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Egdon Resources plc (AIM: EDR), a UK-based exploration and production company primarily focused on the hydrocarbon-producing basins of onshore UK, today announces its audited results for the year ended 31 July 2016.Overview and Highlights Operational and Corporate Highlights

• Production up 2% to 64,604 barrels of oil equivalent (“boe”) equating to 177 barrels of oil equivalent per day (“boepd”) and in line with guidance (2015: 63,149 boe; 173 boepd)
• Decision to proceed with Wressle field development with anticipated first production of 125 bopd net to Egdon in early 2017, subject to receipt of all required consents
• Successful in the 14^th Onshore Licensing Round with the award of nine new licences within Egdon’s core focus areas increasing our net unconventional resources acreage by 43% to 200,000 acres
• Submission of Springs Road planning application in PEDL139/140 by operator IGas. Egdon is carried on up to two wells by Total and a planning decision is now expected during November
• Positive Holmwood planning decision received (PEDL143), operator Europa making preparations to drill the prospect located immediately to the west of and analogous to the Horse Hill oil discovery. Egdon is carried on the initial well by UK Oil and Gas Investments plc
• Farm-outs concluded for PEDL005R (Keddington), PEDL209 (Laughton) and PEDL182 (Broughton North Prospect)
• Completed drilling of sidetrack development well at Keddington-5 and exploration well at Laughton-1 (dry hole) fulfilling earn-in obligation to PEDL209

Financial Highlights

• Oil and gas revenues during the period of £1.59 million (2015: £2.07 million)
• Loss for the period of £2.69 million for the year ended 31 July 2016 after net write downs and impairments of £0.72 million (2015: loss of £4.47 million after net write downs and impairments of £3.62 million)
• Basic loss per share of 1.21p (31 July 2015: basic loss per share of 2.02p)
• Cash at bank £2.68 million as at 31 July 2016 (31 July 2015: £5.18 million)
• Net current assets as at 31 July 2016 of £4.18 million (31 July 2015 : £7.18 million)
• Net assets as at 31 July 2016 of £29.43 million (31 July 2015: £32.05 million)

Post Balance Sheet Events

• Completed the acquisition of a further 20% in PEDL068 in the Cleveland Basin
• Completed the acquisition of additional interests in two new 14^th Round licences, (PEDL306 and PEDL334) in the Company’s core East Midlands area
• Independent assessment reported an addition of mean undiscovered Gas Initially in Place (“GIIP”) of 20 Trillion Cubic Feet (“TCF”) to the Company’s previously assessed resource base primarily as a result of success in 14^th Licensing Round, resulting in 71% increase to a new total mean undiscovered GIIP of 48TCF

Commenting on the results, Philip Stephens, Chairman of Egdon said;“Although the past year has been particularly challenging for the energy sector, I am pleased to report that during the year we have continued to expand our areas of interest in terms of both conventional and unconventional resources assets whilst carefully and successfully managing both our cash resources and our exposure to exploration risk. We remain debt-free and on course to achieve our strategic objectives. I am particularly pleased to note the UK Government’s support for the important role that shale-gas could play in the UK’s future energy mix and feel confident in the quality of our portfolio of assets and our ability to achieve our objectives for the benefit of shareholders.”View or download 2016-11-01Egdon Preliminary Results

As a result of the exercise of share options by an employee, on 4 November 2016 Egdon Resources plc (AIM:EDR) issued 100,000 new ordinary shares of 1p each. Following this, and following the issue of the subscription shares as notified on 1 November 2016, the Company's issued ordinary share capital will be 243,745,490 ordinary shares.Application has been made to the London Stock Exchange for the 100,000 new ordinary shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence on or around 11 November 2016.The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Egdon is pleased to announce the following developments:

• Subscription agreed to raise approximately £3m (gross), by the issue of 22,222,222 Ordinary Shares at 13.5p per share to HEYCO International, Inc. (“HEYCO International”), with shares expected to be admitted to trading on AIM on 11 November 2016.
• HEYCO International is an existing shareholder of Egdon and is a wholly owned subsidiary of HEYCO Energy Group, Inc., a company with significant experience in unconventional exploration and production. Open Offer to be made as soon as practicable to all Qualifying Shareholders to raise up to a further £2.06m (gross) by the issue of up to 15,227,843 shares at 13.5p per share.

Mark Abbott, Managing Director of Egdon, commented: “We are delighted to have strengthened our balance sheet by securing this strategic funding from HEYCO International, an existing shareholder with extensive knowledge and experience of exploration and production of unconventional hydrocarbons. We are pleased that George Yates, the highly respected President of HEYCO International, has provided such positive support for our business model.” DETAILED INFORMATIONEgdon is pleased to announce a Subscription to raise gross proceeds of approximately £3m (the “Subscription”) and a proposed Open Offer of up to £2.06m (the “Open Offer”), (together the “Fundraising”).The Subscription has been undertaken with an existing shareholder, HEYCO International.It is the Board’s intention that the net proceeds of the Subscription (being approximately £2.85m, after costs of approximately £0.15m) and any funds raised from the Open Offer, together with existing cash balances and net revenue received will be used to:

