015 Egdon will transfer a 10% interest in this block to Union Jack Oil plc subject to OGA consent.

Cleveland Basin

• NZ51, NZ52b, NZ52c : Egdon 33.333%, joint venture with Third Energy Onshore Limited (33.334%,operator) and Celtique Energie Petroleum Limited (33.333%), surround part of PEDL068 in Teeside which contains the Kirkleatham gas field.
• SE99a, TA09 : Egdon 17.5%, joint venture with Third Energy UK Gas Limited (20.0%, operator), Europa Oil & Gas Limited (22.5%), Shale Petroleum (UK) Limited (22.5%), Petrichor Energy UK Limited (12.5%), and Arenite Petroleum Limited (5.0%), contain the Cloughton tight gas discovery (Bow Valley, 1986) ca. 10km north of Scarborough, also cover part of the site from which Egdon plans to drill a well to test the offshore “A” Prospect gas discovery (Total, 1966).
• NZ90 : Egdon 100%, adjoins SE99a above, covers part of the site for the “A” Prospect well.

Commenting on the 14^th Round offers, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are delighted with this outcome in what has been a very competitive Licensing Round. The blocks we have been offered in the 14^th Round overall will provide further significant opportunities to grow our business and will be excellent additions to Egdon’s portfolio of UK exploration and development assets. The award of NZ90A and SE99A in the Cleveland Basin meanswe can now also push ahead with the consenting process for the proposed well to test the considerable potential of the offshore “A” Prospect. As an established operator with a strong licence holding, we are encouraged by the high level of interest shown in the UK Onshore and are pleased that our good reputation and partnering strategy in the 14^th Round helped us to secure these new licences. We look forward to progressing our evaluations of the new acreage whilst continuing to engage with local stakeholders, and will update shareholders in due course.View the UKOOG 14th Round Fact Sheet for answers to some common questions and concerns.Click below to view a map of Egdon's 14th Round licence offers

Egdon Resources plc (AIM:EDR) announces the completion of drilling operations at the Laughton-1 conventional exploration well in UK Onshore Licence PEDL209 located in Lincolnshire.The Laughton-1 well was spudded on 12 February and has reached a total depth of 1,700m in line with the pre-drill prognosis. During drilling, the well recorded hydrocarbon shows from a number of potential reservoir sequences including the Kilburn Sandstone, Chatsworth Grit, Ashover Grit and Kinderscout Grit. The Silkstone Rock primary objective was poorly developed in the well. Analysis of the wireline log data indicates that the hydrocarbon saturations associated with the shows are not sufficiently encouraging to warrant testing.The well is currently being plugged before the drilling rig is released from contract and in due course the wellsite will be fully restored to its original condition as agricultural land.Following the drilling of Laughton-1 the licence interests in the Laughton Prospect and the two other conventional prospects in PEDL209 areEgdon Resources U.K. Limited 50%Blackland Park Exploration Limited 28%Stelinmatvic Industries Limited 12%Union Jack Oil plc 10%Commenting on the results at Laughton-1, Mark Abbott, Managing Director of Egdon said:“The drilling of the Laughton-1 conventional exploration well fulfils Egdon’s farm-in obligation and so earns our 50% operated interest in PEDL209. The well was drilled within budget and without incident. This completes the work commitment for the licence’s first term and allows it to proceed into its second term during which the remaining conventional and unconventional hydrocarbon potential will be further evaluated.”PEDL209In January 2016 Egdon announced that Union Jack will earn a 10% interest in the Laughton-1 exploration well and two other conventional prospects in PEDL209, in return for paying 16.67% of the cost of the well.In January 2014 a Farm-in Option Agreement was reached with Total in respect of PEDL209, whereby Total has an option, to earn a 50% interest in the licence by paying for an exploration programme of £13.47 million. Egdon received a cash payment of £0.92 million and retained the exploration rights at Laughton and two other prospects, all of which are purely conventional and are excluded from the option.Following exercise of the option the licence interests in the unconventional resources would be:Egdon Resources U.K. Limited30%Total E&P UK Limited50%Blackland Park Exploration Limited14%Stelinmatvic Industries Limited6%

