View TR1 Notification

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement to acquire 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.The consideration for this acquisition will comprise £100,000 to be satisfied by the issue of new Egdon shares at completion. The number of consideration shares will be calculated based on the average closing mid-price for the five days prior to the day of completion. The commercial date of the transaction is 1 February 2012.The transaction is subject to approval of the change of control by DECC.DEL is owned and controlled by Mr. John Rix and his family members. Mr. Rix was a non-executive Director of Egdon until his retirement from the Board in late 2011.Licence PL090 contains the Waddock Cross Oil Discovery where recent extended testing has confirmed the potential for a commercial development which the joint venture group expects to sanction within the next few weeks. 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 leads at the level of the Sherwood Sands, the primary reservoir at the Wytch Farm oilfield. The licence group plans to delineate these leads, 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 Limited26.25%Aurora Exploration (UK) Limited18.75%Dorset Exploration Limited10.00%Egdon also notes the recent announcement by the operator for Licence PEDL126 (Egdon 10% interest), Northern Petroleum plc (“Northern”), that the Markwells Wood-1 oil discovery well in the South Downs National Park Authority area has been suspended following the extended well test. The results of this test were below expectations. The possibilities for further action will now be examined by the joint venture group.Northern has also announced, as operator for Hampshire Licence PEDL125 (Egdon 10% interest), that the joint venture group has not been able to locate, rent or acquire a suitable drilling location from which to test the Hedge End Prospect, and therefore the licence will be allowed to lapse at the end of its current term. This will reduce Egdon’s Best Estimate Prospective Resources by 0.3 mmbo.Commenting on the acquisition Mark Abbott, Managing Director of Egdon said:

“The acquisition of DEL adds to our existing interests in licences where we have identified significant exploration potential in the Bridport Sandstone and Sherwood Sandstone plays. It also provides us with an additional 10% interest in the Waddock Cross oil discovery, where we anticipate a decision on development in the next few weeks.”

View or Download Interim Results Press Release

Egdon Resources plc (AIM:EDR) the UK-based onshore exploration and production company primarily focused on the hydrocarbon-producing basins of the UK and Europe, announces that its Interim Results for the six months ended 31 January 2012 will be announced on Monday 23 April 2012.An analyst meeting will be held at 9.30am on Monday 23 April 2012 at Buchanan, 107 Cheapside, London, EC2V 6DN.

