Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement in respect of a farm-out of the Laughton-1 exploration well and two other conventional prospects in PEDL209 to Union Jack Oil plc (“Union Jack”).Under the terms of the farm-out, Union Jack will earn a 10% interest in the Laughton-1 exploration well and two other conventional prospects in PEDL209, in return for paying 16.67% of the cost of the well. The Laughton-1 well is expected to start drilling during February 2016.The Laughton-1 well will target a structural trap at a depth of over 1,500 metres below ground level defined on vintage two-dimensional seismic data. The Laughton 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 located five kilometres to the South-East. For clarity, the operations at the site will not, either now or in the future, involve the process of High Volume Hydraulic Fracturing for shale gas.This farm-out does not include the deeper shale-gas prospectivity on PEDL209, which is located further to the south and west, and which remains subject to an option agreement with Total as announced in January 2015.On completion of this transaction, which remains subject to approval from the Oil and Gas Authority, the licence interests in the Laughton Prospect and the two other conventional prospects in PEDL209 will be:Egdon Resources U.K. Limited : 50%Blackland Park Exploration Limited : 28%Stelinmatvic Industries Limited : 12%Union Jack Oil plc : 10%Commenting on the transaction, Mark Abbott, Managing Director of Egdon said:“This farm-out helps to optimise the balance of risk and reward for the Company in the exploration of PEDL209’s conventional oil resources, reducing our financial exposure to the near-term Laughton-1 well.We are once again pleased to welcome Union Jack as a partner following on from their participation in the 2014 Wressle discovery (PEDL181), the current drilling of Keddington-5 sidetrack and the planned Biscathorpe and North Kelsey exploration wells (PEDL253 and PEDL241 respectively).”

Egdon Resources plc (AIM:EDR) is pleased to announce the commencement of drilling operations on the Keddington-5 conventional sidetrack development well in UK Onshore Licence PED005R located in Lincolnshire.Keddington-5 is a sidetrack of the Keddington-4 production well and is designed to target an area of the field where the sandstone reservoir has not been produced. The intent is to increase production and profitability from the field. Operations are expected to complete in early February.Based upon an integrated geological and geophysical evaluation, Stock Tank Oil Initially in Place estimates indicate that the well will target an undrained volume that ranges between 309,000 and 566,000 barrels of oil.The Keddington Oil Field was discovered in 1998 by Candecca and brought onstream the same year. Egdon acquired the then shut-in field from Roc Oil GB Limited in March 2007 and production was restarted in June 2007. Egdon has previously drilled two horizontal sidetrack wells, which produce oil from two Carboniferous age sandstones at a depth of around 2,200 metres. Egdon farmed-down its interest in the Keddington Oil Field in August 2015 to Terrain Energy Limited and Union Jack Oil plc, reducing its working interest from 75% to 45% and reducing its paying interest on the Keddington-5 well to 15%.The Keddington Field interests are as follows:Egdon Resources U.K. Limited45% (Operator)Terrain Energy Limited35%Nautical Petroleum Limited*10%Union Jack Oil plc10%*Nautical Petroleum Ltd is a 100% wholly owned subsidiary of Cairn Energy PLCCommenting on the start of drilling operations at Keddington-5, Mark Abbott, Managing Director of Egdon, said:“We are pleased to report the commencement of drilling operations at Keddington-5 and look forward to the potential for increased production and profitability from this mature field.”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).

The Company has been informed that Andrew Lodge, non-executive Director, purchased 500,000 ordinary shares in the Company on 4th January 2016 at a price of 9.5 pence each. Mr Lodge's total beneficial shareholding in the Company is now 500,000 ordinary shares, representing 0.23 per cent of the issued share capital of the Company.

Egdon Resources plc (AIM:EDR) is pleased to announce the appointment of Paul Jenkinson as a Non-Executive Director of the Company with immediate effect. Paul is Chief Executive Officer of Alkane Energy plc, which holds 40,000,000 ordinary shares of Egdon representing approximately 18 per cent. of Egdon’s issued share capital. As a result of Paul’s appointment, Neil O’Brien, who has been Alkane’s representative non-executive director on the Egdon Board, has resigned with immediate effect.Paul Thomas Hardman Jenkinson, aged 55, is currently a Director of, or during the past five years has been a Director of, the following companies:Current DirectorshipsAlkane Biogas LimitedAlkane Energy plcAlkane Energy UK LimitedAlkane Services LimitedCoalgas (Cymru) LimitedCoalgas (Europe) LimitedDarent Power LimitedEastern Pegasus LimitedLeven Power LimitedMW Renewables LimitedNewland Energy LimitedRegent Park Energy LimitedSeven Star Natural Gas LimitedFormer Directorships (held in the previous five years)Ascent Integrated Support Services LimitedBioGen Power LimitedBiossence (East London) LimitedPartygamesuk LimitedThere are no other details regarding the appointment of Paul Jenkinson that require disclosure under the AIM Rules.

