Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement in respect of a further farm-out of Licence PEDL253 to Union Jack Oil plc (“Union Jack”). Union Jack originally farmed-in to the licence in March 2013.Under the terms of this new farm-out, Union Jack will earn an additional 1.2 % interest in PEDL253 from Egdon in return for paying 2.4% of the costs of the planned Biscathorpe-2 exploration well. Union Jack has also agreed terms with Montrose Industries Limited to earn a further 0.8% interest in PEDL253 in return for paying 1.6% of the well costs.On completion of these new farm-outs the interests in PEDL253 will be:Egdon Resources U.K. Limited 52.8% (Operator)Montrose Industries Limited 35.2%Union Jack Oil plc 12.0%As previously announced, Planning Consent was awarded for the Biscathorpe-2 well in March 2015. Under the terms of the farm-out agreements, Egdon’s share of the well costs will now be reduced to 45.6% as a result of Union Jack carrying in total 7.2% of the costs for Egdon. The transfer of interests is subject to approval by the Oil and Gas Authority.The Biscathorpe Prospect is located approximately 15 kilometres to the west of the Keddington oil field and 36 kilometres to the south-east of the Wressle-1 discovery currently being tested by Egdon. It is defined on 3D seismic data and was previously explored by BP in 1987 with the Biscathorpe-1 well drilled in a structurally crestal location. That well penetrated a thin basal sandstone unit which is interpreted to have been oil bearing but was not tested. The sand unit is expected to thicken down-dip from the crest of the structure and there is also potential for stratigraphic trapping to the west which could increase the expected gross prospective resources as assessed by Egdon from a Best Estimate case of 14 mmbo up to a High case of 41 mmbo.Commenting on this latest farm-out, Mark Abbott, Managing Director of Egdon Resources plc, said ;“While this is only a relatively small scale additional farm-out, we are encouraged by Union Jack’s continued confidence in the prospectivity of the Biscathorpe structure, which we plan to test later in 2015 with the Biscathorpe-2 well.”

View or download full release

Egdon Resources plc (AIM:EDR) is pleased to announce the commencement of an 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 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 and the Penistone Flags.Surface facilities and other equipment required for the EWT including a beam pump (“nodding donkey”), down-hole pump, and pump rods have now been installed.The EWT will focus first on the Ashover Grit , which will be tested for up to 28 days to determine production rates under pumped conditions. During February this zone flowed 80 barrels of oil per day (“bopd”) and 47 thousand cubic feet of gas per day during a 16 hour main flow period. The oil is of good quality with a gravity of 39-40° API.The Ashover Grit will then be isolated and the oil leg in the Penistone Flags tested for up to 28 days, again to determine production rates under pumped conditionsWe will inform shareholders of progress at key points during the EWT, with the first update anticipated to be the results of the pumped testing of of the Ashover Grit.Commenting on the commencement of the EWT at Wressle, Mark Abbott Managing Director of Egdon Resources said;“The earlier testing of the Wressle-1 discovery in Q1 2015 was very successful with combined production rates of 710 barrels of oil equivalent per day from the four zones tested.We now look forward to the results of this EWT programme which will provide further valuable information on the Ashover Grit and Penistone Flags reservoirs and enable us to determine commerciality and optimise potential field development and monetisation options for the Wressle discovery.”

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement with Celtique Energie Petroleum Ltd. (“Celtique”) to acquire an additional 40% interest in Lincolnshire Licence PEDL241 for a nominal consideration.Under the terms of the agreement, Egdon will increase its interest in the licence from 40% to 80%. PEDL241 contains the North Kelsey Prospect which is located approximately 10 kilometres to the south of the Wressle-1 discovery well in PEDL180. The prospect is defined on 3D seismic data and has potential for up to four stacked conventional reservoir intervals in the Chatsworth, Beacon Hill, Raventhorpe and Santon sandstones. The estimate of gross mean combined Prospective Resources for these multiple objectives, as calculated by Egdon is 6.7 million barrels of oil. Planning Consent was received for the North Kelsey-1 well in December 2014. Timing of well operations is restricted by planning conditions and as such it is now anticipated that they will commence during Q1 2016.The transfer of interest is subject to approval by the Oil and Gas Authority.Following completion of this transaction (and a separate transaction between Union Jack Oil plc and Celtique) the interests in PEDL241 and the planned North Kelsey-1 well will be:Egdon Resources U.K. Limited 80% (Operator)Union Jack Oil plc 20%Under the terms of a farm-in agreement with Union Jack plc, Egdon will be carried by Union Jack for 10% of the North Kelsey-1 well costs.