Egdon Resources plc (AIM:EDR) provides an update on production operations ahead of its interim results which are due for release in late April.Production for the six months to 31 January 2012 was 29,624 barrels of oil equivalent ("boe"), an increase of 67% over the same period last year (17,671 boe). This equates to 161 boe per day ("boepd") for the period (H1 2011- 96 boepd). Revenues from oil and gas sales during the period were £1.54 million, a 71 % increase on 2011 (£0.9 million).Whilst showing significant improvement on the same period last year, production is below our expectations for the period. This has been as a result of the previously reported continuing issues with production at both the Ceres and Kirkleatham gas fields.Ceres has continued to suffer from issues with the production infrastructure and has contributed only minor amounts of production during the period. The field is currently shut-in. The main issue relates to the reliability and performance of the methanol injection system. The operator has been actively working on this issue and it is hoped that the problems can be resolved in the near future. When on production, the Ceres well performs as expected with pre-back-out rates of 20 million cubic feet of gas per day ("mmcfg/d") and post back-out of 1.2 mmscfg/d net to Egdon (c. 200 boepd). Notwithstanding the difficulties with Ceres we do not believe that the long term value is affected.We reported at the time of the 2011 Annual Results that increased water production had been observed at the Kirkleatham gas field (PEDL068 - Egdon 40%) and that in November the well was shut-in awaiting a work-over. A work-over in early December was successful in clearing water from the tubing and production was re-established during December and January. However, overall gas flow rates had to be reduced to balance water production. In February following an unplanned shut-down of the GT2 gas turbine we were again unable to restart flow due to fluid loading in the tubing. An initial nitrogen displacement was unsuccessful and a further work-over last week failed to restore flow. Consequently the well will remain shut-in whilst the joint venture partners consider options aimed at resolving the water production issue and returning the well to production. These options include running production logs to determine the location of the water inflow, recompletion to isolate part of the perforated zone, installation of artificial lift and, ultimately, possibly drilling a sidetrack from the existing well to an up-dip area of the field.As a result of the problems at Kirkleatham we intend to make a precautionary impairment of the Kirkleatham gas field asset of £1.0 million at our interim reporting.The Keddington oil field in Lincolnshire Licence PEDL005(Remainder) (Egdon 75%) suffered from a reduction in production in December due to wax build-up in the production tubing. Hot washes were performed in January on both producing wells and the down-hole pumps were replaced. It is anticipated that production will stabilize at around 100 -125 bopd for the coming period. We have made further progress in developing the gas to electricity project for Keddington and are currently awaiting final detailed costs and timings from the local distribution network for the building of a 1.4 MW grid connection.Environmental consents have recently been received for the Dukes Wood oil field in Nottinghamshire licence PEDL118 (Egdon 50%) and we now expect to commence production during April from the Dukes Wood-1 and Kirklington-3Z wells at initial rates of around 40 barrels of oil per day gross.Until the issues associated with Ceres and Kirkleatham are resolved we anticipate a reduction in overall production and cash flow for the coming period. A prudent estimate of production for the next period is 125-150 boepd from Keddington, Avington and Dukes Wood/Kirklington. Once Ceres resumes production in a sustained manner this will increase to 300-350 boepd and should we be able to restore production from Kirkleatham we would anticipate being back at around 400 boepd.Commenting on production performance during the period Mark Abbott Managing Director of Egdon said;

"Our production volumes during the period, whilst showing significant improvement on the same period last year, are below our expectations. Given the problems being experienced at the moment we expect reduced production and cash flow over the coming period. We anticipate that the current issues with Ceres will be resolved in a timely manner and are actively working on the issues at Kirkleatham.We remain committed to our planned drilling programme in the UK and are making good progress with site agreements and submission of planning applications across these projects."

Egdon Resources plc (the "Company") was informed today that as a result of Mr Walter Roberts's younger daughter achieving her majority, her shareholding is no longer to be counted as part of Mr Roberts's beneficial shareholding. Accordingly, although these shares have not been sold, Mr Roberts's beneficial shareholding is reduced by 200,000 ordinary shares to 1,091,750 ordinary shares, representing 0.83% of the issued and voting share capital of the Company.

Egdon Resources plc (AIM:EDR) is pleased to announce changes to the composition of its Board as a result of the acquisition of EnCore Oil plc (“EnCore”) by Premier Oil plc (“Premier”).Andrew Lodge will join the Board with immediate effect as Premier‘s nominated non-executive director. Andrew joined Premier’s Board as Exploration Director in April 2009 from Hess where he was Vice President, Exploration, responsible for Europe, North Africa, Asia and Australia for nine years. Previously, he was Vice President, Exploration, Asset Manager and Group Exploration Advisor for BHP Petroleum, based in London and Australia. Prior to joining BHP Petroleum, Andrew worked for BP as a geophysicist. He has an honours degree in Mining Geology from the University of Wales and a Masters in Applied Geophysics from the University of Leeds. He is a Fellow of the Geological Society.Alan Booth has resigned as a non-executive Director of the Company.Andrew Geoffrey Lodge, age 55, is, or has been in the last five years, a director of the following companies:Current DirectorshipsPremier Oil plcPremier Oil Exploration ONS LimitedPremier Oil ONS LimitedPremier Oil Aberdeen Services LimitedPremier Oil and Gas Services LimitedPremier Oil Exploration LimitedPremier Oil Group LimitedPremier Oil Holdings LimitedPremier Oil UK LimitedPremier Oil Investments LimitedPremier Oil Red Sea LimitedEncore (NNS) LimitedEncore (VOG) LimitedEncore CCS LimitedEncore Gas Storage LimitedEncore Natural Resources LimitedEncore North Sea LimitedEncore Oil & Gas LimitedEncore Oil LimitedPremier Oil (Encore Exploration UK) LimitedPremier Oil (Encore Petroleum) LimitedPremier Oil Vietnam 121 LimitedPrevious DirectorshipsPKP Exploration LimitedHess (Indonesia Pangkah) LimitedHess Indonesia New Ventures LimitedTalisman (Jambi Merang) LimitedHess (Indonesia-Tanjung Aru) LimitedHess (Faroes) LimitedHess (Thailand) LimitedHess (Malaysia-SK 306) LimitedHess LimitedHess Indonesia (North Masela) LimitedHess (Indonesia-South Sesulu) LimitedHess Services UK LimitedHess Holdings UK LimitedHess (Indonesia-Blora) LimitedHess Overseas LimitedHess (Indonesia) LimitedAndrew Lodge does not have any interest in the Ordinary Shares of the Company.Commenting on the Board changes, Philip Stephens, Chairman of Egdon said;

