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Further to the announcement of 14 July 2015, Egdon Resources plc (AIM:EDR) is pleased to announce that all the required authorisations have been received in respect of separate farm-outs of Licence PEDL005(Remainder) (“PEDL005(R)”) to Terrain Energy Limited (“Terrain”) and Union Jack Oil plc (“Union Jack”). The licence, located in Lincolnshire, contains the Keddington producing oil field, part of the Louth oil prospect, and the North Somercotes gas prospect.Following completion of the Acquisition the interests in PEDL005(R) are now:Keddington Field PEDL005(R) Excluding KeddingtonEgdon Resources U.K. Limited45% (Operator)65% (Operator)Terrain Energy Limited35%15%Nautical Petroleum Limited10%10%Union Jack Oil plc10%10%

Egdon Resources plc (AIM:EDR) provides an update on the Extended Well Test (“EWT”) operations at the Wressle-1 oil and gas discovery in licence PEDL180, located to the east of Scunthorpe, where Egdon operates with a 25% interest.Egdon has commenced the planning and permitting work which will support the submission of a Field Development Plan (“FDP”) and a planning application for production at Wressle.Operations on the Penistone Flags oil zone (“Zone 3A”) have now been suspended. The planned oil injection test to determine reservoir permeability was not undertaken due to delays from the Environment Agency in clarifying whether the current permit for the site allows for such an operation. In the tests conducted to date, both oil and gas have flowed with no evidence of water. Encouragingly, the well test data together with the log data indicate that the elevation of the oil water contact is deeper than previously considered for the Penistone Flags reservoir. An understanding of the oil water contact will enable a more accurate quantification of the oil and gas resource volumes together with optimisation of future well placement for development of this reservoir. In order to meet these objectives, Egdon now plans to undertake a further test to establish the nature of the fluids in the lowermost part of the Penistone Flags reservoir.Plans are currently being finalised for a workover of the well in order to remove the existing completion, cement off the existing Zone 3A perforations, open new perforations into the lowermost parts of the Penistone Flags reservoir and drill short horizontal bores into the reservoir section by water jetting (” radial drilling”) to be followed by a short flow test to establish the nature of the fluids in this interval.In relation to the Ashover Grit reservoir, we have been unable to re-establish flow from this interval during EWT operations. The new planned workover will enable the existing completion to be inspected and, if required, a programme of remedial works to be undertaken prior to continuing with the EWT.Although the Ashover Grit flowed at a rate of 80 barrels of oil per day when tested in February of this year, analysis of the well test data indicates that the flow rates were impaired due to a high “Skin Factor” and therefore were not representative of the flow rates that could be attained from this interval when fully “cleaned up”. Egdon is examining options that could be implemented to increase production by reducing the Skin Factor including radial drilling of this interval as part of the planned workover.Operations are expected to resume by late September or earliest October.We are also expecting shortly the results of reprocessing of the 3D seismic data over the Wressle structure which will assist in finalising the FDP and identifying any additional prospectivity. Egdon remain committed to seeking early oil production from the Wressle site subject to receipt of the necessary consents.Commenting on the update, Mark Abbott, Managing Director of Egdon Resources said:“Development of the Penistone Flags reservoir will require careful positioning of any future well to optimise oil production from this interval in which we have seen a higher level of gas than in other reservoir intervals. The planned additional test is designed to gain the appropriate information in the most cost-effective manner whilst also evaluating radial drilling which is one of the potential development options being considered for this interval. We also look forward to determining the cause of the issue with the Ashover Grit EWT and to resolving this such that we will be able to determine the true potential for oil production from this interval.”Notes :The Wressle Oil Discovery -The Wressle Prospect was defined on proprietary 3D seismic data, which was acquired by Egdon in February 2012. The structure is located on trend with the producing Crosby Warren oil field and the Broughton-B1 oil discovery, both to the immediate northwest, and the Brigg-1 oil discovery to the immediate southeast. All contain oil in various different sandstone reservoirs within the Upper Carboniferous succession. The pre-drill gross mean Prospective Resources at Wressle, as calculated by Egdon, were estimated to be 2.1 million barrels of oil. This will be updated following the results of the current test operations and mapping of the reprocessed 3D seismic data.The Wressle-1 well reached a total depth (TD) of 2240 metres measured depth (MD) (1814 metres true vertical depth below OS datum (TVDSS)) on 23 August 2014. Elevated mud gas readings were observed over large parts of the interval from the top of the Penistone Flags reservoir target (1831.5 metres MD) to TD. The interests in the Wressle-1 well are:Egdon Resources U.K. Limited 25.00% (Operator)Celtique Energie Petroleum Limited 33.33%Europa Oil & Gas Limited 33.34%Union Jack Oil plc 8.33%The well was logged using measurement whilst drilling (MWD) logging tools run on the drill string. Petrophysical evaluation of the log data indicated the presence of potential hydrocarbon pay in three main intervals;