Egdon Resources plc (AIM:EDR) is pleased to advise that the Company is to be offered 11 blocks and part-blocks in the second Tranche of the UK 14th Onshore Oil and Gas Licensing Round as announced today by the Oil and Gas Authority (“OGA”). These are in addition to the 7 blocks and part-blocks the Company was offered in the first Tranche as advised in August 2015. The OGA will now progress towards issuing Petroleum Exploration and Development Licences (“PEDLs”) over the blocks offered in the two Tranches.In the 14^th Round as a whole, Egdon has been offered interests in a total of 18 blocks and part blocks which will translate into 9 new PEDLs. The new licences will cover a total area of approximately 1126 square kilometres (278,220 acres). This represents a significant proportion of the blocks for which Egdon applied. The new blocks to be offered are located in the East Midlands Petroleum Province and the Cleveland Basin and expand the Company’s acreage and opportunity base within these two core areas providing a mix of new, conventional and unconventional resource opportunities.The blocks to be offered to Egdon in the second Tranche are:East Midlands - Gainsborough Trough

• SE31c : Egdon 15%, joint venture with Island Gas Energy PLC (“IGas”) (35%, operator) and Total E&P UK Limited (“Total”) (50%), adjoins SE41e offered to the partnership in the first Tranche.
• SK59b : Egdon 15%, joint venture with IGas (35%, operator) and Total (50%), adjoins SK49 offered to the partnership in the first Tranche.

East Midlands - Humber Basin

• TA30, TF39b : Egdon 37.5% and operator, joint venture with Celtique Energie Petroleum Limited (37.5%) and Petrichor Energy UK Limited (25%).
• TF38c : Egdon 75% and operator, joint venture with 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 block to Union Jack Oil plc subject to OGA consent.

Cleveland Basin

• NZ51, NZ52b, NZ52c : Egdon 33.333%, joint venture with Third Energy Onshore Limited (33.334%,operator) and Celtique Energie Petroleum Limited (33.333%), surround part of PEDL068 in Teeside which contains the Kirkleatham gas field.
• SE99a, TA09 : Egdon 17.5%, joint venture with 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%), contain the Cloughton tight gas discovery (Bow Valley, 1986) ca. 10km north of Scarborough, also cover part of the site from which Egdon plans to drill a well to test the offshore “A” Prospect gas discovery (Total, 1966).
• NZ90 : Egdon 100%, adjoins SE99a above, covers part of the site for the “A” Prospect well.

Commenting on the 14^th Round offers, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are delighted with this outcome in what has been a very competitive Licensing Round. The blocks we have been offered in the 14^th Round overall will provide further significant opportunities to grow our business and will be excellent additions to Egdon’s portfolio of UK exploration and development assets. The award of NZ90A and SE99A in the Cleveland Basin meanswe can now also push ahead with the consenting process for the proposed well to test the considerable potential of the offshore “A” Prospect. As an established operator with a strong licence holding, we are encouraged by the high level of interest shown in the UK Onshore and are pleased that our good reputation and partnering strategy in the 14^th Round helped us to secure these new licences. We look forward to progressing our evaluations of the new acreage whilst continuing to engage with local stakeholders, and will update shareholders in due course.View the UKOOG 14th Round Fact Sheet for answers to some common questions and concerns.Click below to view a map of Egdon's 14th Round licence offers

The Company has been informed that following today’s announcement in relation to the 14^th Round, Mark Abbott, Managing Director, purchased 150,000 ordinary shares in the Company at a price of 9.875 pence each via his SIPP. Mr Abbott's total beneficial shareholding in the Company is now 7,813,824 ordinary shares, representing 3.53 per cent of the issued share capital of the Company.

The Directors of Egdon Resources plc are pleased to announce that at the Annual General Meeting held at the offices of Norton Rose Fulbright on 3 December 2015, all resolutions put before shareholders at the meeting were duly passed unanimously.

At the meeting, Managing Director Mark Abbott presented a review of the business. The presentation will be available and can be accessed from the Company's website: www.egdon-resources.com.

Details of the voting and proxies received can be viewed here

View or Download Full Release

Egdon Resources plc (AIM:EDR) announces that as part of its annual incentive review it has granted options to the following Directors.DirectorNumber of Options grantedExercise Price (pence)Vesting DateExercisable UntilMark Abbott979,3819.71 August 201631 December 2026Jerry Field824,7429.71 August 201631 December 2026Following the grant of the options, which are effective 14^th November, 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 Abbott2,561,5357,563,824Jerry Field2,497,6170In addition the Company has granted options to employees on the same basis as Directors. The total number of options granted to Directors and employees of the Company is 4,134,021.

View or Download Final Results Press Release

Egdon Resources plc (AIM:EDR) is pleased to provide an update on operations and plans for the Wressle oil and gas discovery located to the east of Scunthorpe in Lincolnshire on licence PEDL180 where Egdon operates with a 25% interest.

