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Further to the announcement made on 14 November 2014, Egdon Resources plc (AIM:EDR) is pleased to announce that it has completed the acquisition of the entire issued share capital of Yorkshire Exploration Limited ("YEL"). YEL is a private company, which holds an 8% interest in Petroleum Exploration and Production Licence PEDL068 in North Yorkshire and Cleveland in the Cleveland Basin. Egdon is operator of PEDL068 with a 40% interest.As consideration for the acquisition, Egdon has today issued 546,448 Ordinary Shares ("the Consideration Shares") to the previous shareholders of YEL which include Mr. John Rix who was a non-executive Director of Egdon until his retirement from the Board in late 2011. The issued shares represent 0.25 per cent. of the enlarged share capital of the Company. Application has been made for admission of the Consideration Shares to trading on AIM, which is expected to become effective on 8 December 2014. The total number of Egdon Ordinary Shares in issue is now 221,345,811. Therefore, the total number of voting rights in the Company is 221,345,811.Licence PEDL068 contains the Kirkleatham gas field which is shut-in pending the potential drilling of a side-track well to target an undrained portion of the field up-dip from the existing producer well. The licence also contains the Westerdale/Ralph Cross gas discovery where planning consent is in place for an appraisal well, which is likely to be drilled in 2015/2016. Exploration in PEDL068 to date has concentrated on conventional Permian age carbonate gas plays but the licence may also contain other conventional and unconventional prospectivity.Egdon estimates that the transaction will add approximately 0.70bcf of Best Estimate Contingent and Prospective Conventional Resources to Egdon’s resource inventory.The current interests in PEDL068 are as follows:Egdon Resources U.K. Ltd40.00%Sterling Resources (UK) Ltd47.00%Yorkshire Exploration Limited8.00% Montrose Industries Limited 5.00%Commenting on the acquisition, Mark Abbott, Managing Director of Egdon said:

We are pleased to have completed this acquisition which adds to our existing interest in PEDL068 and adds incremental conventional resources and other prospectivity to the Company

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached an agreement to acquire the entire issued share capital of Yorkshire Exploration Limited (“YEL”). YEL is a private company, which holds an 8% interest in Petroleum Exploration and Production Licence PEDL068 in North Yorkshire and Cleveland in the Cleveland Basin. Egdon is operator of PEDL068 with a 40% interest.The consideration for this acquisition is £133,058 and will comprise £75,000 to be satisfied by the issue of new Egdon shares to YEL at completion and the assumption of £58,058 of YEL debt. The number of consideration shares will be calculated based on the average closing mid-price for the five days prior to the day of completion. The commercial date of the transaction is 1 August 2014. The transaction is subject to approval of the change of control by DECC.YEL is owned and controlled by Mr. John Rix and his family members. Mr. Rix was a non-executive Director of Egdon until his retirement from the Board in late 2011.Licence PEDL068 contains the Kirkleatham gas field which is shut-in pending the potential drilling of a side-track well to target an un-drained portion of the field up-dip from the existing producer well. The licence also contains the Westerdale/Ralph Cross gas discovery where planning consent is in place for an appraisal well, which is likely to be drilled in 2015/2016. Exploration in PEDL068 to date has concentrated on conventional Permian age carbonate gas plays but the licence may also contain other conventional and unconventional prospectivity.Egdon estimates that the transaction will add approximately 0.70bcf of Best Estimate Contingent and Prospective Conventional Resources to Egdon’s resource inventory.The current interests in PEDL068 are as follows:Egdon Resources U.K. Ltd40.00%Sterling Resources (UK) Ltd47.00%Yorkshire Exploration Limited8.0%Montrose Industries Limited5.0%Commenting on the acquisition, Mark Abbott, Managing Director of Egdon said:

The acquisition of YEL adds to our existing interest in PEDL068 and adds incremental conventional resources and other prospectivity to the Company