“Andrew brings a wealth of exploration experience to the Egdon Board and we look forward to his contribution. We would also like to thank Alan Booth for his efforts over the last 18 months and wish him well in his future endeavours.”

Egdon Resources plc (AIM:EDR) is pleased to announce the farm-out of a 12.5% interest in Petroleum Exploration and Development Licence 201 (“PEDL201”) located in Nottinghamshire and Leicestershire to Terrain Energy Limited (“Terrain”) and Corfe Energy Limited (“Corfe”).Under the terms of the agreement, Terrain and Corfe will each pay 12.5% of the cost of the planned Burton on the Wolds-1 exploration well to earn a 6.25% interest. As a result Egdon’s exposure to the well is reduced from 50% to 25% up to an agreed well cost. Terrain and Corfe have also agreed the same terms with Celtique Energie Petroleum Ltd (“Celtique”).On completion the licence interests in PEDL201 will be as follows:Egdon Resources U.K. Limited37.50% (operator)Celtique Energie Petroleum Limited37.50%Terrain Energy Limited12.50%Corfe Energy Limited12.50%The transfer of interests is subject to the approval by the Department of Energy and Climate Change.PEDL201 was awarded to Egdon and Celtique 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 and is mapped as having gross Best Estimate Prospective Resources of 1.4 million barrels of oil (“mmbo”). A seismic anomaly, possibly indicative of a carbonate reef, underlies the Rempstone Sandstone and has estimated gross Best Estimate Prospective Resources of 2.17 mmbo and would represent a new play in the basin.The planned well will be shallow with a drilled depth of around 1000 metres to test both targets. A potential site has been identified and lease negotiations are progressing along with development of a planning application. Subject to planning it is intended that the Burton on the Wolds-1 well will now form part of Egdon’s planned 2012 multi-well programme in the East Midlands.Commenting on the farm-out Mark Abbott, Managing Director of Egdon said:

“The Burton on the Wolds Prospect combines a lower risk reservoir target offsetting nearby production with a higher risk, higher potential play at present untested in the basin. This farm-out agreement enables Egdon to promote the well up the drilling schedule whilst managing our risk and cost exposure on the prospect. We now expect to submit a planning application during the second quarter with a view to drilling before end 2012, subject to all statutory approvals.”