Egdon Resources plc (AIM:EDR), the UK-based exploration and production company with a primary focus on the hydrocarbon-producing basins of the onshore UK, today announces its unaudited interim results for the six months ended 31 January 2015.Overview and Highlights Operational and Corporate Highlights

• Production of 27,232 barrels of oil equivalent (“boe”) equating to 148 barrels of oil equivalent per day (“boepd”) (H1 2014: 35,773 boe; 194 boepd)
• Revised full year production guidance of 180 boepd
• Successful drilling and testing of the Wressle-1 oil and gas discovery in Lincolnshire which produced hydrocarbons from four test intervals
• Strong project pipeline developed including planning permission secured at North Kelsey and Biscathorpe
• Ongoing development of licence portfolio with conventional and unconventional resource potential via the acquisition of Yorkshire Exploration Limited (PEDL068) and exercise of the option with Scottish Power to farm in to PL161 and PL162
• Disposal of interests in two non-core licences in Southern England, PEDL126 and P.1916
• Submission of applications in the 14^th UK Onshore Licensing Round

Financial Highlights

• Oil and gas revenues during the period of £0.91 million (H1 2014: £1.41 million)
• Loss for the period of £1.74 million including losses on disposals/farm-outs and impairments in relation to Waddock Cross, Burton on the Wolds and Kiln Lane (H1 2014: profit of £0.83 million including gains on a farm-out).
• Net current assets as at 31 January 2015 of £9.15 million (H1 2014: £2.04 million) and cash at bank as at 31 January 2015 of £6.51 million (H1 2014: £1.17 million)
• Strong balance sheet to deliver on work programme and strategy

Commenting on the results, Philip Stephens, Chairman of Egdon said: “The Company has continued to make good progress on implementing its strategy against a backdrop of reduced oil prices. The Wressle oil and gas discovery has been successfully drilled and tested at rates exceeding 700 boepd combined from four intervals. We are now working towards the early development of this discovery and expect Wressle to add to our existing production and revenues. We have continued the development of our Northern England unconventional resource exploration portfolio, with the exercise of our option on PL161 and PL162 and ongoing detailed assessment of the acreage acquired from Alkane Energy. We have seen a further high value farm-out deal between IGas and INEOS in recent weeks and Egdon continues to review the best timing to introduce a suitable funding partner into our high quality unconventional resource acreage. We anticipate undertaking further drilling for conventional resources in the coming period on the back of successful planning applications, and, subject to receipt of all necessary consents, participation in the first exploration well for unconventional resources in the Gainsborough Trough. Our strong balance sheet leaves us well positioned to enable us to deliver on our forthcoming work programme and strategy.”View or Download Interim Results Press Release

Egdon Resources plc (AIM:EDR) announces that its Interim Results for the six months ended 31 January 2015 will be released on Tuesday, 21 April 2015.

An analyst briefing will be held at 9.30am on 21 April 2015 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.

Egdon Resources plc (AIM:EDR) is pleased to announce the results of the second Penistone Flags flow test at the Wressle-1 oil and gas discovery in licence PEDL180 located to the East of Scunthorpe, where Egdon operates with a 25% interest.Zone 3a in the Penistone Flags was perforated over a 7.5 metre interval and has 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 approximately 77 barrels of oil per day (bopd).To date, the Wressle-1 well has flowed oil and gas from three separate reservoirs, the Ashover Grit, the Wingfield Flags and the Penistone Flags. The flow test result from Zone 3a has confirmed the presence of an oil column below the gas leg in Zone 3 of the Penistone Flags.The downhole pressure and oil sample data from all tests will now be interpreted and integrated into an updated field model to inform future development planning. The next steps in evaluating the discovery will be to undertake a pumped extended well test (EWT) of the Ashover Grit and Penistone Flags oil intervals to quantify the production levels that could be attained during production.Commenting on the test results and the planned forward programme at Wressle, Mark Abbott Managing Director of Egdon Resources said;“The results from Wressle continue to be very positive. The latest test has confirmed the presence of an oil column below the gas zone in the Penistone Flags, albeit in tighter sandstones. To date the well has successfully flowed hydrocarbons from four discrete intervals, with the Penistone Flags delivering a facilities restrictedgas flowrate of 1.7 mmcfd, plus an aggregate 89 bopd; free-flowing rates of up to 182 bopd and 0.46 mmcfd from the Wingfield Flags and 80 bopd from the Ashover Grit. This totals 710 barrels of oil equivalent per day from all zones.We are now planning a pumped EWT to validate the optimised production potential that could be obtained from the Wressle discovery. We will now focus on integration and interpretation of the engineering and geotechnical data that will provide the information needed to quantify the resource volumes and optimise the field development and monetisation options. The EWT is planned to commence in mid May with operations expected to continue for up to two months.”

