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Egdon Resources plc (AIM:EDR) and its partners (Blackland Park Exploration Limited (“Blackland”) and Stelinmatvic Industries Limited (“Stelinmatvic”)) are pleased to announce signature of an Opt-in Agreement (“The Agreement”) with Total E&P UK Limited (“Total”), a wholly owned subsidiary of Total SA, in respect of UK Onshore Petroleum Exploration and Development Licence PEDL209 (“The Licence”) located in Lincolnshire. The Licence covers an area of 64 square kilometres and is located adjacent to licences PEDL139/140 (the subject of the recently announced farm-in by Total) and PL161/162 where Egdon has further interests. The Licence is located in the eastern part of the Gainsborough Trough geological basin.Under the terms of The Agreement, Total will have an option to farm-in to PEDL209 exercisable until 31 December 2015, and will earn a 50% interest in The Licence by paying 100% of an exploration programme of up to £13.47 million (ca. $22 million) which would include seismic acquisition and the drilling of a well. Egdon will continue to be the operator of PEDL209 with Total becoming the operator following the carried work programme.As consideration for granting of the option, Total will make a non-refundable cash payment totalling £1,530,025 (ca. $2.5 million). Egdon will receive the sum of £918,015 (ca. $1.5 million). The farm-in is subject to approval by the Secretary of State for Energy and Climate Change.The Laughton-1 well, which is targeting a shallow conventional oil prospect in an area of the licence outside of the main shale-gas potential, will not form part of the deal. In addition two further conventional oil and gas prospects are defined as excluded areas under The Agreement.The current licence Interests and those applying to the excluded conventional prospects are;Egdon Resources U.K. Limited60%Blackland Park Exploration Limited28%Stelinmatvic Industries Limited12%Following completion of any farm-in the licence interests will be:Egdon Resources U.K. Limited30%Total E&P UK Limited50%Blackland Park Exploration Limited14%Stelinmatvic Industries Limited6%Commenting on The Agreement, Mark Abbott, Managing Director of Egdon, said:

“The Agreement demonstrates further progress with our strategy of delivering value from our unconventional resources and provides a meaningful up-front cash payment and the expectation of funding of a substantial shale-gas exploration programme in this highly prospective part of the Gainsborough Trough. Egdon retains its current 60% interest in the three conventional exploration targets which are located outside of the main shale-gas area and we look forward to drilling the shallow conventional oil prospect at Laughton, where planning consent is in place, during the second half of 2014.Total has extensive resources and worldwide experience in unconventional hydrocarbon plays and we look forward to working with them in the adjacent PEDL139/140 licences and in due course in PEDL209.”

Notes:Laughton ProspectThe Laughton Prospect is a structural trap defined on 2D seismic data. The 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 5 kilometres to the South East. Egdon currently estimate gross Mean Prospective Resources of around 1 million barrels of oil for the Silkstone Rock in the Laughton Prospect.Egdon will pay 100% of the cost of the Laughton-1 exploration well to the point of completion of the well for testing or, in the case that the well is a dry hole, abandonment and restoration of the site. Planning consent was granted by Lincolnshire County Council in July 2013 for this shallow conventional exploration well. Egdon now expects to drill the well during the second half of 2014.Two additional oil and gas prospects similar to the Laughton structure have also been identified within the Licence’s area and are excluded from the opt-in agreement.