• Progress the development of the Wressle oil field (subject to receipt of the necessary consents)
• Progress the Company’s 14^th Round licence evaluations
• Progress the “A” prospect to drillable status
• Make targeted investments in the Company’s existing producing assets and conventional exploration portfolio with a view to increasing production and cash flow
• Review and target potential new value adding opportunities

The Directors have given consideration as to the best way to structure the proposed equity fundraising, taking into account current market conditions, the composition of the Company’s shareholder register and the Board’s desire to give shareholders the opportunity to limit dilution where practicable.The Directors have concluded that the structure of the fundraising by way of the Subscription and Open Offer is the most suitable option available to the Company and its shareholders as a whole. The Open Offer will provide an opportunity for all Qualifying Shareholders to participate in the fundraising by acquiring Open Offer Shares pro rata to their current holdings of Existing Ordinary Shares with the option to apply to subscribe for more Open Offer Shares pursuant to an excess application facility (the “Excess Application Facility”). The Subscription is not conditional upon the Open Offer taking place. Further details of the Open Offer are set out below and will be in the Open Offer Circular, which will be sent to shareholders as soon as practicable.VSA Capital Limited (“VSA”) is acting as Financial Adviser and Joint Broker to the Company in connection with the Subscription and Open Offer and Cantor Fitzgerald Europe Limited (“Cantor Fitzgerald”) is acting as Nominated Adviser and Joint Broker.The SubscriptionThe Company has entered into an agreement with HEYCO International to issue 22,222,222 new Ordinary Shares at an issue price of 13.5p per Ordinary Share (the “Subscription Price”), by means of a Subscription. The Subscription Price represents a discount of approximately 10.0% to the Volume Weighted Average Price of an Existing Ordinary Share in the seven days prior to today.It is expected that Admission of the Subscription Shares will become effective and that dealings will commence in the Subscription Shares at 8.00 a.m. on 11 November 2016.The Open OfferIn order to provide Qualifying Shareholders with an opportunity to participate in the Fundraising, the Company is proposing to launch a 1 for 16 Open Offer of up to 15,227,843 Open Offer Shares at an issue price of 13.5p per Ordinary share, being the same price as the Subscription Price.The timing for the Open Offer will be notified in due course and will be set out in the Open Offer Circular to all shareholders, which will be sent to Qualifying Shareholders as soon as practicable and will be available on the Company’s website www.egdon-resources.com from the date this is issued.In the event that the Open Offer is not fully subscribed by Qualifying Shareholders, VSA and Cantor Fitzgerald will have the ability to place any remaining shares with other investors.The Open Offer Shares and the Subscription Shares will, upon issue, rank pari passu with the Company’s Existing Ordinary Shares.Following the issue of the Subscription Shares the enlarged ordinary share capital of the Company will be 243,645,490 Ordinary Shares. Following the issue of the Open Offer Shares (assuming full take-up under the Open Offer including the Excess Application Facility), the enlarged ordinary share capital of the Company will be 258,873,333 Ordinary Shares.HEYCO International is currently interested in 9,388,346 Ordinary Shares representing approximately 4.24% of the existing issued share capital of the Company. HEYCO International has agreed to subscribe for 22,222,222 Subscription Shares and therefore, following the Subscription, HEYCO International will be interested in 31,610,568 Ordinary Shares, representing approximately 12.97% of the Company’s issued share capital as enlarged by the Subscription.

Egdon Resources plc (AIM:EDR) is pleased to announce the results of an independent assessment prepared by ERC Equipoise Ltd (“ERCE” or “Competent Person”) in relation to certain UK Onshore Licences in which Egdon holds an interest.ERCE has provided an independent assessment of the undiscovered gas initially in place (GIIP) of ten Northern England licences – of which eight were awarded in the recent 14^th Round and two are from the 13^th Round. This assessment has applied the same methodologies used by ERCE in its April 2014 report on seven of Egdon’s licences and ERCE’s May 2014 report on the acquisition of nine of Alkane Energy plc’s licences which was completed in June 2014.ERCE has reported, an estimated Mean undiscovered GIIP of approximately 20 trillion cubic feet (“TCF”) of gas net to Egdon, with a range from approximately 7 to 38 TCF. When added to the 2014 assessment, ERCE’s independent estimates of Mean undiscovered GIIP attributable to Egdon increases to approximately 48 TCF with a range of approximately 18 to 86 TCF.ERCE’s letter to Egdon’s Board of Directors summarising the findings of the assessment has been published on the Company’s website.View or Download ERCE letterERCE’s estimates of undiscovered GIIP are subject to exploration risk, which may be considerable. ERCE has not assessed this risk as no Prospective Resources have yet been attributed to these properties by Egdon and ERCE, and further geoscientific and engineering data need to be acquired to be able to quantify these resources. ERCE notes that mining of the overlying coal measures has occurred in a number of the licences, which may affect site access and drilling operations. In the case where Prospective Resources are identified within these licences, there is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.Commenting on the report, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased that this latest ERCE report has confirmed the significant potential gas resource that may exist within certain of our licences, with a 71% increase in net Egdon estimated Mean undiscovered GIIP to 48TCF.”

