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Egdon Resources plc (AIM:EDR) is pleased to announce the farm-out of a further 5% interest in Petroleum Exploration and Development Licence 201 (“PEDL201”) located in Nottinghamshire and Leicestershire to Union Jack Oil plc (“Union Jack”).Under the terms of the agreement, Union Jack will pay 10% of the cost of the planned Burton on the Wolds-1 exploration well to earn a 5% interest from Egdon. As a result Egdon’s exposure to the well is reduced to 15% of costs. Union Jack has also agreed the same terms with Celtique Energie Petroleum Ltd (“Celtique”) to result in a 10% total licence interest.On completion the licence interests in PEDL201 will be as follows:Egdon Resources U.K. Limited32.50% (operator)Celtique Energie Petroleum Limited32.50%Terrain Energy Limited12.50%Corfe Energy Limited12.50%Union Jack Oil plc10.00%The transfer of interests is subject to approval by the Department of Energy and Climate Change.PEDL201 was awarded 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. A seismic anomaly, possibly indicative of a carbonate reef, underlies the Rempstone Sandstone. The mean combined Prospective Resources for the primary and secondary objectives, as calculated by Egdon are estimated to be 3.8 million barrels of oil.The planned well will be shallow with a drilled depth of around 1000 metres to test both targets. A planning application has been finalised and is expected to be submitted shortly. Subject to planning it is intended that the Burton on the Wolds-1 well will commence drilling late in the second quarter of 2013.Commenting on the farm-out Mark Abbott, Managing Director of Egdon said:

“We look forward to working with Union Jack in exploring the Burton on the Wolds Prospect. The prospect combines a lower risk reservoir target offsetting nearby production with a higher risk, higher potential play at present untested in the basin. This further farm-out agreement enables Egdon to manage both the technical and financial risks associated with this project.As part of our stated strategy to manage risk and accelerate activity, we have embarked on a more active marketing campaign and I am pleased to report that we are in advanced discussions regarding further farm-outs on a number of our projects. I hope to be able to report further progress with these in the coming weeks.”

Egdon Resources plc (AIM:EDR) announces that Cantor Fitzgerald Europe has been appointed as the Companys Nominated Adviser and Broker with immediate effect.This follows the acquisition of certain assets and businesses of Seymour Pierce Limited by Cantor Fitzgerald Europe. For further information see the AIM Notice dated 8 February 2013.

Egdon Resources plc (AIM:EDR) notes the release made today by Europa Oil and Gas (Holdings) plc ("Europa") advising commencement of 2D seismic acquisition in UK Onshore Licence PEDL 181 in which Egdon holds a 25% interest.PEDL 181 covers an area of 540 square kilometres in East Lincolnshire, a region with a proven hydrocarbon system. Several leads have been identified on PEDL 181 following a recent technical evaluation. Four leads in the southern part of the licence are to be the focus of the current work which will comprise the acquisition of 78 line kilometres of 2D seismic data and the reprocessing of 150 square kilometres of existing 3D seismic data over a mapped structural high trend, the Caistor anticline.Egdon looks forward to receiving the results of the 2D seismic acquisition programme together with the reprocessed 3D dataset and using them to further define the prospectivity of the PEDL 181 licence and determine the future work programme.Licence partners in PEDL 181 are:Europa Oil & Gas Limited (Operator)50%Egdon Resources U.K. Limited25%Celtique Energie Petroleum Ltd.25%

Egdon Resources plc (AIM:EDR) announces that as part of its annual salary and incentive review it has granted options to the following Directors under the terms of the Companys Enterprise Management Investment Option Scheme.DirectorNumber of Options grantedExercise Price (pence)Vesting DateExercisable UntilMark Abbott600,000101 January 201431 March 2022Jerry Field600,000101 January 201431 March 2022Following the grant of the options, which were effective at 1 January 2013, the interests of the Directors in the share capital of the Company are as follows:DirectorTotal number of Options held over Ordinary SharesNumber of Ordinary Shares heldMark Abbott1,218,4297,563,824Jerry Field1,388,6000