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Egdon Resources plc (AIM:EDR) announces the completion of drilling operations at the Burton on the Wolds-1 conventional exploration well in UK Onshore Licence PEDL201 in Leicestershire.The Burton on the Wolds-1 well was spudded on 18 October 2014 and reached a total depth of 1086 metres on 28 October 2014. The well penetrated only thin sands in the primary reservoir objective, the Rempstone Sandstone group, while the deeper secondary objective was encountered as non-reservoir rock.Electric wireline logs have now been acquired in the well. Although weak hydrocarbon shows were observed while drilling through the Rempstone sands, interpretation of the log data indicates the thin sands to be water bearing.The well is currently being plugged before the drilling rig is released from contract and, in due course, the well-site will be restored to its original condition as agricultural land.The interests in Licence PEDL201 and the Burton on the Wolds-1 well are:Egdon Resources U.K. Limited32.50% (Operator)Celtique Energie Petroleum Limited32.50%Terrain Energy Limited12.50%Corfe Energy Limited12.50%Union Jack Oil plc 10.00%As a result of previously announced farm-outs, Egdon’s net share of the Burton on the Wolds-1 well cost is 15%.Commenting on the Burton on the Wolds-1 result, Mark Abbott, Managing Director of Egdon said:

Whilst we are naturally disappointed with the results of Burton on the Wolds-1, I am pleased to report that operations to date have been successfully completed with no safety incidents or impact on either the local environment or the local community. Furthermore, the drilling of the well has been accomplished ahead of schedule and within budget.Egdon recognised that the principal pre-drill risks associated with the Burton on the Wolds prospect were the local development of the Rempstone sands and the presence of reservoir quality rocks at the deeper objective. In line with the Company´s strategy, we were able to mitigate our exposure to these risks by bringing new partners into the licence group.Egdon will now use information gained from Burton on the Wolds-1 to evaluate the remaining prospectivity of the acreage held under licence PEDL201. In the meantime Egdon is progressing its plans to commence flow testing the Wressle-1 well in PEDL180/182 in Lincolnshire and we will update shareholders with results of this in due course.

Egdon Resources plc (AIM:EDR) is pleased to announce the completion of a 3-D seismic survey across the Broughton and Wressle Prospects, which are located to the East and South-East of the town of Scunthorpe in North Lincolnshire.The survey, which covers parts of Petroleum Exploration and Development Licences ("PEDLs") 180, 181, 182 and 241, was undertaken by Tesla Exploration International ("Tesla"). A total of 1,424 vibroseis and dynamite source points were acquired with the resultant survey covering an area of approximately 49 square kilometres.Once processed, the survey will provide detailed structural data over the Broughton and Wressle trend to confirm the prospects previously mapped on multi-vintage 2-D seismic data and enable bottom-hole target locations to be defined for one or both of the prospects. It is planned to drill one or both of these prospects later in 2012 subject to technical confirmation and planning consent.The two prospects are located along an oil productive trend with the Crosby Warren producing oil field at one end and the Brigg oil discovery at the other. The Broughton-B1 well drilled by BP in 1984 flowed on test at up to 40 barrels of oil per day before being abandoned. Egdon has identified an area up-dip from the well and estimates gross Best Estimate Prospective Resource potential of 2.95 million barrels of oil ("mmbo"). The Wressle Prospect has estimated gross Best Estimate Prospective Resource potential of 3.9 mmbo in the primary Chatsworth Grit reservoir target.The joint venture partners in PEDLs 180 and 182, which contain the Broughton and Wressle prospects are:Egdon Resources U.K. Limited33.33%Europa Oil and Gas Limited33.34%Celtique Energie Petroleum Limited33.33%Commenting on the survey Mark Abbott, Managing Director of Egdon said:

"I would like to thank all the personnel of Tesla for their professionalism and commitment in acquiring good quality data in highly challenging operating and weather conditions. We now look forward to receipt of the final data in the next few months so that we can finalise our plans for drilling on this highly prospective oil trend."