• Penistone Flags – up to 19.8 metres measured thickness (15.9 metres vertical thickness)
• Wingfield Flags – up to 5.64 metres measured thickness (5.1 metres vertical thickness)
• Ashover Grit – up to 6.1 metres measured thickness (5.8 metres vertical thickness)

On 9 February 2015, shareholders were updated on the successful Ashover Grit Flow Test, which recorded flow rates of 80 barrels of oil per day and 47 thousand cubic feet of gas per day during a 16 hour main flow period. No appreciable volumes of water were observed. The oil is of good quality with a gravity of 39-40° API.On 19 February 2015, shareholders were updated on the successful Wingfield Flags Flow Test, which recorded flow rates of up to 182 barrels of oil per day of good quality 39-40 API oil on free flow, along with up to 456 thousand cubic feet of gas per day.On 27 February 2015, shareholders were updated on the initial successful Penistone Flags test, which produced gas at facilities-restricted flowrates of up to 1.7 million cubic feet of gas per day with associated oil of up to 12 barrels of oil per day and no free water.On 27 March 2015, shareholders were updated on the second successful Penistone Flags test. Zone 3a in the Penistone Flags was perforated over a 7.5 metre interval and produced good quality oil with a gravity of 33^o API. A total of 98.5 barrels of oil were recovered during the test (of which flow induced by swabbing operations produced 34.3 barrels of oil). This equates to a rate of approximately 77 barrels of oil per day (bopd).During the current EWT the Zone 3A perforations were produced for a total of 254hrs over a 13 day period from the 5th to 17th Jul'15. Zone 3A was initially produced by sucker rod pump and then allowed to free flow to surface after the wellbore & perforations had fully cleaned-up. Over the full 13 day period the following separator cumulative volumes were produced:- 1,127 bbl of oil, 147 bbl of kill brine and 2,790 Mscf of gas.Operations at the Wressle site will not involve the process of high volume hydraulic ‘fracturing (fracking’) for shale gas.Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and France.Egdon currently holds interests in thirty four licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.Egdon was formed in 1997 and listed on AIM in December 2004.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).

Egdon Resources plc (LSE: EDR) is delighted to note that Europa Oil and Gas (Holdings) plc (“Europa”) has today announced that the Planning Inspector has allowed the appeal and granted permission for the Holmwood Exploration Well in PEDL143 in Surrey.

Europa’s RNS contained the following information:

Europa Oil & Gas (Holdings) plc … is pleased to announce that the Planning Inspectorate has allowed Europa’s appeal against Surrey County Council’s decision not to grant permission to drill one exploratory borehole and undertake a short term test for hydrocarbons at the Holmwood prospect (‘Holmwood’) in the PEDL143 licence in the Weald Basin, Surrey.

The Holmwood prospect is to be drilled as a deviated exploration well and a further planning application for the underground well path was submitted to Surrey County Council on 14 May 2014. It is understood that Surrey County Council will make a decision on this application now that the Planning Inspectorate has issued its decision on the planning appeal. Europa and its partners will wait until Surrey County Council makes its decision on the underground well path before considering next steps on this licence.