As announced previously, it had been the PEDL180 joint venture (JV) partners’ intention to undertake further well test operations on both the Ashover Grit and Penistone Flags intervals. However, since completion of the Extended Well Test (“EWT”) operations in early September 2015, the group has completed a detailed review of the data gathered to date and are now sufficiently comfortable to continue working towards compiling a field development plan (“FDP”) without requiring further time-consuming and costly testing operations.

As previously reported, flow rates from the Ashover Grit measured in the initial testing phase (80 barrels of oil per day (“bopd”)) were affected by localised near well bore formation damage (high “Skin” factor) and so are not representative of the flow rates that could be attained from this interval. Reservoir engineering analyses of the well test pressure and production data indicates that initial production rates in excess of 500bopd could be anticipated if the effects of the “Skin” can be successfully countered. It is therefore the JV’s intention that plans for the development of Wressle will include a comprehensive suite of operations and procedures, designed to mitigate the impact of the “Skin” on production rates, which form part of the initial workover programme for the well to prepare it for long-term production.

Egdon and the PEDL180 partners now plan to progress to an agreed FDP for Wressle with a view to it being ready in Q1 2016 for submission to the Oil and Gas Authority (“OGA”) for approval. The FDP will be compiled using drilling and test data from the well together with reprocessed 3D seismic data to quantify the developable resource volumes attributable to Wressle. In addition, planning and permitting applications will also be required to be submitted to North Lincolnshire Council and the Environment Agency.

Production from Wressle is currently expected to be phased, with initial development focused on the Ashover Grit oil reservoir.

Commenting on the update, Mark Abbott, Managing Director of Egdon Resources said:

“We are delighted that the petroleum engineering and geotechnical work conducted to date has given the PEDL180 joint venture sufficient confidence to move directly towards FDP preparation for Wressle, without further costly and time-consuming testing. We are now focussed on delivering the required consents to enable us to commence commercial oil production from the Ashover Grit in H2 2016.”

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 (“bbl”) of oil. This will be updated following a review of the drilling and test data together with the results of the interpretation and mapping of the re-processed 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 July 2015. Zone 3A was initially produced by sucker rod pump and was then allowed to free flow to surface after the wellbore and perforations had fully cleaned-up. Over the full 13 day period the following separator cumulative volumes were produced: - 1,127 barrels (“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) announces that its Preliminary Results for the year ended 31 July 2015 will be announced on Tuesday, 3 November 2015.An analyst meeting will be held at 9.30am on 3 November 2015 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.

Egdon Resources plc (LSE: EDR) is pleased to note that Europa Oil and Gas (Holdings) plc (“Europa”) has today announced that the Surrey County Council’s Planning & Regulatory Committee has granted permission for the underground drilling corridor for the Holmwood Exploration Well in PEDL143 in Surrey.Europa’s RNS contained the following information:“Europa Oil & Gas (Holdings) plc … is pleased to confirm that Surrey County Council’s Planning & Regulatory Committee has granted permission for the underground drilling corridor of an exploratory borehole at the Holmwood prospect (‘Holmwood’) in the PEDL143 licence in the Weald Basin. Europa holds a 40% interest in PEDL 143, which contains the conventional Holmwood prospect, alongside Egdon Resources (18.4%), Altwood Petroleum (1.6%), Warwick Energy (20%) and UK Oil & Gas Investments (20% subject to completion of farm-in).The Holmwood prospect is to be drilled as a deviated exploration well. Europa and its partners now have planning permission for both the surface site and the underground drilling corridor. Next steps will include fulfilment of planning conditions and commencement of detailed drilling planning and environmental permitting. It is anticipated that drilling will take place in late 2016 or in 2017. Europa and its partner Warwick Energy intend to farm out some of their combined 60% equity in licence PEDL 143. The farm out process has already commenced and further updates will be provided as when it is appropriate to do so. 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 remitted appeal on 7 August 2015 and Surrey County Council allowed planning permission for the underground drilling corridor on 23 September 2015.Europa provided the following information in its Geological Proof of Evidence submitted at the Planning Inquiry in April 2015: “In the event of a successful oil discovery at Holmwood and based on the most likely resource in place then the field is projected [by Europa] to have a Present Value of around £137 million at 60 $/bbl oil price in 2015 rising to 92 $/bbl by 2018 and inflated at 2% thereafter. After taking costs and discounting into account the Net Present Value to the Government based on current taxation rates will be around £86 million with around £51 million accruing to the Licensee group. As such the Holmwood prospect is considered of material value to both the Government and the Licensee.” CEO Hugh Mackay said “Following Surrey County Council’s favourable decision, we are meeting with our joint venture partners and reviewing plans to take the Holmwood prospect forward to drilling. With gross mean un-risked prospective resources of 5.6 million barrels of oil, as estimated in a CPR published in June 2012, Holmwood would be the UK’s fifth largest onshore field were the mean resources case to be proved by drilling success. Combined with a one in three chance of success, we therefore regard Holmwood as one of the best undrilled conventional prospects in onshore UK..”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 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 plcEgdon 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).

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 (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 (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) 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 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).