Egdon Resources plc (AIM:EDR) notes the following

• The press release made today by Infinis Energy Services (“Infinis”) (100% owner of Alkane Energy Limited (“Alkane”) confirming the completion of its sale to Petrichor Holdings Coöperatief U.A (“Petrichor”) of 35,870,487 Egdon Ordinary Shares held by Alkane (representing 13.797 per cent. of the issued share capital of the Company) and the placing by VSA Capital (“VSA”) to an institutional investor of a further 4,129,513 Ordinary Shares (representing 1.588 per cent of the issued share capital of the Company);
• The effective price of the transactions was 12.8 pence per ordinary share (representing a 22% premium over the Company’s closing mid-price of 10.5 pence per share on 25 July 2018);
• The TR-1 Notification filed by Infinis confirming it no longer holds an interest in the Company; and

• The TR-1 Notification filed by Petrichor confirming it has acquired further shares in Egdon raising its interest to 29.99 per cent (77,969,448 Ordinary Shares).

Alkane originally acquired its 40,000,000 Ordinary Shares in Egdon in exchange for the sale of its shale exploration acreage to the company which was completed in June 2014. The HEYCO Energy Group Inc (of which Petrichor is a subsidiary) has held shares in the Company since 2009.The issued share capital of Egdon consists of 259,984,822 ordinary shares of 1 pence each with voting rights. No Shares are held in treasury. Therefore, the total number of voting rights in the Company is 259,984,822.Mark Abbott, Managing Director of Egdon Resources plc, said:“This further investment by Petrichor, an existing long-term and supportive shareholder in the Company, and at a significant premium to our current share price, represents a considerable vote of confidence in Egdon’s business model and the potential of our assets.”

Egdon Resources plc (AIM:EDR) is pleased to provide an operational update on the Keddington-5 (KD5) development well. KD5 was spudded on the 20 January 2016 and on 1 February 2016 reached total depth (TD) of 2,433 metres measured depth, (2,201 metres true vertical depth below Ordnance Survey Datum).During the course of drilling, elevated gas readings – indicative of the presence of hydrocarbons were recorded from a gross interval of 141 metres, containing 62 metres of net sand.KD5 development well has been suspended with a completion string that will enable production flow testing of the reservoir with a traditional beam pump in due course.The Keddington Field interests are as follows:Egdon Resources U.K. Limited45% (Operator)Terrain Energy Limited35%Nautical Petroleum Limited*10%Union Jack Oil plc10%*Nautical Petroleum Ltd is a 100% wholly owned subsidiary of Cairn Energy PLCCommenting on the completion of operations at Keddington-5, Mark Abbott, Managing Director of Egdon, said:“We are pleased to report the conclusion of the KD5 drilling operation which was drilled and completed within budget. Following release of the drilling rig and reinstatement of surface facilities, the well will be tested to establish the potential production.”

Egdon Resources plc (AIM:EDR) is pleased to announce the commencement of drilling operations at the Laughton-1 exploration well in UK Onshore Licence PEDL209 located in Lincolnshire.The Laughton-1 well was spudded 12 February. The well will target a structural trap at a depth of over 1,500 metres defined on reprocessed two-dimensional seismic data. The Laughton Prospect has multiple conventional Carboniferous sandstone reservoir targets with the primary objective being the Silkstone Rock, an approximately 15 metre thick sandstone interval which is productive in the analogous Corringham Oil Field located five kilometres to the south-east. Two other potential reservoirs, the Kilburn Sandstone and the Wingfield Flags, will also be targeted by the well. The consolidated mean Prospective Resource volume for the three targets, is estimated by Egdon to be 1.3 million barrels of oil.For clarity, the operations at the Laughton wellsite will not, either now or in the future, involve the process of High Volume Hydraulic Fracturing for shale gas.In January 2016 Egdon announced that Union Jack will earn a 10% interest in the Laughton-1 exploration well and two other conventional prospects in PEDL209, in return for paying 16.67% of the cost of the well. On completion of this transaction, the licence interests in the Laughton Prospect and the two other conventional prospects in PEDL209 will be:Egdon Resources U.K. Limited50%Blackland Park Exploration Limited28%Stelinmatvic Industries Limited12%Union Jack Oil plc10%Commenting on the start of drilling operations at Laughton-1, Mark Abbott, Managing Director of Egdon said:“We are pleased to report the start of drilling at Laughton-1 and we look forward to updating shareholders with the preliminary results from the well in around one months’ time. Onshore oil and gas projects remain commercially attractive even during a period of reduced commodity prices. Egdon’s conventional exploration drilling programme remains a key part of our strategy, with successful exploration capable of delivering near-term additions to our production and revenue stream. ”