Completion of drilling operations at the Kiln Lane-1 Exploration Well on PEDL181Egdon Resources plc (LSE: EDR) notes that Europa Oil and Gas plc ("Europa") has today announced the completion of drilling operations at the Kiln Lane-1 Exploration Well on PEDL181 where Egdon holds a 25.0 per cent interest.Europa’s RNS contained the following information:“Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, announces the completion of drilling operations at the Kiln Lane-1 conventional exploration well (‘Kiln Lane’ or ‘the Well’) on Licence PEDL 181 in Northeast Lincolnshire. The Well spudded on 23 February 2015 and reached a total depth (‘TD’) of 2,291 metres on 19 March. Sandstones in the Westphalian and Namurian intervals were penetrated in line with the pre-drill geological model and significant oil and gas shows were observed during drilling operations. However, wireline logging and subsequent petrophysical analysis indicates that the sandstones encountered are water wet. The Well will therefore be plugged and abandoned and the site restored to agricultural use.Europa is operator of and has a 50% working interest in PEDL 181, which covers an area of over 540 km2 in the East Midlands Petroleum Province. Egdon Resources and Celtique Energie Petroleum Ltd each have a 25% interest in the Licence. Europa and its partners will conduct a detailed post-drill technical review of all relevant well and seismic data to determine the way forward with this large exploration licence.Europa’s CEO, Hugh Mackay said, “While we are disappointed with the outcome, Kiln Lane was drilled on schedule, on budget and safely. This is testament to the performance of both our own technical team and the engineering crew on the ground. Kiln Lane was the first well to be drilled on this large licence where multiple leads have been identified. The presence of hydrocarbon shows is encouraging and the quality of data recovered will enable clear decision making going forwards. Over the coming weeks and months more technical work will be conducted on all the data and geological samples recovered from the well as we refine our hydrocarbon system model and plan our next steps for the Licence.”

Egdon Resources plc (AIM:EDR) is pleased to advise that at today's Planning and Regulation Committee Meeting of Lincolnshire County Council, planning consent was granted for the drilling and any subsequent testing of the Biscathorpe-2 exploration well in Lincolnshire licence PEDL253.

The Biscathorpe Prospect is located on farmland to the west of the hamlet of Biscathorpe, approximately 15 kilometres to the west of the Keddington oil field and approximately 36 kilometres to the south-east of the Wressle-1 discovery currently being tested by Egdon in PEDL180.

The Biscathorpe Prospect is a large anticlinal structure mapped on reprocessed 3D seismic data. Oil was discovered but not tested in a thin Basal Westphalian/Namurian Sandstone unit in the Biscathorpe-1 well drilled by BP in 1987 on the crest of the structure. The sand unit is predicted to thicken away from the crest of the structure and there is also potential for stratigraphic trapping in the west which if present could increase the expected total prospective reserves from an Egdon assessed Best Estimate case of 14 mmbls up to a High case of 41 mmbls. The same sand unit is the producing reservoir in the Egdon operated Keddington oil field.

We will review the planning conditions and advise in due course on the final timing of the well.

For clarity, operations at this site will not - either now or in the future - involve the process of hydraulic 'fracking' for shale gas.

The interests in the Biscathorpe-2 well are:

Egdon Resources U.K. Limited 54% (Operator)

Montrose Industries Limited 36%

Union Jack Oil plc 10%

Under the terms of a farm-in agreement, Egdon will be carried by Union Jack plc for 6% of the Biscathorpe-2 well costs making its paying interest 48%.

Commenting on the planning decision Mark Abbott, Managing Director of Egdon said;

"We are delighted to receive planning consent for the drilling of the Biscathorpe-2 exploration well. The well will expose Egdon to significant resource potential and we will now work through the various planning conditions to be in a position to drill the Biscathorpe-2 well later in 2015. During the current challenging low oil price environment for our industry, the low capital, development and operating costs of onshore UK operations means that prospects like Biscathorpe remain commercially attractive.