An application for planning permission to drill the Holmwood prospect on PEDL143 was submitted in 2008 and was dismissed by Surrey County Council in 2011. A planning appeal in 2012 was dismissed by the Planning Inspectorate. Europa successfully challenged this decision in the High Court in 2013. In 2014 the Court of Appeal upheld the 2013 High Court judgment in the company’s favour and a second planning appeal was heard at an eight day public inquiry in April and June 2015. The Planning Inspectorate issued a decision to allow the appeal on 7 August 2015.

Europa’s CEO Hugh Mackay said “We are pleased with the Planning Inspectors decision. With mean gross un-risked prospective resources of 5.6 million barrels of oil, as estimated in a CPR published in June 2012, and a one in three chance of success, we regard Holmwood as one of the best undrilled conventional prospects in onshore UK and we await Surrey County Councils decision on the underground well path with interest.“

Egdon will be carried on the drilling costs for the Holmwood well on its 18.4% interest up to a set spending limit under the terms of an agreement announced on 29 June 2015 with UK Oil & Gas Investments plc.

The interests in PEDL143 on completion of the UKOG farm-in will be:Europa 40.0% (operator)Egdon Resources U.K. Limited 18.4%Warwick Energy Ltd. 20.0%UK Oil & Gas Investments plc 20.0%Altwood Petroleum Ltd. 1.6%Notes to Editors:The Holmwood Prospect:

The Holmwood Prospect is one of the largest undrilled prospects in the Weald Basin and was independently assessed by Troy Ikoda in 2004 as having potential gross Best Estimate Prospective Resources of 41.5 bcf. However, the recent discovery of oil at Horse Hill-1 some 10km to the East increases the chances of oil rather than gas being present at Holmwood. A Competent Persons Report by ERC Equipoise Limited, published in June 2012 on Europa’s website (http://www.europaoil.com/documents/CPR_Europa_Final_070612.pdf) estimates that the Holmwood prospect could contain mean gross unrisked prospective resources of 5.6 million barrels of oil for the combined Portland and Corallian objectives.

Under the terms of an agreement announced on 29June 2015, UKOG will pay a 40% share of the Holmwood-1 drilling costs in order to acquire a 20% working interest in PEDL143 from Egdon. UKOG’s share of well costs will be capped at £1.2 million net to UKOG (i.e. 40% of a gross Holmwood-1 well cost estimate of £3 million). Gross well costs above £3 million, should they arise, will be met according to the working interests in PEDL143. Egdon’s interest in the licence on completion will be 18.4%.

Egdon Resources plc (AIM:EDR) notes that the Oil and Gas Authority (“OGA”) has today announced the blocks to be offered in the first tranche of the 14th Onshore Oil and Gas Licensing Round, which closed on 28^th October 2014.

The management of Egdon are pleased to announce that the Company has been advised it will be offered a total of seven blocks or part blocks in this first tranche. The blocks are located in the East Midlands Petroleum Province and expand the Company’s acreage and opportunity base within one of its core areas of activity. The blocks to be offered provide a mix of new conventional, shale-gas and tight-oil opportunities.

In the Gainsborough Trough, the Company is to be offered a 15% interest in Blocks SE41e, SK49, SK89e, SK88b and SK87c. These blocks will be in a joint venture with IGas (35% and operator) and Total E&P UK Limited (50%), building on the Company’s existing relationships within this area.

In the Widmerpool Basin, Egdon will be offered an 18.75% operated interest in Blocks SK52a and SK53 in a joint venture with Hutton Energy Limited (25%), Coronation (Oil and Gas) Limited (25%), Celtique Energie Petroleum Limited (18.75%) and Petrichor Energy UK Limited (12.5%).

Egdon also applied for a number of additional blocks in other areas and notes that a second tranche of 14^th round offers are expected to be made at a later date after the conclusion of a consultation under the Conservation of Habitats and Species Regulations 2010, which has today been announced by OGA.