Egdon Resources plc (AIM:EDR) is pleased to announce the completion of a 3-D seismic survey across the Broughton and Wressle Prospects, which are located to the East and South-East of the town of Scunthorpe in North Lincolnshire.The survey, which covers parts of Petroleum Exploration and Development Licences ("PEDLs") 180, 181, 182 and 241, was undertaken by Tesla Exploration International ("Tesla"). A total of 1,424 vibroseis and dynamite source points were acquired with the resultant survey covering an area of approximately 49 square kilometres.Once processed, the survey will provide detailed structural data over the Broughton and Wressle trend to confirm the prospects previously mapped on multi-vintage 2-D seismic data and enable bottom-hole target locations to be defined for one or both of the prospects. It is planned to drill one or both of these prospects later in 2012 subject to technical confirmation and planning consent.The two prospects are located along an oil productive trend with the Crosby Warren producing oil field at one end and the Brigg oil discovery at the other. The Broughton-B1 well drilled by BP in 1984 flowed on test at up to 40 barrels of oil per day before being abandoned. Egdon has identified an area up-dip from the well and estimates gross Best Estimate Prospective Resource potential of 2.95 million barrels of oil ("mmbo"). The Wressle Prospect has estimated gross Best Estimate Prospective Resource potential of 3.9 mmbo in the primary Chatsworth Grit reservoir target.The joint venture partners in PEDLs 180 and 182, which contain the Broughton and Wressle prospects are:Egdon Resources U.K. Limited33.33%Europa Oil and Gas Limited33.34%Celtique Energie Petroleum Limited33.33%Commenting on the survey Mark Abbott, Managing Director of Egdon said:

"I would like to thank all the personnel of Tesla for their professionalism and commitment in acquiring good quality data in highly challenging operating and weather conditions. We now look forward to receipt of the final data in the next few months so that we can finalise our plans for drilling on this highly prospective oil trend."

Egdon Resources plc (AIM:EDR) is pleased to announce that EnCore Oil plc (“EnCore”) will assign to Egdon its 7.5% interest in a newly offered offshore licence covering part blocks 98/13 and 98/14. This assignment is a consequence of the agreement by which Egdon acquired certain UK and French assets from EnCore, and which completed in 2010.The new licence is located immediately offshore from existing Isle of Wight onshore licence, PEDL 240 where Egdon also has a 7.5% interest acquired from EnCore. The part blocks 98/13 and 98/14 cover the offshore extension from PEDL 240 of a prospect that has been mapped using both seismic and well data and is located in the same petroleum basin as the Wytch Farm oil field.The assignment is subject to approval from Department of Energy and Climate Change.Following completion the licensees in part blocks 98/13 and 98/14 will be:NP Solent Ltd62.5% (Operator)Magellan Petroleum (UK) Ltd22.5%Egdon Resources U.K. Limited7.5%Montrose Industries Ltd5.0%Oil & Gas Investments Ltd2.5%

Egdon Resources plc (AIM:EDR) is pleased to report that it has reached agreement with Nautical Petroleum AG, a wholly owned subsidiary of Nautical Petroleum plc ("Nautical"), to sell 15% interests in onshore UK Petroleum Exploration and Development Licences ("PEDLs") PEDL118 and PEDL203 located in Nottinghamshire.The consideration comprises a cash sum payable on completion of £200,000 and the payment of £150,000 towards Egdon's costs of the next well to be drilled on PEDL118 or PEDL203. The effective date of the transaction is 31 December 2011.PEDL203 contains the Kirklington-3z producing well which was drilled in 2010 and produced at rates of 15-20 bopd. The Kirklington oil field has all consents and approvals in place for production but is currently shut-in awaiting development of Dukes Wood-1.The contiguous licence PEDL118 contains the abandoned Eakring-Dukes Wood oil field where the Dukes Wood‑1 well was drilled and tested in 2010, with the Ashover Grit "AG4" reservoir interval producing at rates of around 20 bopd. It is intended to dual-complete the Dukes Wood-1 well for production from the AG4 reservoir and for water disposal in the Sub Alton Crawshaw interval. The development has received planning consent and is awaiting environmental and other approvals before being brought into production in conjunction with Kirklington in the first quarter of 2012.Egdon has also identified a number of independent targets on the Eakring/Dukes Wood structure including previously undrilled highs such as Eakring North where additional wells may be drilled at some future point.The transfers of interest are subject to amongst other things approval by the Department of Energy and Climate Change.Following completion the interests in the licences will be as follows:PEDL118Egdon Resources U.K. Limited50%Terrain Energy Limited25%Nautical Petroleum AG15%Angus Energy Eakring Development Ltd10%PEDL203Egdon Resources U.K. Limited50%Terrain Energy Limited25%Nautical Petroleum AG15%Angus Energy Kirklington Development Ltd10%Commenting on the sale Egdon's Managing Director Mark Abbott said:

"This transaction provides a useful cash injection to Egdon ahead of the development of the Dukes Wood-1 well which is expected towards the end of first quarter of 2012. The deal also provides Egdon with a substantial carry on the next well to be drilled in the area."