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement in respect of farm-outs in Petroleum Exploration and Development Licences ("PEDLs") PEDL253 and PEDL241 to Union Jack Oil plc ("Union Jack"). Additionally, Egdon and Union Jack have signed a Letter of Intent whereby Union Jack has been granted an option to acquire a 10% interest in the North Somercotes Prospect in PEDL005R and a further 5% interest in PEDL241 from Egdon.The transfer of interests is subject to approval by the Department of Energy and Climate Change.Farm-out of PEDL253PEDL253 is located in Lincolnshire to the West of the Saltfleetby gasfield and Keddington oilfield and contains the Biscathorpe Prospect.Under the terms of the farm-out, Union Jack will earn a 6% interest from Egdon in PEDL253 in return for paying 12% of the cost of the planned Biscathorpe-2 exploration well.The Biscathorpe Prospect is a four-way dip closed structure over a basal Dinantian carbonate high. The Biscathorpe structure was initially drilled by BP in 1987 with the Biscathorpe-1 well encountering a thin, oil-filled sandstone on the crest of the structure. The prospect is defined by 3D seismic data which has been reprocessed by Egdon and along with regional well data and nearby analogues indicates the potential for thickening of the sandstones off the high to the north and northeast. In addition, potential exists for stratigraphic trapping of the reservoir to the west of the structural closure. The mean Prospective Resource for the main reservoir objective, as calculated by Egdon is estimated to be 17.81 million barrels of oil.The subsurface target location to test the Biscathorpe Prospect has been defined, a surface location has been identified and terms agreed for a well site from which a vertical well can be drilled to test the primary reservoir objective. Drilling operations are planned to commence in late Q4 2013 or early Q1 2014 subject to receipt of planning and other consents.Union Jack has also agreed terms with Montrose Energy Limited to earn a further 4% interest in return for paying 8% of the well cost.On completion the interests in PEDL253 will be as follows:Egdon Resources U.K. Limited54% (operator)Montrose Energy Limited36%Union Jack Oil plc10%Farm-out of PEDL241 and OptionPEDL241 is located in Lincolnshire and contains the North Kelsey Prospect, a tilted fault block closure, defined on 3D seismic.Under the terms of the farm-out agreement Union Jack will pay 20% of the cost of the North Kelsey well to earn a 10% interest in PEDL241 from Egdon.The North Kelsey Prospect is near to the Crosby Warren oilfield and oil discoveries at Broughton and Brigg. The subsurface location to test the prospect has been identified, a surface drilling location has been identified and terms agreed. Drilling operations are planned for late Q4 2013 or Q1 2014 subject to receipt of planning and other consents.There is potential for up to four stacked reservoir intervals on the North Kelsey Prospect, namely the Chatsworth, Beacon Hill, Ravensthorpe and Santon sandstones. The mean combined Prospective Resources for these multiple objectives, as calculated by Egdon are estimated to be 6.7 million barrels of oil.On completion the licence interests in PEDL241 will be as follows:Egdon Resources U.K. Limited40% (operator)Celtique Energie Petroleum Limited50%Union Jack Oil plc10%In addition, a Letter of Intent between Egdon and Union Jack grants Union Jack an option to enter into a second Farm-In agreement for a further 5% participating Interest in PEDL241 under the same terms as above. The Letter of Intent will terminate on 31 July 2013 should the option not be exercised.North Somercotes Prospect OptionThe Letter of Intent also grants Union Jack the option to acquire a 10% Participating Interest in PEDL005R, limited to the part block which contains the North Somercotes Prospect, in return for paying 20% of the well cost. The Letter of Intent will terminate on 31 July 2013 should the option not be exercised.Located in the onshore South Humber Basin, approximately 5 kilometres north of the Saltfleetby gasfield, the North Somercotes Prospect is a gas prospect on a proven productive fairway, with a tilted fault-block closure defined on 3D seismic data. The mean Prospective Resources at the main objective, as calculated by Egdon are estimated to be 9 billion cubic feet of gas.A surface location has been identified and a planning application is in preparation. It is intended to drill a well on the North Somercotes Prospect, subject to necessary consents, during 2014 or 2015.Commenting on the farm-out Mark Abbott, Managing Director of Egdon said:

"We have a number of drill-ready 3D defined prospects in the East Midlands with the potential to add significant shareholder value. These farm-outs show further progress with our strategy designed to manage risk and accelerate activity on our planned near-term drilling programme with a view to realising this value. We are continuing to progress towards an active 2013 and 2014 drilling programme and we continue to discuss further transactions with a number of parties and hope to be able to provide further updates to shareholders in due course."