Commenting on the offers, Mark Abbott Managing Director of Egdon Resources said;

“We are delighted to have been advised that we will be offered a number of high quality blocks in what has been a very competitive licensing round. The new blocks provide significant opportunities for growth and will be excellent additions to Egdon’s UK portfolio of interests. As an established operator with a strong licence holding we are also encouraged by the high level of interest shown in the onshore UK. We now await the results of the second tranche of offers with interest.”

Egdon Resources plc (AIM:EDR) is pleased to announce encouraging results from the pumped test carried out over the Penistone Flags Zone 3A as part of the Extended Well Test (“EWT”) at the Wressle-1 oil and gas discovery in licence PEDL180, located to the east of Scunthorpe, where Egdon operates with a 25% interest.During earlier initial testing, the Wressle-1 well produced oil and gas from three discrete reservoir intervals, the Ashover Grit, the Wingfield Flags, and the Penistone Flags as previously reported. At the end of those test operations, a completion was installed in the well to cater for a subsequent pumped EWT over the oil productive zones in the Ashover Grit (Zone 1) and the Penistone Flags (Zone 3A).Due to problems experienced with the downhole testing equipment, the pumped flow test of the Ashover Grit oil reservoir could not be undertaken first as originally planned, therefore test operations were switched to focus initially on the shallower Penistone Flags.The Penistone Flags interval was pumped for a period of time and achieved average rates over a three day period of 131 barrels of oil per day (“bopd”) and 222,000 cubic feet of gas per day, together totalling 168 barrels of oil equivalent per day (“boepd”) with an average producing gas oil ratio (“GOR”) of approximately 1,700 cubic feet of gas per barrel of oil (“scf/stb”).Due to increasing gas rates the pump was then stopped and the well allowed to naturally flow to surface on a series of decreasing choke sizes from 12/64” down to 8/64” (being the smallest available). Average rates over a two day period on the 8/64” choke were 105 bopd with 465,000 cubic feet of gas per day, together totalling 182 boepd with an average producing GOR of approximately 4,450 scf/stb.During the course of this flow testing no associated formation water has been produced.The gas production rate has increased to the point where it is approaching the limits allowed under the environmental permit and as such production from the interval has now been halted. The well is now being killed ready for the next operation to be conducted, an injection test over the Penistone Flags zone 3A interval, to provide further reservoir data.On conclusion of this injection test, attention will return to resolving the operational issues and undertaking pumped oil production testing over the Ashover Grit interval.Commenting on the latest flow test result, Mark Abbott, Managing Director of Egdon Resources said:“I am pleased to report the continuing encouraging results from the Wressle-1 test programme. The hydrocarbon production rate of over 180 barrels of oil equivalent per day attained from the Penistone Flags oil zone has exceeded pre-test expectations.The production performance together with the planned injection test will provide valuable reservoir engineering data that will be used to plan for a commercial development of the Penistone Flags.We now look forward to commencing operations on the EWT programme for the Ashover Grit and will provide another update in due course.” Notes to Editors: The Wressle Oil Discovery -The Wressle Prospect was defined on proprietary 3D seismic data, which was acquired by Egdon in February 2012. The structure is located on trend with the producing Crosby Warren oil field and the Broughton-B1 oil discovery, both to the immediate northwest, and the Brigg-1 oil discovery to the immediate southeast. All contain oil in various different sandstone reservoirs within the Upper Carboniferous succession. The pre-drill gross mean Prospective Resources at Wressle, as calculated by Egdon, were estimated to be 2.1 million barrels of oil. This will be updated following the results of the current test operations.The Wressle-1 well reached a total depth (TD) of 2240 metres measured depth (MD) (1814 metres true vertical depth below OS datum (TVDSS)) on 23 August 2014. Elevated mud gas readings were observed over large parts of the interval from the top of the Penistone Flags reservoir target (1831.5 metres MD) to TD. The interests in the Wressle-1 well are:Egdon Resources U.K. Limited 25.00% (Operator)Celtique Energie Petroleum Limited 33.33%Europa Oil & Gas Limited 33.34%Union Jack Oil plc 8.33%The well was logged using measurement whilst drilling (MWD) logging tools run on the drill string. Petrophysical evaluation of the log data indicated the presence of potential hydrocarbon pay in three main intervals;

