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

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

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

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

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

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

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

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

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

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

Egdon Resources plc (AIM:EDR) is pleased to announce the farm-out of a further 5% interest in Petroleum Exploration and Development Licence 201 (“PEDL201”) located in Nottinghamshire and Leicestershire to Union Jack Oil plc (“Union Jack”).Under the terms of the agreement, Union Jack will pay 10% of the cost of the planned Burton on the Wolds-1 exploration well to earn a 5% interest from Egdon. As a result Egdon’s exposure to the well is reduced to 15% of costs. Union Jack has also agreed the same terms with Celtique Energie Petroleum Ltd (“Celtique”) to result in a 10% total licence interest.On completion the licence interests in PEDL201 will be as follows:Egdon Resources U.K. Limited32.50% (operator)Celtique Energie Petroleum Limited32.50%Terrain Energy Limited12.50%Corfe Energy Limited12.50%Union Jack Oil plc10.00%The transfer of interests is subject to approval by the Department of Energy and Climate Change.PEDL201 was awarded in 2008 and is located on the southern margin of the Widmerpool Gulf geological basin. The Burton on the Wolds Prospect has been mapped on proprietary 2D seismic data, which was acquired by Egdon in May 2011. Evaluation has highlighted a prospect with targets at two distinct stratigraphic levels. The shallower target, the Rempstone Sandstone, is productive at the nearby Rempstone oil field. A seismic anomaly, possibly indicative of a carbonate reef, underlies the Rempstone Sandstone. The mean combined Prospective Resources for the primary and secondary objectives, as calculated by Egdon are estimated to be 3.8 million barrels of oil.The planned well will be shallow with a drilled depth of around 1000 metres to test both targets. A planning application has been finalised and is expected to be submitted shortly. Subject to planning it is intended that the Burton on the Wolds-1 well will commence drilling late in the second quarter of 2013.Commenting on the farm-out Mark Abbott, Managing Director of Egdon said:

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

The Company has been informed that Mark Abbott, Managing Director, today purchased 200,000 ordinary shares in the Company at a price of 10.64 pence each via his SIPP. Mr Abbotts total beneficial shareholding in the Company is now 7,563,824 ordinary shares, representing 5.7 per cent of the issued share capital of the Company.

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Egdon Resources plc (AIM:EDR) is pleased to provide an update in relation to the Mairy Permit (the “Permit”), located in the eastern part of the Paris Basin, onshore France.Egdon has been informed by the operator, Hess Oil France (“Hess”), that drilling operations commenced on 20 January 2013 at the Huiron-1 exploration well in the Permit. The Huiron-1 well will evaluate the hydrocarbon potential of the Jurassic, Rhaetian and older formations and is expected to take around 60 days to drill.In addition, Egdon is pleased to advise that it has finalised a farmout of part of its interest in the Mairy Permit to Hess. Under the terms of the farmout, Egdon will transfer an unencumbered 35% interest in the Permit to Hess, taking their total beneficial interest to 85%, in return for a carry of the well costs attaching to Egdon’s retained 15% interest, capped at the level of a gross cost of $10.25 million for the Huiron-1 well. Additionally Hess will carry Egdon for $0.5 million of other general and administrative costs on the Permit. The effective date for the farmout is 1 January 2012. The farmout is subject to the standard government approval process.Egdon also advises that it has reached agreement with Geoex Eastern Limited (“Geoex”) to reduce the burden of an existing Overriding Royalty on the Permit from 4.5% of Egdon’s pre-Farmout interest to 4.5% of the retained 15% interest only. The consideration payable to Geoex for this restructuring comprises $100,255 payable in cash and $100,000 in new Egdon Ordinary shares calculated by reference to the average closing price for the five trading days prior to completion. Accordingly, application has been made for admission of 595,207 new Ordinary shares to trading on AIM, which is expected to become effective on or around 25 January 2013. The newly issued shares represent 0.45 per cent. of the enlarged share capital of the Company.The total number of Egdon Ordinary Shares in issue is now 132,787,543. Therefore, the total number of voting rights in the Company is 132,787,543.Commenting on developments with the Mairy Permit, Mark Abbott, Managing Director of Egdon, said;

“We are pleased to have finalised the restructuring of our interest in the Mairy Permit and as a result have significantly reduced our financial exposure to the Huiron-1 well. We await the results of the well with interest.”

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Egdon Resources plc (AIM:EDR) is pleased to announce the results of an independent evaluation by RPS Energy (“RPS”) of the potential shale-gas resources in the Company’s onshore U.K. East Midland licences PEDL139 and PEDL140 (the “Licences”) where the Company holds 13.5% interests.RPS has reviewed the available data in the Licences and made an assessment of potential gas volumes and geological chance of success based on analogous shale-gas plays in the USA. The Licences are located in Lincolnshire and cover an area which is underlain by the Gainsborough Trough, a geological basin which contains a 125 metre thick sequence of the Carboniferous age Pendleian Shale at a depth of over 2000 metres. The Pendleian Shale is the approximate age equivalent of parts of the Bowland Shale which is the principal shale-gas reservoir target under evaluation in the Bowland Basin of North West England.RPS estimates the mean net Egdon total gas in place (“GIIP”) as 1.76 trillion cubic feet of gas (“tcf”) within the Licences. A review of the surface and sub-surface access constraints in the area has resulted in an estimated mean net Egdon Accessible GIIP of 1.22 tcf. The net Egdon mean Prospective Resources(1) are estimated as 0.19 tcf based on recovery rates in analogous US plays. RPS estimates the geological chance of success to be 24%.Egdon intends to evaluate the potential of the Licences through drilling a deep exploration well, which it is hoped will be undertaken during 2014 subject to obtaining all necessary consents and approvals. Egdon’s costs are carried through this work programme.In addition to the Pendleian Shale, which is the subject of the RPS report, Egdon interprets potential for significant additional shale-gas resources in the underlying Carboniferous succession in the blocks that will be evaluated by any future drilling. Egdon is also evaluating the unconventional resource potential in certain of the Company’s other East Midlands licences.Commenting on the report and recent government announcements in relation to shale-gas exploration, Mark Abbott, Managing Director of Egdon, said;