Egdon Resources plc (AIM:EDR) and its partners (GP Energy Limited, Island Gas Limited (“IGas”) and eCORP Oil & Gas UK Limited (“eCORP”)) are pleased to announce the signature of a Farm-out Agreement (“The Agreement”) with Total E&P UK Limited (“Total”), a wholly owned subsidiary of Total SA, in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140 (“The Licences”) located in the Gainsborough Trough geological basin in Lincolnshire, whereby Egdon will hold a 14.5% interest in The Licences. The Licences cover an area of 240 square kilometres and are immediately adjacent to licences PEDL209 and PL161/162 where Egdon has further interests.Under the terms of The Agreement Total will earn a 40% interest in The Licences through the payment of $1.6 million (ca. £1 million) in back costs and the funding of a fully carried work programme of up to $46.5 million (ca. £29 million). Total has the option to exit after an initial period of this work programme corresponding to a minimum commitment of $19.5 million (ca. £12 million). The programme will include the acquisition of 3D seismic, the drilling and testing of a vertical exploration well and associated well pad construction, and, conditional on the success of the testing of the exploration well, the drilling and flow testing of a second appraisal horizontal well.The transaction is subject to approval by the Secretary of State for the Department of Energy and Climate Change.Island Gas Limited, a subsidiary of IGas Energy plc, will be appointed as the operator of The Licences on completion and Total will become operator at the end of the carried work programme.The Agreement supersedes the previous farm-out agreement with eCORP and on completion the interests in The Licences will be:Total E&P UK Limited40.0%GP Energy Limited (a subsidiary of Dart Energy Europe Limited)17.5%Egdon Resources U.K. Limited14.5%Island Gas Limited14.5%eCORP Oil & Gas UK Limited13.5%Commenting on The Agreement, Mark Abbott, Managing Director of Egdon, said:

“This announcement signals the entry of the first major into UK shale gas exploration and is a further endorsement of the potential that exists following the earlier commitments by Centrica and GDF Suez. The farm-out arrangements provide for a substantial carried work programme designed to verify the significant shale gas potential previously identified in The Licences by Egdon and its partners. Total will bring extensive resources and experience in unconventional hydrocarbon plays to the PEDL139/140 Joint Venture and we look forward to working with them and the new operator, IGas.”

Commenting on the acquisition, Patrice de Viviès, Total’s Senior Vice President for Northern Europe, said:

“This opportunity is an important milestone for Total E&P UK and opens a new chapter for the subsidiary in a promising onshore play. The Group is already involved in shale gas projects in the US, Argentina, China, Australia and in Europe in Poland and in Denmark, and will leverage its expertise in this new venture in the UK.”

For information the 2012 assessment of PEDL139/140 Resources for the Upper Bowland-Hodder Unit is given below:View or Download RPS Executive Summary Report

Egdon Resources plc (AIM:EDR) is pleased to announce the completion of the Farm-out Agreement with Total E&P UK Limited in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140.As a consequence of the various agreements between the parties, Egdon will receive $600,000 (ca. £365,000) in cash following completion.The interests in PEDL139/140 are:Total E&P UK Limited: 40.0%GP Energy Limited (a subsidiary of Dart Energy Europe Limited): 17.5%Egdon Resources U.K. Limited: 14.5%Island Gas Limited: 14.5%eCORP Oil & Gas UK Limited: 13.5%

Egdon Resources plc (AIM:EDR) today announces it has successfully completed a placing of 12,000,000 new ordinary shares (the “Placing Shares”) at a placing price of 25 pence per share to raise approximately £3.0 million (the “Placing”).The proceeds of the Placing will be used to strengthen the Company’s working capital position ahead of commencement of drilling operations in the East Midlands.Details of the placing:The Company has raised approximately £3.0 million by way of a placing of 12,000,000 Placing Shares at 25 pence per share. These Placing Shares will represent approximately 8.29 per cent. of the enlarged issued share capital of the Company.Application will be made for the Placing Shares to be admitted to trading on AIM (“Admission”). It is expected that Admission will become effective on or around 14 February 2014. Following this issue of equity, the issued share capital of the Company will be 144,787,543. The Placing Shares will rank pari passu with the existing ordinary shares.In accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules, the Company hereby announces that it has 144,787,543 ordinary shares of 1 pence in issue, each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.The above figure of 144,787,543 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

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Egdon Resources plc (AIM:EDR) announces that pursuant to the exercise of options granted under the Company‘s Enterprise Management Incentive Scheme‚ 828‚271 ordinary shares of 1 pence each have been issued and allotted.Application has been made for the admission of the 828‚271 new ordinary shares of 1 pence each to trading on AIM. It is expected that dealing in these new ordinary shares‚ which will rank pari passu in all respects with the existing ordinary shares of the Company‚ will commence on or around 7 March.Following this allotment‚ the total issued share capital of the Company has increased to 145‚615‚814 ordinary shares with an equal amount of voting rights and no shares are held in treasury.

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