• Penistone Flags – up to 19.8 metres measured thickness (15.9 metres vertical thickness)
• Wingfield Flags – up to 5.64 metres measured thickness (5.1 metres vertical thickness)
• Ashover Grit – up to 6.1 metres measured thickness (5.8 metres vertical thickness)

On 9 February 2015, shareholders were updated on the successful Ashover Grit Flow Test, which recorded flow rates of 80 barrels of oil per day and 47 thousand cubic feet of gas per day during a 16 hour main flow period. No appreciable volumes of water were observed. The oil is of good quality with a gravity of 39-40° API.On 19 February 2015, shareholders were updated on the successful Wingfield Flags Flow Test, which recorded flow rates of up to 182 barrels of oil per day of good quality 39-40 API oil on free flow, along with up to 456 thousand cubic feet of gas per day.On 27 February 2015, shareholders were updated on the initial successful Penistone Flags test, which produced gas at facilities-restricted flowrates of up to 1.7 million cubic feet of gas per day with associated oil of up to 12 barrels of oil per day and no free water.On 27 March 2015, shareholders were updated on the second successful Penistone Flags test. Zone 3a in the Penistone Flags was perforated over a 7.5 metre interval and produced good quality oil with a gravity of 33^o API. A total of 98.5 barrels of oil were recovered during the test (of which flow induced by swabbing operations produced 34.3 barrels of oil). This equates to a rate of approximately 77 barrels of oil per day (bopd).During the current EWT the Zone 3A perforations were produced for a total of 254hrs over a 13 day period from the 5th to 17th Jul'15. Zone 3A was initially produced by sucker rod pump and then allowed to free flow to surface after the wellbore & perforations had fully cleaned-up. Over the full 13 day period the following separator cumulative volumes were produced:- 1,127 bbl of oil, 147 bbl of kill brine and 2,790 Mscf of gas.Operations at the Wressle site will not involve the process of high volume hydraulic ‘fracturing (fracking’) for shale gas.Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and France.Egdon currently holds interests in thirty four licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.Egdon was formed in 1997 and listed on AIM in December 2004.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).

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement in respect of a further farm-out of Licence PEDL253 to Union Jack Oil plc (“Union Jack”). Union Jack originally farmed-in to the licence in March 2013.Under the terms of this new farm-out, Union Jack will earn an additional 1.2 % interest in PEDL253 from Egdon in return for paying 2.4% of the costs of the planned Biscathorpe-2 exploration well. Union Jack has also agreed terms with Montrose Industries Limited to earn a further 0.8% interest in PEDL253 in return for paying 1.6% of the well costs.On completion of these new farm-outs the interests in PEDL253 will be:Egdon Resources U.K. Limited 52.8% (Operator)Montrose Industries Limited 35.2%Union Jack Oil plc 12.0%As previously announced, Planning Consent was awarded for the Biscathorpe-2 well in March 2015. Under the terms of the farm-out agreements, Egdon’s share of the well costs will now be reduced to 45.6% as a result of Union Jack carrying in total 7.2% of the costs for Egdon. The transfer of interests is subject to approval by the Oil and Gas Authority.The Biscathorpe Prospect is located approximately 15 kilometres to the west of the Keddington oil field and 36 kilometres to the south-east of the Wressle-1 discovery currently being tested by Egdon. It is defined on 3D seismic data and was previously explored by BP in 1987 with the Biscathorpe-1 well drilled in a structurally crestal location. That well penetrated a thin basal sandstone unit which is interpreted to have been oil bearing but was not tested. The sand unit is expected to thicken down-dip from the crest of the structure and there is also potential for stratigraphic trapping to the west which could increase the expected gross prospective resources as assessed by Egdon from a Best Estimate case of 14 mmbo up to a High case of 41 mmbo.Commenting on this latest farm-out, Mark Abbott, Managing Director of Egdon Resources plc, said ;“While this is only a relatively small scale additional farm-out, we are encouraged by Union Jack’s continued confidence in the prospectivity of the Biscathorpe structure, which we plan to test later in 2015 with the Biscathorpe-2 well.”