Egdon Resources plc (AIM:EDR) is pleased to announce that EnCore Oil plc (“EnCore”) will assign to Egdon its 7.5% interest in a newly offered offshore licence covering part blocks 98/13 and 98/14. This assignment is a consequence of the agreement by which Egdon acquired certain UK and French assets from EnCore, and which completed in 2010.The new licence is located immediately offshore from existing Isle of Wight onshore licence, PEDL 240 where Egdon also has a 7.5% interest acquired from EnCore. The part blocks 98/13 and 98/14 cover the offshore extension from PEDL 240 of a prospect that has been mapped using both seismic and well data and is located in the same petroleum basin as the Wytch Farm oil field.The assignment is subject to approval from Department of Energy and Climate Change.Following completion the licensees in part blocks 98/13 and 98/14 will be:NP Solent Ltd62.5% (Operator)Magellan Petroleum (UK) Ltd22.5%Egdon Resources U.K. Limited7.5%Montrose Industries Ltd5.0%Oil & Gas Investments Ltd2.5%

Egdon Resources plc (AIM:EDR) is pleased to announce the farm-out of a 12.5% interest in Petroleum Exploration and Development Licence 201 (“PEDL201”) located in Nottinghamshire and Leicestershire to Terrain Energy Limited (“Terrain”) and Corfe Energy Limited (“Corfe”).Under the terms of the agreement, Terrain and Corfe will each pay 12.5% of the cost of the planned Burton on the Wolds-1 exploration well to earn a 6.25% interest. As a result Egdon’s exposure to the well is reduced from 50% to 25% up to an agreed well cost. Terrain and Corfe have also agreed the same terms with Celtique Energie Petroleum Ltd (“Celtique”).On completion the licence interests in PEDL201 will be as follows:Egdon Resources U.K. Limited37.50% (operator)Celtique Energie Petroleum Limited37.50%Terrain Energy Limited12.50%Corfe Energy Limited12.50%The transfer of interests is subject to the approval by the Department of Energy and Climate Change.PEDL201 was awarded to Egdon and Celtique in 2008 and is located on the southern margin of the Widmerpool Gulf geological basin. The Burton on the Wolds Prospect has been mapped on proprietary 2D seismic data which was acquired by Egdon in May 2011. Evaluation has highlighted a prospect with targets at two distinct stratigraphic levels. The shallower target, the Rempstone Sandstone, is productive at the nearby Rempstone oil field and is mapped as having gross Best Estimate Prospective Resources of 1.4 million barrels of oil (“mmbo”). A seismic anomaly, possibly indicative of a carbonate reef, underlies the Rempstone Sandstone and has estimated gross Best Estimate Prospective Resources of 2.17 mmbo and would represent a new play in the basin.The planned well will be shallow with a drilled depth of around 1000 metres to test both targets. A potential site has been identified and lease negotiations are progressing along with development of a planning application. Subject to planning it is intended that the Burton on the Wolds-1 well will now form part of Egdon’s planned 2012 multi-well programme in the East Midlands.Commenting on the farm-out Mark Abbott, Managing Director of Egdon said:

“The Burton on the Wolds Prospect combines a lower risk reservoir target offsetting nearby production with a higher risk, higher potential play at present untested in the basin. This farm-out agreement enables Egdon to promote the well up the drilling schedule whilst managing our risk and cost exposure on the prospect. We now expect to submit a planning application during the second quarter with a view to drilling before end 2012, subject to all statutory approvals.”

Egdon Resources plc (AIM:EDR) is pleased to announce changes to the composition of its Board as a result of the acquisition of EnCore Oil plc (“EnCore”) by Premier Oil plc (“Premier”).Andrew Lodge will join the Board with immediate effect as Premier‘s nominated non-executive director. Andrew joined Premier’s Board as Exploration Director in April 2009 from Hess where he was Vice President, Exploration, responsible for Europe, North Africa, Asia and Australia for nine years. Previously, he was Vice President, Exploration, Asset Manager and Group Exploration Advisor for BHP Petroleum, based in London and Australia. Prior to joining BHP Petroleum, Andrew worked for BP as a geophysicist. He has an honours degree in Mining Geology from the University of Wales and a Masters in Applied Geophysics from the University of Leeds. He is a Fellow of the Geological Society.Alan Booth has resigned as a non-executive Director of the Company.Andrew Geoffrey Lodge, age 55, is, or has been in the last five years, a director of the following companies:Current DirectorshipsPremier Oil plcPremier Oil Exploration ONS LimitedPremier Oil ONS LimitedPremier Oil Aberdeen Services LimitedPremier Oil and Gas Services LimitedPremier Oil Exploration LimitedPremier Oil Group LimitedPremier Oil Holdings LimitedPremier Oil UK LimitedPremier Oil Investments LimitedPremier Oil Red Sea LimitedEncore (NNS) LimitedEncore (VOG) LimitedEncore CCS LimitedEncore Gas Storage LimitedEncore Natural Resources LimitedEncore North Sea LimitedEncore Oil & Gas LimitedEncore Oil LimitedPremier Oil (Encore Exploration UK) LimitedPremier Oil (Encore Petroleum) LimitedPremier Oil Vietnam 121 LimitedPrevious DirectorshipsPKP Exploration LimitedHess (Indonesia Pangkah) LimitedHess Indonesia New Ventures LimitedTalisman (Jambi Merang) LimitedHess (Indonesia-Tanjung Aru) LimitedHess (Faroes) LimitedHess (Thailand) LimitedHess (Malaysia-SK 306) LimitedHess LimitedHess Indonesia (North Masela) LimitedHess (Indonesia-South Sesulu) LimitedHess Services UK LimitedHess Holdings UK LimitedHess (Indonesia-Blora) LimitedHess Overseas LimitedHess (Indonesia) LimitedAndrew Lodge does not have any interest in the Ordinary Shares of the Company.Commenting on the Board changes, Philip Stephens, Chairman of Egdon said;