“Whilst recognising that we are still at an early exploration stage in these Licences, and indeed for UK unconventional resources in general, we are encouraged by the results of the RPS evaluation which indicate that the geological conditions appear favourable for the development of a potentially material shale-gas resource based on the currently available data and comparison with US analogues.We welcome the announcements in December 2012 by the UK Government in relation to Gas Strategy, the setting up of the Office of Unconventional Gas and Oil, and the approval for restarting of shale-gas exploration in the UK. There is now a clear regulatory framework for the exploration of the UK’s unconventional oil and gas resources which have the potential to make a significant contribution to the UK’s economy and energy mix over the coming decades.An executive summary of the report by RPS will be available for download from Egdon’s website.”

Note(1) Any development would have to take into account permitting, legal issues, environmental issues and availability of project finance, but RPS has not made a risk assessment of these factors. In addition RPS has made the assumption that adequate numbers of rigs and fraccing units will be available to drill and complete the large number of horizontal wells which would be required to fully develop the mean Prospective Resources estimated by RPS.View or Download RPS Executive Summary Report

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Egdon Resources plc (AIM:EDR) is pleased to announce the resumption of production from the Ceres Gas Field where the Company holds a 10% interest. Production from the Ceres Gas Field was restarted on 11th November 2012 and has continued since.

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Egdon Resources plc (the "Company") was informed today that as a result of his recent marriage the beneficial shareholding in the Company of Mr Ken Ratcliff, a Non-executive Director, has increased by 103,500 shares.Mr Ratcliff’s total beneficial shareholding in Egdon Resources plc is now 156,500 ordinary shares, representing 0.12% of the issued and voting share capital of the Company.

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Further to the announcement made on 21 June 2012, Egdon Resources plc (AIM:EDR) is pleased to announce that it has completed the acquisition of the entire issued share capital of Dorset Exploration Limited (“DEL”). DEL is a private company which holds 10% interests in Production Licence PL090 and Petroleum Exploration and Production Licence PEDL237, both located in the county of Dorset. Egdon Resources U.K. Limited is operator for both these Licences with a 45% interest in each.As consideration for the Acquisition, Egdon has today issued 1,223,242 Ordinary Shares (“the Consideration Shares”) to the previous shareholders of DEL 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 0.93 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 3 August 2012. The total number of Egdon Ordinary Shares in issue is now 132,192,336. Therefore, the total number of voting rights in the Company is 132,192,336.Licence PL090 contains the Waddock Cross Oil Discovery, where Egdon intends to progress with a planning application for the development of the field, and a number of other prospects. In PEDL237 the licence group has identified and delineated a potentially commercial accumulation of oil which was encountered in the 1959 Langton Herring North-1 well but may not have been adequately tested, and has mapped a number of structural prospects and leads at the level of the Sherwood Sandstone, the primary reservoir at the Wytch Farm oilfield. The licence group plans to delineate these structures, which extend into PL090, by reprocessing existing vintage 2D seismic data and/or acquiring new seismic, most likely 3D, with a view to promoting at least one into a viable, drillable prospect.Egdon estimate that the transaction will add an estimated 11 mmbo of Best Estimate Prospective Resources to Egdon’s resource inventory.The interests in PL090 and PEDL237 are as follows:Egdon Resources U.K. Limited (operator)45.00%First Oil Expro Limited 26.25%Aurora Exploration (UK) Limited18.75%Dorset Exploration Limited10.00%Commenting on the acquisition Mark Abbott, Managing Director of Egdon said:

“We are pleased to have completed this acquisition which increases our interest in these existing prospective Egdon operated licences. The transaction adds 11 million barrels of prospective resources to our prospect inventory and increases our interest in the Waddock Cross oil discovery where we are now in the process of developing a planning application for development of the field.”

Egdon Resources plc (AIM:EDR) is pleased to announce that, at today’s meeting of the Planning Committee of the North York Moors National Park Authority, permission was granted for an exploratory borehole near the village of Westerdale in onshore Petroleum Exploration and Production Licence PEDL068, where Egdon is operator with a 40% interest.The Westerdale-2 well is planned to evaluate the Ralph Cross/Westerdale gas discovery in an area up-dip of the Ralph Cross-1 well, drilled in 1966, which flowed gas from fractured limestone of the Permian age Brotherton Formation at a depth of 1040 metres below surface. Company evaluations have indicated the potential for between 5 and 38 billion cubic feet (“Bcf”) of gas in place, with a most likely case of around 18 Bcf.The Company had previously drilled a well in the Westerdale area in 2006. This well did not find commercial gas reserves and the site was subsequently restored to farmland.The interest holders in PEDL068 are as follows:Egdon Resources U.K. Limited (operator)40.00%Sterling Resources (UK) Limited47.00%Yorkshire Exploration Limited8.00%Montrose Industries Limited5.00%Commenting on the decision Mark Abbott, Managing Director of Egdon said:

“We are delighted that the National Park Authority has approved our application for the Westerdale-2 well. The final timing of the drilling will be dependent upon the conditions of planning, rig and contractor availability and final joint venture approval and is likely to be during 2013. We recognise the unique qualities of the North York Moors and in accordance with Egdon’s Health, Safety and Environmental procedures will be doing everything possible to minimise the impact of our activities on the area.”