Egdon Resources PLC (AIM:EDR) is pleased to announce the appointment of Jerry Field as Exploration Director with immediate effect. Jerry has been employed as Exploration Manager at Egdon since February 2011.Jeremy James Field, 56, graduated from Leeds University in 1977 and has since gained over 30 years’ oil industry experience working in small-to-medium sized independent Exploration and Production companies (including Weeks Petroleum, Triton, Ranger, Canadian Natural Resources, Toreador and Northern Petroleum). Jerry has a breadth of experience of exploration in Europe, Africa, the Middle East and the Indian subcontinent and has spent a good proportion of his career working in Egdon’s core areas of the UK Onshore and France. As a result of his far-reaching experience, Jerry has developed a wide range of contacts throughout the industry, and has significant experience in managing exploration projects at all levels.Jerry currently has no other directorships and there is no further information to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies. Jerry Field does not hold any Ordinary Shares in the Company.Commenting in the appointment, Mark Abbott, Managing Director of Egdon said;

“I am delighted that Jerry has agreed to this appointment, which strengthens the executive representation on the Board. Jerry is highly respected in the industry and brings a wealth of experience, particularly in our core areas of operation, and he will be instrumental in developing the businesses as we begin a more active exploration phase.”

Results of Annual General Meeting

The Directors of Egdon Resources plc are pleased to announce that at the Annual General Meeting held at the offices of Buchanan at 11.30 am on 8 December 2011 all resolutions put before the meeting were duly passed.

At the meeting the Managing Director Mark Abbott presented a review of the business and its plans for 2012 which is now available on the Company's website www.egdon-resources.com.

Annual General Meeting 2011 Voting Results and Proxy Appointments

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement to farm-out an interest in Nottinghamshire licence PEDL206 to Angus Energy Kelham Hills Limited ("Angus"). Under the terms of the agreement, Angus will acquire a 50 per cent interest in the licence from Egdon in return for carrying the Company for 15 per cent of the costs of two well's or 25 per cent of the cost of a single well. The wells or well are to be drilled during the initial term of the licence, which ends on 30 June 2014. As part of the agreement Angus will also assume operatorship of the licence. Following completion, Egdon will retain a 25% interest in the licence.PEDL206 was awarded in the 13th Onshore Licensing Round in 2008 and is located immediately to the east of PEDLs 118 and 203 which contain the Company's Dukes Wood-1 and Kirklington-3z oil wells that are due to resume production in 2012. The licence contains the Kelham Hills abandoned oil field, which produced two million barrels of oil between 1941 and 1957. A number of leads and prospects have been defined on existing seismic data which will be the focus of future exploration activity.The assignment and change of operatorship are subject to approval from the Department of Energy and Climate Change (DECC).Egdon's Managing Director, Mark Abbott, commented:

"Whilst containing a number of leads and prospects close to known oil production, their potential size means that PEDL206 is not a priority for the Company. This transaction enables Egdon to maintain an interest in the area whilst limiting the required financial and management resources. This farm-out is an example of our stated strategy of concentrating our resources on fewer higher potential projects as the Company develops."