“Andrew brings a wealth of exploration experience to the Egdon Board and we look forward to his contribution. We would also like to thank Alan Booth for his efforts over the last 18 months and wish him well in his future endeavours.”

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement to acquire the entire issued share capital of Dorset Exploration Limited (“DEL”). DEL is a private company which holds 10% interests in Production Licence PL090 and Petroleum Exploration and Production Licence PEDL237, both located in the county of Dorset. Egdon Resources U.K. Limited is operator for both these Licences with a 45% interest in each.The consideration for this acquisition will comprise £100,000 to be satisfied by the issue of new Egdon shares at completion. The number of consideration shares will be calculated based on the average closing mid-price for the five days prior to the day of completion. The commercial date of the transaction is 1 February 2012.The transaction is subject to approval of the change of control by DECC.DEL is owned and controlled by Mr. John Rix and his family members. Mr. Rix was a non-executive Director of Egdon until his retirement from the Board in late 2011.Licence PL090 contains the Waddock Cross Oil Discovery where recent extended testing has confirmed the potential for a commercial development which the joint venture group expects to sanction within the next few weeks. In PEDL237 the licence group has identified and delineated a potentially commercial accumulation of oil which was encountered in the 1959 Langton Herring North-1 well but may not have been adequately tested, and has mapped a number of structural leads at the level of the Sherwood Sands, the primary reservoir at the Wytch Farm oilfield. The licence group plans to delineate these leads, which extend into PL090, by reprocessing existing vintage 2D seismic data and/or acquiring new seismic, most likely 3D, with a view to promoting at least one into a viable, drillable prospect.Egdon estimate that the transaction will add an estimated 11 mmbo of Best Estimate Prospective Resources to Egdon’s resource inventory.The interests in PL090 and PEDL237 are as follows:Egdon Resources U.K. Limited (operator)45.00%First Oil Expro Limited26.25%Aurora Exploration (UK) Limited18.75%Dorset Exploration Limited10.00%Egdon also notes the recent announcement by the operator for Licence PEDL126 (Egdon 10% interest), Northern Petroleum plc (“Northern”), that the Markwells Wood-1 oil discovery well in the South Downs National Park Authority area has been suspended following the extended well test. The results of this test were below expectations. The possibilities for further action will now be examined by the joint venture group.Northern has also announced, as operator for Hampshire Licence PEDL125 (Egdon 10% interest), that the joint venture group has not been able to locate, rent or acquire a suitable drilling location from which to test the Hedge End Prospect, and therefore the licence will be allowed to lapse at the end of its current term. This will reduce Egdon’s Best Estimate Prospective Resources by 0.3 mmbo.Commenting on the acquisition Mark Abbott, Managing Director of Egdon said:

“The acquisition of DEL adds to our existing interests in licences where we have identified significant exploration potential in the Bridport Sandstone and Sherwood Sandstone plays. It also provides us with an additional 10% interest in the Waddock Cross oil discovery, where we anticipate a decision on development in the next few weeks.”