We recognise the sensitivity of the area in which we will be operating and will, as always endeavour to ensure our operations are undertaken in such a way as to minimise our impact on the environment and without any disruption to our neighbours."

Egdon Resources plc (AIM:EDR) is pleased to provide a further update on the ongoing well test 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.Test operations have now been completed on the first set of perforations in Penistone Flags reservoir (“the Penistone”), the last of three hydrocarbon bearing zones identified in the well.The Penistone test produced gas at restricted flowrates of up to 1.7 million cubic feet of gas per day (“mmcfd”) with associated oil of up to 12 barrels of oil per day (“bopd”) and no free water from a 9 metre perforated zone at the top of the formation. Gas flow rates were constrained by the equipment and flaring limits imposed by the environmental permit. The gas and oil are of good quality with the oil having a gravity of 35^o API. The downhole pressure data recorded during the testing will now be analysed to estimate the gas flow rates that could be achieved under production, unconstrained by the flare and permit restrictions.A further test will now be undertaken to evaluate the gas-oil and oil-water contacts in the Penistone by perforating the formation deeper in the section. Following this it is intended to isolate the Penistone and Wingfield Flags perforations to enable a longer term pumped production test of the Ashover Grit to be undertaken to further “clean-up” the formation and determine the potential pumped production rate for this formation. All of the data gathered from the test operations will be integrated into a full evaluation of the Wressle discovery to enable an updated resource assessment and to inform the options for field development. We will provide shareholders with updates as work on monetising Wressle progresses.Commenting on the test results and the planned forward programme at Wressle, Mark Abbott Managing Director of Egdon Resources said;“We are very encouraged by the early test results from the Wressle-oil and gas discovery. All three zones tested have produced hydrocarbons to surface, with a restrictedflowrate of 1.7 mmcfd from the Penistone Flags, free-flowing rates of up to 182 bopd and 0.46 mmcfd from the Wingfield Flags and 80 bopd from the Ashover Grit. We now look forward to the results of our work to identify the location of the expected oil leg in the Penistone and to seeing what oil rates can be achieved with pumping of the Ashover Grit. We will now be working hard to integrate these test results into our models of the Wressle discovery to enable us to update our resource assessment and to plan for the development of the field where we will look to maximise value from both the oil and gas. "

Egdon Resources plc (LSE: EDR) notes that Europa Oil and Gas plc ("Europa") has today announced the commencement of drilling operations at the Kiln Lane-1 Exploration Well on PEDL181 where Egdon holds a 25.0 per cent interest.Europa’s RNS contained the following information:“Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, is pleased to announce its Kiln Lane -1 conventional exploration well (‘Kiln Lane’) on Licence PEDL 181 in Northeast Lincolnshire spudded at 7:06 hours on 23^rd February 2015. The Company estimates Kiln Lane has mean gross un-risked recoverable resources of 2.9 million barrels of oil. Europa is operator of and has a 50% working interest in PEDL 181, which covers an area of over 540 km2 in the East Midlands Petroleum Province. Egdon Resources and Celtique Energie Petroleum Ltd each have a 25% interest in the Licence.The planned well will be drilled as a straight hole to a total depth of approximately 2,500 metres. Europa anticipates drilling operations will take 36 days. The Kiln Lane prospect is a robust structural closure defined on 3-D seismic data and the well has been designed to intersect a number of prospective Upper Carboniferous age sandstone reservoirs in a structurally favourable position near the crest of the structure. Kiln Lane is located some 25 km east of both Europa’s Crosby Warren field, which has been producing oil for almost 28 years, and the recent Egdon-operated Wressle-1 oil discovery in PEDL 180 in which Europa has a 33.3% interest. The prospect is a typical East Midlands Petroleum Province oil play but in a comparatively underexplored part of the basin.In the event of exploration success Europa will suspend the well and return with a dedicated test rig for production testing operations in a similar fashion to the current testing operations at Wressle. Should production testing prove successful we will follow up with an extended well test with the intention of obtaining more detailed reservoir performance information to enable fast track development. Success at Kiln Lane also has the potential to substantially de-risk a number of other exploration leads in the licence area for possible follow-up drilling. Kiln Lane is a conventional exploration well targeting oil in Upper Carboniferous sandstone reservoirs. It is not a shale gas well and therefore operations at the site will not involve hydraulic fracturing.Europa’s CEO, Hugh Mackay said, “"We are delighted to commence operations on the Kiln Kane conventional oil prospect and we look forward to updating shareholders with the results from this well towards the end of March. I wish to thank our geoscience, operations and permitting teams all of whom have delivered excellent performance and have brought the well to spud on schedule against a tight timeframe. We are encouraged by the recent discovery of oil at the neighbouring Wressle well and we hope that Kiln Lane will be similarly successful and provide another opportunity to build on our existing oil production and revenues from conventional oil fields in the East Midlands Petroleum Province."