Egdon Resources plc (AIM:EDR) is pleased to announce the acquisition of additional interests in two 14^th Round licences in the Company’s East Midlands core area.Egdon will materially increase its interests in two of its recently announced Egdon operated 14^th Round awards, PEDL334 and PEDL306 via an assignment of interests from Celtique Energie Petroleum Limited (“Celtique”) at no cost. These transactions will add a total of 14,428 net acres (58 km²) to Egdon’s licence holdings.East Midlands - Humber Basin

• Egdon and Petrichor Energy UK Limited (“Petrichor”) have agreed to jointly take over Celtique’s interest in PEDL334. As a result, the new equity in the licence will be Egdon 60% (from 37.5%), and Petrichor 40% (from 25%).

East Midlands - Widmerpool Basin

• Egdon and Petrichor have agreed to jointly take over Celtique’s interest in PEDL306. As a result, the new interests in the licence will be Egdon 30% (from 18.75%), Petrichor 20% (from 12.5%), Hutton Energy Limited 25%, Coronation (Oil and Gas) Limited 25%.

The transactions are subject to Oil and Gas Authority approval.Commenting on the acquisitions, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased to build on our interests in two recently awarded highly prospective14^th Round blocks. These zero cost acquisitions are consistent with our strategy of enhancing our position in our core areas where we see significant oil and gas potential.”

Egdon Resources plc (AIM:EDR) announces that its Preliminary Results for the year ended 31 July 2016 will be announced on Tuesday, 1 November 2016.An analyst meeting will be held at 9.30am on 1 November 2016 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.

View or Download TR1 - Notification of Major Interest in Shares

Egdon Resources plc (AIM:EDR) is pleased to confirm that the Oil & Gas Authority has formally issued the Company with nine new Petroleum Exploration and Development Licences (“PEDLs”) arising from the UK 14th Onshore Oil and Gas Licensing Round as previously advised. The new licences, covering a total of 18 UK National Grid blocks and part blocks with a total area of approximately 1,141 square kilometres (281,979 acres), were originally offered in two tranches in 2015.The licences are located in the East Midlands Petroleum Province and the Cleveland Basin as detailed below and expand the Company’s acreage and opportunity base within these two core areas providing a mix of new conventional and unconventional resource opportunities.East Midlands - Gainsborough Trough PEDL273 (SE31c, SE41e) Egdon 15%,IGas 35% and operator) and Total 50%.PEDL305 (SK49, SK59b) Egdon 15%, IGas 35% (operator) and Total 50%.PEDL316 (SK89e, SK88b, SK87c) Egdon 15%, IGas 35% (operator) and Total 50%.East Midlands - Humber BasinPEDL334 (TA30, TF39b) Egdon 37.5% (operator), Celtique Energie Petroleum Limited 37.5% and Petrichor Energy UK Limited 25%.PEDL339 (TF38c) Egdon 75% (operator), 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 licence to Union Jack Oil plc subject to OGA consent.East Midlands - Widmerpool BasinPEDL306 (SK52a, SK53) Egdon 18.75% (operator), Hutton Energy Limited 25%, Coronation (Oil and Gas) Limited 25%, Celtique Energie Petroleum Limited 18.75% and Petrichor Energy UK Limited 12.5%.Cleveland Basin PEDL259 (NZ51, NZ52b, NZ52c) Egdon 49.99% and Third Energy Onshore Limited 50.01% (operator). This licence surrounds part of PEDL068 in Teeside, which contains the Kirkleatham conventional gas field,and was originally offered to a consortium including Celtique Energie Petroleum Limited who withdrew from the application prior to award.PEDL343 (SE99a, TA09) Egdon 17.5%, 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%. This licence contains the Cloughton tight gas discovery (Bow Valley, 1986) around 10km north of Scarborough, also covers part of the site from which Egdon may submit plans to drill a well to test the offshore “A Prospect conventional gas discovery (Total, 1966).PEDL258 (NZ90) Egdon 100% (operator). This licence adjoins SE99a in PEDL343 above and covers the remaining part of the “A” Prospect well site.Commenting on the issue of these14^th Round licences, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased to be formally issued with these new licences that were initially offered to the Company in August and December 2015. The award of the licences strengthens Egdon's position in two of our core areas, the East Midlands and Cleveland Basins, and we can now look forward to progressing with the detailed evaluation of the blocks."

Egdon Resources plc (AIM:EDR) notes the announcement made after market close yesterday by operator IGas Energy plc (“IGas”) in relation to the decision of Nottinghamshire County Council’s Planning and Licensing Committee in respect of the Springs Road planning application. Egdon holds a 14.5% interest in PEDL140 where the proposed wells are located.The IGas statement reads as follows;“IGas Energy plc ("IGas"), one of the leading producers of hydrocarbons onshore Britain, notes that Nottinghamshire County Council has deferred its decision on the IGas planning application for exploration at Springs Road in order to consider a late legal representation. The meeting is now expected to reconvene on 15 November 2016.”