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement in respect of a farm-out of the Laughton-1 exploration well and two other conventional prospects in PEDL209 to Union Jack Oil plc (“Union Jack”).Under the terms of the farm-out, Union Jack will earn a 10% interest in the Laughton-1 exploration well and two other conventional prospects in PEDL209, in return for paying 16.67% of the cost of the well. The Laughton-1 well is expected to start drilling during February 2016.The Laughton-1 well will target a structural trap at a depth of over 1,500 metres below ground level defined on vintage two-dimensional seismic data. The Laughton Prospect has multiple conventional Carboniferous sandstone reservoir targets with the primary objective being the Silkstone Rock, an approximately 15 metres thick sandstone interval which is productive in the Corringham Oil Field located five kilometres to the South-East. For clarity, the operations at the site will not, either now or in the future, involve the process of High Volume Hydraulic Fracturing for shale gas.This farm-out does not include the deeper shale-gas prospectivity on PEDL209, which is located further to the south and west, and which remains subject to an option agreement with Total as announced in January 2015.On completion of this transaction, which remains subject to approval from the Oil and Gas Authority, the licence interests in the Laughton Prospect and the two other conventional prospects in PEDL209 will be:Egdon Resources U.K. Limited : 50%Blackland Park Exploration Limited : 28%Stelinmatvic Industries Limited : 12%Union Jack Oil plc : 10%Commenting on the transaction, Mark Abbott, Managing Director of Egdon said:“This farm-out helps to optimise the balance of risk and reward for the Company in the exploration of PEDL209’s conventional oil resources, reducing our financial exposure to the near-term Laughton-1 well.We are once again pleased to welcome Union Jack as a partner following on from their participation in the 2014 Wressle discovery (PEDL181), the current drilling of Keddington-5 sidetrack and the planned Biscathorpe and North Kelsey exploration wells (PEDL253 and PEDL241 respectively).”

Egdon Resources plc (AIM:EDR) is pleased to announce the commencement of drilling operations on the Keddington-5 conventional sidetrack development well in UK Onshore Licence PED005R located in Lincolnshire.Keddington-5 is a sidetrack of the Keddington-4 production well and is designed to target an area of the field where the sandstone reservoir has not been produced. The intent is to increase production and profitability from the field. Operations are expected to complete in early February.Based upon an integrated geological and geophysical evaluation, Stock Tank Oil Initially in Place estimates indicate that the well will target an undrained volume that ranges between 309,000 and 566,000 barrels of oil.The Keddington Oil Field was discovered in 1998 by Candecca and brought onstream the same year. Egdon acquired the then shut-in field from Roc Oil GB Limited in March 2007 and production was restarted in June 2007. Egdon has previously drilled two horizontal sidetrack wells, which produce oil from two Carboniferous age sandstones at a depth of around 2,200 metres. Egdon farmed-down its interest in the Keddington Oil Field in August 2015 to Terrain Energy Limited and Union Jack Oil plc, reducing its working interest from 75% to 45% and reducing its paying interest on the Keddington-5 well to 15%.The Keddington Field interests are as follows:Egdon Resources U.K. Limited45% (Operator)Terrain Energy Limited35%Nautical Petroleum Limited*10%Union Jack Oil plc10%*Nautical Petroleum Ltd is a 100% wholly owned subsidiary of Cairn Energy PLCCommenting on the start of drilling operations at Keddington-5, Mark Abbott, Managing Director of Egdon, said:“We are pleased to report the commencement of drilling operations at Keddington-5 and look forward to the potential for increased production and profitability from this mature field.”In accordance with the AIM Rules - Note for Mining and Oil and Gas Companies, the information contained in this announcement has been reviewed and signed off by the Managing Director of Egdon Resources plc Mark Abbott, a Geoscientist with over 26 years' experience.Evaluation of potential recoverable hydrocarbons has been assessed in accordance with 2007 Petroleum Resources Management System prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE) and reviewed and jointly sponsored by the World Petroleum Council (WPC), the American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Evaluation Engineers (SPEE).

The Company has been informed that Andrew Lodge, non-executive Director, purchased 500,000 ordinary shares in the Company on 4th January 2016 at a price of 9.5 pence each. Mr Lodge's total beneficial shareholding in the Company is now 500,000 ordinary shares, representing 0.23 per cent of the issued share capital of the Company.