Egdon Resources plc (AIM:EDR) is pleased to provide a further update on the ongoing well test operations at the Wressle-1 oil discovery in licence PEDL180 located to the East of Scunthorpe, where Egdon operates with a 25% interest.Test operations have now been completed on the Wingfield Flags reservoir, the second of three potentially hydrocarbon bearing zones identified in the well. Oil production rates equivalent of up to 182 barrels of oil per day (“bopd”) of good quality 39-40 API oil were achieved on free flow, along with up to 456 thousand cubic feet of gas per day.The final zone will now be tested, but it is already intended to undertake a longer term pumped production test to determine how best the field can be developed.Details of the TestingTest operations have now been completed on the Wingfield Flags reservoir, the second of three potentially hydrocarbon bearing zones identified in the well. An interval of three metres was perforated (1,937 to 1,940 metres measured depth) and following an initial “clean-up” oil and gas flow, two flow tests were carried out using different choke sizes to attempt to optimise oil flowrates - from what proved to be a high Gas Oil Ratio (GOR) oil during the clean-up period:

• During the initial free flowing test using a 16/64” choke, oil production rates equivalent to 116 barrels of oil per day (“bopd”) were achieved during a four hour main flow period along with 341 thousand cubic feet of gas per day. No appreciable volumes of water were observed.
• During the second free flowing test using a wider 32/64” choke, oil production rates equivalent to 182 barrels of oil per day (“bopd”) were achieved during a five hour main flow period along with 456 thousand cubic feet of gas per day. Again no appreciable volumes of water were observed.
• The oil is of good quality with a gravity of 39-40^o

Down-hole pressure data, recorded during the main flow and subsequent shut-in build-up period, will now be analysed to evaluate the nature of the reservoir permeability to determine the increased production rates that could be achieved during pumped production.The Wingfield Flags interval will now be isolated with a bridge-plug and test operations will continue on the final zone, the Penistone Flags, where hydrocarbons are indicated from log data and gas chromatograph analysis. We will provide further updates as and when results are known from this interval.Given the encouraging free-flow test results from the Ashover Grit and Wingfield Flags it is intended to undertake a longer term pumped production test subsequent to the completion of current test programme.Commenting on the Wingfield Flags flow test results, Mark Abbott Managing Director of Egdon Resources said;“These are very encouraging results, with free-flowing rates of up to 182 bopd from the Wingfield Flags and 80 bopd from the Ashover Grit zone tested last week. We now look forward to flow testing the final interval the Penistone Flags which could add further substantial production potential to that achieved from the Wingfield Flags and the Ashover Grit. We are progressing with plans for an extended well test to provide an assessment of longer term production performance under pumped conditions, to confirm commerciality and provide the data required in planning for the development of the Wressle oil and gas discovery. As previously stated the low capital and operating cost of UK onshore developments make developments such as Wressle commercially attractive even in today's lower oil price environment. We look forward to updating shareholders further following the Penistone Flags test."