Egdon Resources plc is pleased to advise that the Annual Report and Accounts and AGM Notice have been posted to shareholders today. A copy of the document is also now available on the Egdon website (www.egdon-resources.com)2011 Annual Report and Accounts and AGM Notice

View or Download Final Results Press Release

Egdon Resources plc (AIM:EDR) the UK-based onshore exploration and production company primarily focused on the hydrocarbon-producing basins of the UK and Europe, announces that its Preliminary Results for the year ended 31 July 2011 will be announced on Monday 7 November 2011.An analyst meeting will be held at 9.30am on 7 November 2011 at the offices of Buchanan, 3rd Floor, 107 Cheapside, London, EC2V 6DN

Further to the announcement on 1 August 2011 and following approval by the Department of Energy and Climate Change, Egdon is pleased to report the completion of the sale of a 10% interest in the Avington oil field under licence PEDL070, for a consideration of £400,000 in cash.Under the transaction, Egdon Resources Avington Limited ("ERA") has sold a 5% interest to IS E&P Limited and a 5% interest to IS NV Limited. The consideration paid by each company was £200,000 in cash and the assumption of their pro-rata shares of a Net Profit Interest ("NPI") payable to Heyco Energy Holdings S.L.The Avington oil field is located in the County of Hampshire and is operated by Star Energy Oil UK Limited. Oil is currently produced from the Jurassic age Great Oolite reservoir from two wells, Avington-2Z and Avington-3Z.Egdon retains an aggregate 26.67% interest in the licence and the Avington oil field.The proceeds of the sale will be utilised on Egdon's active UK and French exploration, appraisal and development programme where the Company believes it can generate a better return on investment.

Egdon Resources plc (EDR:AIM) is pleased to advise that gas production resumed from the Ceres gas field on 17 September 2011, following prolonged maintenance shut-down of the BP Cleeton Platform and associated infrastructure. Total field production is initially expected to be around 21 million cubic feet of gas per day. Egdon holds a 10% interest in Ceres and net Egdon production after Backout (the allocation of Ceres gas to replace the production at the Mercury and Neptune fields which have been shut-in to allow Ceres production) is expected to be around 1.2 million cubic feet of gas per day (200 barrels of oil equivalent per day).

Egdon Resources plc (EDR:AIM) note the release made today by Northern Petroleum plc ("Northern") advising that it has started operations for an extended well test of the Markwells Wood-1 oil discovery in West Sussex licence PEDL126 where Egdon hold a 10% interest.

Northern have advised that the workover rig arrived on site yesterday and that the production string is being installed prior to the installation of testing facilities to enable testing operations to begin in early October 2011.