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreements in respect of separate farm-outs of Licence PEDL005(Remainder) (“PEDL005(R)”) to Terrain Energy Limited (“Terrain”) and Union Jack Oil plc (“Union Jack”). The licence, located in Lincolnshire, contains the Keddington producing oil field, part of the Louth oil prospect, and the North Somercotes gas prospect.Farm-out to Terrain Under the terms of this farm-out, Terrain will earn an additional 20% interest in the Keddington oil field in return for paying 40% of the cost of a new appraisal/development well expected to be drilled in Q4 2015 as a side-track to the Keddington-4 well. Planning Consent for such a well is already in place. Terrain will not increase its existing 15% interest in the remaining parts of PEDL005(R) which contain the Louth and North Somercotes prospects.Farm-out to Union Jack Under the terms of a second farm-out, Union Jack will earn a 10% interest in Licence PEDL005(R), in return for paying 20% of the cost of the new side-track appraisal/development well at Keddington (as above) and 20% of the cost of an exploration well on the Louth prospect.As part of this transaction, Union Jack would also earn a 10% interest from Egdon in any new licence block awarded to the existing PEDL005(R) Joint Venture in the UK 14th Landward Oil and Gas Licensing Round which contains a mapped extension of the Louth prospect.Transfer of the interests is subject to regulatory approval from the Oil & Gas Authority.Interests in Licence PEDL005(R) on completion of these farm-outs will be:Keddington Field Egdon Resources U.K. Limited 45% (Operator)Terrain Energy Limited 35%Nautical Petroleum Limited 10%Union Jack Oil plc 10%PEDL005(R) Excluding KeddingtonEgdon Resources U.K. Limited 65% (Operator)Terrain Energy Limited 15%Nautical Petroleum Limited 10%Union Jack Oil plc 10%Commenting on the farm-outs, Mark Abbott Managing Director of Egdon Resources said;“These two transactions are designed to optimise the balance of risk and reward for the Company in the exploration and development of PEDL005(R) reducing the Company’s financial exposure to these upcoming wells. In the case of Keddington. this would now see Egdon paying only 15% of the costs of the new appraisal/development well but retaining 45% of the field’s production”Keddington Oil FieldThe Keddington oil field currently produces oil and associated gas from two wells (Keddington-4 and Keddington-3Z) at rates of 30-35 barrels of oil per day (“bopd”) with the wells showing natural decline.Louth ProspectAdjacent to and analogous with the Keddington oil field, the Louth conventional oil prospect is defined on reprocessed 3D seismic data and contains an Egdon-estimated gross mean Stock Tank Oil Initially in Place (“STOIIP”) of 5.5 million barrels with gross mean estimated Prospective Resources of 1.4 million barrels. The Chance of Success (“COS”) is estimated by the Company to be 37%. An exploration well to test the prospect is planned to be drilled in 2016-2017 subject to planning and other consents.North Somercotes ProspectThe North Somercotes conventional gas prospect is located within PEDL005(R) to the north of the Saltfleetby gas field and is estimated by Egdon to contain gross mean estimated Prospective Resources of 11.0 bcf of gas. COS is estimated by the Company to be 25%.The CompanyEgdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and France.Egdon currently holds interests in thirty four licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.Egdon was formed in 1997 and listed on AIM in December 2004.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 prospective resources 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).