Egdon Resources plc (AIM:EDR) is pleased to provide an update on the ongoing well test operations at the Wressle-1 oil discovery in licence PEDL180 located to the East of Scunthorpe, where Egdon operates with a 25% interest.Test operations have now been completed on the Ashover Grit reservoir, the first of three potentially hydrocarbon bearing zones identified in the well. An interval of 9.5 metres was perforated (2006.1 to 2015.6 metres measured depth) and following an initial “clean-up” flow, free flowing oil production rates equivalent to 80 barrels of oil per day (“bopd”) were achieved during a 16 hour main flow period along with 47 thousand cubic feet of gas per day. No appreciable volumes of water were observed. The oil is of good quality with a gravity of 39-40^o API.Down-hole pressure data, recorded during the main flow and subsequent shut-in build-up period, will now be analysed to evaluate the nature of the reservoir permeability to determine the increased production rates that could be achieved during pumped production.The Ashover Grit interval will now be isolated with a bridge-plug and test operations will continue on two further discrete zones, the Wingfield Flags and Penistone Flags, where hydrocarbons are indicated from log data and gas chromatograph analysis. We will provide further updates as and when results are known from these intervals.Given the encouraging free-flow test results from the Ashover Grit it is intended to undertake a longer term pumped production test subsequent to the current test programme being completed.Commenting on the Ashover Grit flow test results, Mark Abbott Managing Director of Egdon Resources said;“These are very encouraging results, with free-flowing rates of 80 bopd of good quality oil from the first zone tested. We now look forward to the results from two further intervals which could add further substantial production potential to that demonstrated from the Ashover Grit. During this period of reduced oil prices, the low development and operating costs of onshore UK production means that discoveries such as Wressle remain commercially attractive and we look forward to progressing plans for a longer term pumped production test on the Ashover Grit and any of the other zones which show potential.”

Egdon Resources plc (AIM: EDR, “the Company”) is pleased to announce that the Company has agreed the sale of its interests in two non-core licences in Southern England to UK Oil & Gas Investments PLC (AIM: UKOG, “UKOG”).Subject to the normal regulatory approvals, UKOG will acquire Egdon’s 7.5% interest in licence P.1916 offshore the Isle of Wight and the Company’s 10.0% interest in Weald Basin licence PEDL126 each for a nominal consideration, with the effective date of each transaction being 1 January 2015.Commenting on these disposals, Mark Abbott, Managing Director of Egdon said:

“We are pleased to have completed the disposal of these two minority interest, non-core assets in line with our stated strategy of concentrating our resources on fewer, higher impact projects.“

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 12 December 2014, all resolutions put before shareholders at the meeting were duly passed unanimously.Details of the voting and proxies received can be viewed hereAt the meeting, Managing Director Mark Abbott presented a review of the business.The presentation can be downloaded here

The Company was informed on 3rd December 2014 that Mr Ken Ratcliff, a non-Executive Director of the Company, on 3rd December 2014 transferred 39,812 ordinary shares from his personal name at 11.65p per share to his ISA at 12.02p per share and that his wife transferred 105,656 ordinary shares from her personal name at 11.55p per share to her ISA at 11.77p per shareMr Ratcliffs total beneficial shareholding in Egdon remains 157,603 Ordinary Shares, representing 0.07% of the issued share capital of the Company.The Company was also informed on 4th December 2014 that Mr Walter Roberts, a non-Executive Director of the Company, on 4th December 2014 transferred 12,171 ordinary shares from his personal name at 11.5p per share to his Self-Invested Pension Plan at 11.7p per share.Mr Roberts total beneficial shareholding in Egdon remains 1,114,493 Ordinary Shares, representing 0.50% of the issued share capital of the Company.

Egdon Resources plc (AIM:EDR) is pleased to advise that at the Planning and Regulation Committee Meeting of Lincolnshire County Council yesterday, planning consent was granted for the drilling and any subsequent testing of the North Kelsey-1 exploration well in Lincolnshire licence PEDL241.The North Kelsey Prospect is located approximately 10 kilometres to the south of the Wressle-1 discovery well in PEDL180. The prospect is defined on 3D seismic data and has potential for up to four stacked conventional reservoir intervals in the Chatsworth, Beacon Hill, Ravensthorpe and Santon sandstones. The gross mean combined Prospective Resources for these multiple objectives, as calculated by Egdon are estimated to be 6.7 million barrels of oil.It is intended to drill the North Kelsey-1 exploration well as part of a three well operated programme commencing during Q1 2015 which will include Laughton-1 in PEDL209 and Biscathorpe-1 in PEDL253, with Biscathorpe-1 still subject to planning. For clarity the operations at all sites will involve exploration for conventional hydrocarbons and will not involve the process of hydraulic fracking for shale gas.The interests in the North Kelsey-1 well are:Egdon Resources U.K. Limited40% (Operator)Celtique Energie Petroleum Limited50%Union Jack Oil plc10%Under the terms of a farm-in agreement with Union Jack plc, Egdon will be carried by Union Jack for 10% of its share of the North Kelsey-1 well costs.Commenting on the planning decision Mark Abbott, Managing Director of Egdon said;

We are delighted to receive planning consent for the drilling of the North Kelsey-1 exploration well. North Kelsey will expose Egdon to 2.7 million barrels of mean Prospective Resources in a series of stacked sandstone reservoir targets. We will now work through the various planning conditions to be in a position to drill the North Kelsey-1 well as part of our H1 2015 drilling programme which in addition to operated wells at Laughton-1, North Kesley-1 and Biscathorpe-1 will include a well at Kiln Lane-1 operated by Europa.