Egdon Resources plc (EDR:AIM) is pleased to provide an update on its UK operations and production at its year end of 31 July 2011.Egdon's production during July 2011 from the Keddington, Kirkleatham and Avington fields was 420 barrels of oil equivalent per day ("boepd").KeddingtonAt the Keddington Oil Field in Lincolnshire, licence PEDL005(remainder) (Egdon 75% interest) the Keddington-4 (K4) well was drilled as a re-entry and horizontal sidetrack from the Keddington-1Z "donor" well during April 2011, and a total of 120 metres of the primary reservoir Unit 1 sandstone was encountered along with 65 metres of Unit 2.As reported in May the K4 well initially free-flowed oil and gas at maximum rates in excess of 200 barrels of oil per day ("bopd") and 518,000 cubic feet of gas per day with no associated formation water. Following "bleeding- off" of the gas pressure the well was put on pumped production using a down-hole sucker-rod pump and stabilised rates of around 75 bopd along with 200,000 cubic feet of gas per day were achieved by the end of June. Indications are that the pump is operating at low efficiency due to the high gas levels in the produced fluids and that the well is capable of delivering higher oil rates with greater drawdown. Options to resolve this are being investigated.The Keddington-3z well (K3Z), which had been shut-in since March 2011, was put back on free-flow production, along with continued production from K4, from the beginning of July and total oil rates have steadily increased during the month from 120 to 180 bopd (Net Egdon 135 bopd) as the gas pressure in the well has gradually been "bled-off" in a controlled manner and has been constrained by flaring capacity. Average daily production during July was 158 bopd (Net Egdon 118.5 bopd) and 850,000 cubic feet of gas per day (Net Egdon 106 boepd currently being flared).To date no formation water has been produced from either K3Z or K4 resulting in a decrease in project operating costs.We continue to pursue the best options for export of electricity from the site to minimise constraints on oil production and are integrating the results of the K4 well into a field model to enable a reassessment of the ultimate reserves for the field.KirkleathamAs previously reported the Kirkleatham gas field in PEDL068 (Egdon 40% interest) achieved first production on 19 April 2011. Following the resolution of a number of residual mechanical and control issues the field has been capable of 24 hour production since mid-May. Availability of the end-user power plant restricted production during June. However, production uptime during July has been high with production averaging 4.24 million cubic feet of gas per day ("mmcfg/d") (Net Egdon 1.7 mmcfg/d or 282 boepd). Levels of H2S have stabilised at 60 parts per million, well below design limitations.The power plant was shut-in for 7 days for routine maintenance on 30 July during which time down-hole pressure data will be retrieved from the Kirkleatham-4 well for analysis.It is planned to produce the well at between 3 and 3.5 mmcfg/d (Net Egdon 1.2 to 1.4 mmcfg/d or 200 to 233 boepd) on resumption of production to match expected power output and manage reservoir pressure.CeresThe Ceres field in block 47/9c (Egdon 10% interest) is now in a position to produce following completion of repair work on the damaged Eris umbilical and resolution of hydrate issues in the flow lines. The Ceres field was brought back on stream on 13 June 2011 and was produced with some interruptions until 26 June 2011 when the field was shut-in due to annual maintenance at the Cleeton platform. Egdon have been advised that this shut-down is likely to last for a period of around sixty days with the expectation of a restart of sustained production during September 2011. Production occurred over seven days during June 2011 and average net Egdon gas production for the period was 1.6 mmscfg/d (c. 260 boepd).Waddock CrossAt the Waddock Cross oil discovery in Dorset licence PL090 (Egdon 45%), the site is in the final stages of preparation for commencement of an Extended Well Test. Test operations are expected to start within the next two weeks and to continue for a period of up to six months. The intention is to trial a number of techniques aimed at increasing oil production in this high water cut reservoir to enable a decision to be made over a future development of this field which contains significant in place oil reserves.Markwells WoodIn West Sussex licence PEDL126 (Egdon 10%) we have been advised that well test operations at the Markwells Wood-1 oil discovery are due to commence at the end of August, subject to final DECC approval The test is planned to last a maximum of 40 days and will include acid stimulation of the reservoir. The outcome of the testing will help in determining the commerciality of the well.AvingtonThe Avington oil field in Hampshire licence PEDL070 (Egdon 26.67% interest following the recently announced sale of 10% interest in the field) continues to produce from the Avington-2z and Avington-3z wells. Net Egdon production for July was 20 bopd.Dukes Wood/KirklingtonIn Nottinghamshire licence PEDL118 (Egdon 65% interest) planning consent has been received for oil production at the Dukes Wood-1 well. Egdon are now in the process of securing the environmental permit and DECC field development approval prior to restarting the combined production from Dukes Wood-1 and Kirklington-3Z later in 2011.PEDL201 Seismic ProgrammeIn Leicestershire/Nottinghamshire licence PEDL201 (Egdon 50%) Tessla-IMC completed a 19 kilometre 2D seismic programme during May 2011 over the Burton on the Wolds Prospect which is located to the south-east of the Rempstone oil field. The processed data is currently being evaluated with a view to a drilling decision during 2012.PEDL180/182 3D Seismic ProgrammeA contract has recently been signed with Tessla-IMC for the acquisition of a 45 square kilometre 3D seismic survey over the prospective Broughton-Wressle trend in Lincolnshire licences PEDL180 & PEDL182. On current timing the survey is expected to be completed by the year end.Commenting on the recent developments, Egdon's Managing Director Mark Abbott said:

"We have made further good progress towards our long stated target of 500 boepd and achieved net Egdon production of 420 boepd during July 2011. The resumption of production at Ceres which is currently expected on conclusion of the maintenance shut-down of the Cleeton platform during September, along with the EWT at Waddock Cross should enable us to exceed our production target at this time.We also look forward to the commencement of the Markwells Wood-1 well test which will determine if the discovery is commercial."