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement in respect of a farm-out of Weald Basin, Petroleum Exploration and Development Licence PEDL143 to UK Oil & Gas Investments PLC (“UKOG”).PEDL143 contains the Holmwood Prospect, which the PEDL143 partnership plan to test with the Holmwood-1 exploration well. Regulatory consent to drill the well is currently awaiting the outcome of a planning inquiry held by the Planning Inspectorate following appeal by the license group. The operator of PEDL143 is Europa Oil & Gas Limited (“Europa”).Under the terms of the agreement, UKOG will pay a 40% share of the Holmwood-1 drilling costs in order to acquire a 20% working interest in PEDL143 from Egdon. UKOG’s share of well costs will be capped at £1.2 million net to UKOG (i.e. 40% of a gross Holmwood-1 well cost estimate of £3 million). Gross well costs above £3 million, should they arise, will be met according to the working interests in PEDL143. Egdon’s interest in the licence on completion will be 18.4%.Completion of the transaction is subject to the grant of planning consent for the Holmwood-1 well and to receipt of the necessary approval from the Oil & Gas Authority,Commenting on the transaction, Mark Abbott Managing Director of Egdon Resources said:“We are pleased to have concluded this deal with UKOG within their core business area. The transaction means that should planning consent be granted for the well, Egdon will retain a material interest in the Holmwood Prospect whilst minimising the Company’s financial exposure and managing our technical risk while evaluating the prospect’s potentially significant prospective resource. Notes to Editors: The Holmwood Prospect: The Holmwood Prospect is one of the largest undrilled prospects in the Weald Basin and was independently assessed by Troy Ikoda in 2004 as having potential gross Best Estimate Prospective Resources of 41.5 bcf. However, the recent discovery of oil at Horse Hill-1 some 10km to the East increases the chances of oil rather than gas being present at Holmwood. A Competent Persons Report by ERC Equipoise Limited, published in June 2012 on Europa’s website (http://www.europaoil.com/documents/CPR_Europa_Final_070612.pdf) estimates that the Holmwood prospect could contain mean gross unrisked prospective resources of 5.6 million barrels of oil for the combined Portland and Corallian objectives.The original planning application for the Holmwood-1 exploration well was refused by Surrey County Council in May 2011. An initial planning appeal was dismissed by the Planning Inspectorate in September 2012. The licence group received a favourable judgment at the High Court in July 2013 quashing the Planning Inspector’s original decision and a second appeal against the initial Surrey County Council refusal of Planning Consent was heard during May and June 2015. We are currently awaiting the decision of this appeal which is anticipated later in the summer.The Company:Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and France.Egdon currently holds interests in thirty four licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.Egdon was formed in 1997 and listed on AIM in December 2004.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 prospective resources 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).

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement with Celtique Energie Petroleum Ltd. (“Celtique”) to acquire an additional 40% interest in Lincolnshire Licence PEDL241 for a nominal consideration.Under the terms of the agreement, Egdon will increase its interest in the licence from 40% to 80%. PEDL241 contains the North Kelsey Prospect which is located approximately 10 kilometres to the south of the Wressle-1 discovery well in PEDL180. The prospect is defined on 3D seismic data and has potential for up to four stacked conventional reservoir intervals in the Chatsworth, Beacon Hill, Raventhorpe and Santon sandstones. The estimate of gross mean combined Prospective Resources for these multiple objectives, as calculated by Egdon is 6.7 million barrels of oil. Planning Consent was received for the North Kelsey-1 well in December 2014. Timing of well operations is restricted by planning conditions and as such it is now anticipated that they will commence during Q1 2016.The transfer of interest is subject to approval by the Oil and Gas Authority.Following completion of this transaction (and a separate transaction between Union Jack Oil plc and Celtique) the interests in PEDL241 and the planned North Kelsey-1 well will be:Egdon Resources U.K. Limited 80% (Operator)Union Jack Oil plc 20%Under the terms of a farm-in agreement with Union Jack plc, Egdon will be carried by Union Jack for 10% of the North Kelsey-1 well costs.