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement for the sale of a 12.5% interest in Wessex Basin Licences PL090 and PEDL237 to Corfe Energy Limited (“Corfe”) for a cash consideration of £500,000. The Waddock Cross field development area in PL090 is excluded from the transaction.In addition, under the terms of an Earn-In Agreement, Egdon will be able to earn back a 6.25% interest in both Licences through paying the costs attributable to such interest as well as the costs attributable to the 6.25% interest acquired by Corfe from Egdon up to a combined maximum of £500,000. The net financial effect of the transaction to Egdon is as if it had benefitted from a “two for one” promote on the relevant proportion of the gross £4 million work programme planned on the Licences.The parties have agreed to acquire a programme of 3D seismic over the Casterbridge prospect, the Broadmayne prospect and other prospective structures which is expected to commence during the fourth quarter of 2013. Following completion of the seismic programme and prior to the drilling of an exploration well on either of the Licences, Egdon is entitled to opt out of the Earn-In obligation but under these circumstances will re-assign its 6.25% Earn-in interest to Corfe.Corfe has also reached agreement on the same terms with First Oil Expro Limited and Aurora Exploration (UK) Limited and on completion of the Earn-In the Licence Interests in PL090 and PEDL237 will be as follows:Egdon (Operator)38.7500%First Oil Expro Limited22.6042%Aurora Exploration (UK) Limited16.1458%Corfe Energy Limited12.5000%Dorset Exploration Limited(1)10.0000%The transfer of interests is subject to approval by the Department of Energy and Climate Change.The PL090 and PEDL237 licencees have also agreed an Area of Mutual Interest in respect of the existing licence areas and certain adjacent areas.Commenting on the transaction Mark Abbott, Managing Director of Egdon said:

“The transaction with Corfe is a further example of delivery of Egdon’s “farm-out” strategy to reduce financial exposure and accelerate activity on key exploration projects and provides the impetus for the acquisition of a 3D seismic programme over the main prospective trend later in 2013. The intention is to firm-up a drilling location to test a high potential Sherwood Sandstone Prospect in 2014. We have identified two prospective structures at Casterbridge and Broadmayne where Egdon evaluate combined gross Best Estimate Prospective Resources of around 50 million barrels of oil. The planned 3D seismic programme should enable us to identify the best location for a future exploration well.Elsewhere in the area the Waddock Cross planning decision is now expected during April with a planned production start-up around mid-year, dependent upon a positive decision on planning.”

(1) Dorset Exploration Limited is a wholly owned subsidiary of Egdon Resources plc

Egdon Resources plc (AIM:EDR) is pleased to announce the award by the Department of Energy & Climate Change of a licence covering offshore blocks 41/18 and 41/19 located adjacent to the North Yorkshire coast. The licence, awarded as a result of 26th UK Seaward Licensing Round, will be a Traditional Licence with Egdon Resources U.K. Limited holding 100% interest and Operatorship.Only one well has previously been drilled in the licence area. The 41/18-1 (A339/1-2) well was drilled by Total in 1966 and was one of the earliest wells to discover hydrocarbons in the North Sea. Following acidisation, the well tested gas at rates of up to 2.5 million cubic feet of gas per day from fractured Upper Permian “Hauptdolomit” carbonates. Egdon’s preliminary evaluation indicates the potential for the drilled structure to contain substantial Prospective Resources in the range of 40 to 272 billion cubic feet of gas (“bcf”), with a mid-case of 150 bcf.Egdon intends to re-evaluate this gas discovery through a work programme which will include the acquisition, reprocessing and interpretation of existing 2D seismic data over the blocks together with detailed analysis of the previous well results and regional geological evaluation. Contingent upon confirmation of the size of the prospect and the potential resource, Egdon intends to seek consent to drill a well from an onshore location to appraise the discovery made by the original 1966 well.Commenting on the licence award Mark Abbott, Managing Director of Egdon said:

“We are delighted to have been awarded this 26th Round licence over these high potential blocks in one of our focus areas. We believe that our proposed approach of appraising and potentially developing this prospect via an onshore to offshore well could unlock the value in one of the earliest North Sea gas discoveries and we look forward to commencing our detailed technical evaluation.”

Egdon Resources plc (AIM:EDR), the UK-based onshore exploration and production company primarily focused on the hydrocarbon-producing basins of the UK and Europe, announces that its Interim Results for the six months ended 31 January 2013 will be announced on Monday 29 April 2013.An analyst meeting will be held at 9.30am on Monday 29 April 2013 at the offices of Buchanan; 107 Cheapside, London, EC2V 6DN.

View or Download Interim Results Press ReleaseView or Download Interim Results - Presentation