The Company has been informed that Mark Abbott, Managing Director, today purchased 200,000 ordinary shares in the Company at a price of 12.45 pence each via his SIPP. Mr Abbotts total beneficial shareholding in the Company is now 7,663,824 ordinary shares, representing 3.46 per cent of the issued share capital of the Company.

Further to the announcement made on 5 December 2013, Egdon Resources plc (AIM:EDR) is pleased to announce that it has exercised its Exploration Option and Farm-in Agreement ("The Agreement") with Scottish Power Generation Limited ("SPG") to farm in to UK Onshore Production Licences PL161 (Block SE/60b) and PL162 (Blocks SE/70a and SE/80b) located in Lincolnshire and South Yorkshire.The Agreement defines an "Exploration Area", which excludes those parts of PL161 and PL162 relating to the Hatfield Moor operational gas store, the Hatfield West gas storage reservoir and the operational gas reception facility operated by SPG.Under the terms of The Agreement, SPG granted Egdon an Option Period of twelve months by the end of which Egdon was required to either advise SPG of its intention to commit to the drilling of an exploration well in the Exploration Area (the "Option Well") or else terminate The Agreement.During the Option Period, Egdon undertook a full evaluation of the hydrocarbon potential of the Exploration Area, which included reprocessing all relevant existing 2D seismic data. Egdon is very encouraged by the results of this evaluation, both in terms of conventional and unconventional prospectivity, and has elected to exercise its option.Egdon will meet the full cost of the drilling and evaluation of a well in the Exploration Area to the point of either abandonment or suspension in the case of a discovery. Egdon will earn a 50% working interest in the Exploration Area through the drilling of the Option Well and will become Operator of the Exploration Area. Initial work will comprise new 2D acquisition to finalise the location for the option well.The transaction is subject both to certain conditions precedent and to approval by the Secretary of State for the Department of Energy and Climate Change.Commenting on the announcement, Mark Abbott, Managing Director of Egdon said:

We are very encouraged by the results of our evaluation of PL161 and PL162, both in terms of conventional and unconventional prospectivity, and look forward to working with SPG in exploring these exciting plays. We expect to see a play opening well operated by our partner IGas on neighbouring acreage in H2 2015, which should aid in de-risking the unconventional plays on PL161 and PL162.The exercise of this option is consistent with our strategy of increasing our exposure to shale-gas prospective acreage in our Gainsborough Trough core area.

Egdon Resources plc (AIM:EDR) provides an update on the timing of the testing programme for the Wressle-1 well located in licence PEDL180 to the East of Scunthorpe in Lincolnshire.We are pleased to advise that the Environment Agency permit variation for testing operations was issued on 1st December 2014. The permit includes additional monitoring requirements to those originally envisaged under Egdon’s own risk assessment process and a requirement for a notice period of four weeks for the EA to approve the proposed monitoring methodology to meet these additional requirements. We will submit the revised method statement this week and as such we now expect to begin mobilisation to the Wressle-1 site during the week beginning 5th January 2015 with testing operations to start shortly thereafter.As previously reported petrophysical evaluation of log data acquired in the Wressle-1 well and elevated gas readings recorded whilst drilling indicate the presence of potential hydrocarbon pay in three main intervals, and the well has been completed with a 4 ½" liner to enable selective and sequential testing of these intervals. The test operations are designed to determine the hydrocarbon type and potential flow rates and hence commerciality of the Wressle-1 discovery.The interests in the Wressle-1 well are:Egdon Resources U.K. Limited25.00% (Operator)Celtique Energie Petroleum Limited33.33%Europa Oil & Gas Limited33.34%Union Jack Oil plc8.33%Commenting on the update Mark Abbott, Managing Director of Egdon said;

We are pleased to have the EA permit in place and can look forward with a clear timeline now for the commencement of testing of up to three potentially hydrocarbon bearing zones at Wressle-1 with mobilisation planned to start immediately in the New Year.

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

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