Egdon Resources plc (AIM:EDR) is pleased to report that its wholly owned subsidiary Egdon Resources Avington Limited ("ERA") has reached agreement to sell a 10% interest in the Avington oil field under licence PEDL070, for £400,000 in cash.Under the transaction, ERA has agreed to sell a 5% interest to IS E&P Limited and a further 5% interest in the licence to IS NV Limited (together the "IS Companies"). The consideration payable by each of the IS Companies for their respective 5% interests will comprise £200,000 in cash payable on completion and the assumption of their pro-rata shares of a Net Profit Interest ("NPI") payable to Heyco Energy Holdings S.L. The NPI varies between 5 and 10% dependent upon oil price. The effective date of the transaction is 1 June 2011.The transfers of interest are subject to approval by the Department of Energy and Climate Change.Prior to the transaction ERA held a 16.67% interest in PEDL070. Egdon Resources U.K. Limited also holds a further 20% interest in the licence meaning that on completion Egdon will retain an aggregate 26.67% interest in the licence and the Avington oil field.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. Production averaged approximately 70 barrels of oil per day in June 2011.The sale will reduce Egdon's daily production by a maximum expectation of 7 barrels of oil per day and reduce its Proven and Probable reserves by an estimated 23,000 barrels of oil. The contribution to net profit from the 10% interest for the eleven months to end June 2011 after depreciation and amortisation was £18,500 before tax (unaudited). The gross cash flow from the interest for the same period was £58,000 (unaudited). The carrying value of the asset sold as at 30 June 2011 was £422,390 (unaudited).The proceeds of the sale, which will total £400,000 payable on completion, 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.The IS Companies are private companies involved in oil and gas exploration and production. InfraStrata plc is a 50% shareholder in both companies although both companies have independent boards. Egdon directors Ken Ratcliff and Walter Roberts are also directors of InfraStrata plc and Walter Roberts and John Rix have shareholdings in the IS Companies. As such an independent committee of Egdon directors comprising Philip Stephens, Alan Booth and Mark Abbott was set up to consider the offers and negotiate and approve the transaction.Commenting on the sale Egdon's Managing Director Mark Abbott said:

"These transactions realise a significant proportion of our expected future value from the transferred interest in cash at a time of strong oil price. Egdon believes it can utilise this cash on its higher potential projects in the UK and France to provide a better return for shareholders We still retain a material interest in the Avington field and any upside which may be realised from future drilling".

Egdon Resources plc (EDR:AIM) is pleased to provide an update on changes to certain of its UK licence interests as well as details of a recent seismic survey.Egdon have reached agreement with Europa Oil and Gas Limited (“Europa”) and Celtique Energie Petroleum Ltd. (“Celtique”) to equalise working interests across contiguous Petroleum Exploration and Production Licences (“PEDL”) 180 and 182 in the East Midlands. Egdon is the current operator of PEDL182 and will assume operatorship of PEDL180. On conclusion of the transaction, which is subject to approval from the Department of Energy and Climate Change (“DECC”), Egdon will hold a 33.33% interest in both licences reducing from its current 50%. The transaction provides alignment for the planned exploration programme for this area, which contains a trend of oil prone structures including the Broughton oil discovery and Wressle Prospect, which spans the two licences. A joint 3D seismic survey is planned for later in 2011 to firm up drilling locations for the licences. It is hoped to drill during 2012 as part of a planned multi-well drilling programme in the East Midlands.Egdon have also reached agreement with Celtique whereby Celtique will acquire a 25% interest in PEDL181 from Egdon, again subject to approval by DECC. Following completion, Egdon will hold a 25% interest. Europa is the operator of PEDL181 with a 50% interest.Egdon’s interests in PEDL180 and 181 were acquired from Valhalla Oil and Gas Limited (“Valhalla”) earlier in 2011. The licences are covered by an Area of Mutual Interest agreement between Egdon and Celtique. Celtique will assume 50% of the consideration to Valhalla. This will comprise the payment of a 10% Net Profit Interest (“NPI”) on each 25% interest in PEDL180 and PEDL181 assigned to it by Egdon (2.5% net). The NPI is payable from revenues after recovery of pro-rata exploration, development and production costs.Elsewhere in the East Midlands, Egdon is pleased to report the successful completion of a 13 kilometre 2D seismic programme over the Burton on the Wolds Prospect in PEDL201 where Egdon holds a 50% operated interest. The Burton on the Wolds prospect is located on the southern margin of the Widmerpool Basin to the South-East of the Rempstone Oil Field and is a four-way dip-closed prospect associated with an underlying seismic anomaly. Indicative prospective resources are estimated by Egdon at around 1.5 million barrels.Commenting on the recent developments, Egdon’s Managing Director Mark Abbott said:

“We are pleased to have reached agreement with Europa and Celtique in relation to PEDLs 180, 181 and 182 and to have assumed operatorship of PEDL180. We are now in a position to operate the forthcoming 3D seismic programme and develop plans for drilling on this highly prospective trend with a uniform Joint Venture partnership. The early results of the seismic programme over the Burton on the Wolds Prospect look encouraging and we hope will lead to a firm drilling location.”

Egdon Resources plc (EDR:AIM) is pleased to provide an update on production testing of the Keddington-4 well in Egdon’s operated licence PEDL005 (Remainder) located in Lincolnshire.The Keddington-4 well was drilled as a re-entry and horizontal sidetrack from the Keddington-1Z "donor" well, during April 2011 and encountered a total of 120 metres of the primary reservoir Unit 1 sandstone and 65 metres of Unit 2.Site reinstatement works have been completed and the Keddington-4 well commenced pumping operations on Monday 23 May 2011 at 08.30 hours. After initial recovery of kill-brine and oil-based drilling mud, the well began free-flowing oil and gas through an adjustable choke and the pump was shut-off. The well has been shut-in periodically to observe pressure behaviour. Free-flowing production over a flowing period of 68 hours to 07.30 on 27 May 2011 has yielded 647 barrels of oil along with 1,106,300 cubic feet of gas on a minimum choke setting. The production rate for the 24 hours to 07.30 hours on 27 May 2011 was measured at 234 barrels of oil per day (“bopd”) and 518,000 cubic feet of gas per day (“cfg/d”). No formation water has been observed to date.It is intended to continue to produce the Keddington-4 well over the coming few weeks to determine the optimum rate and methods of producing the well. Production from the adjacent Keddington-3z well, which was producing at constrained rates of 100 bopd and 650,000 cfg/d prior to being shut-in during the drilling operations, will resume in the coming weeks once stable production has been established from Keddington-4.We will provide further updates once stable oil and gas rates for the field are established.Egdon holds a 75% operated interest in PEDL005(Remainder). The joint venture partners are Terrain Energy Limited (15%) and Alba Resources Limited (10%), a wholly owned subsidiary of Nautical Petroleum plc (AIM: NPE).Commenting on the production testing operations, Egdon’s Managing Director Mark Abbott said:

“We are pleased by these initial production results from the Keddington-4 well. The good oil rates, lack of any observed formation water and current gas production from the well are all encouraging. We will continue to flow and monitor the well over the next few weeks as we look to define the optimum production strategy for the well and the field as a whole.”

The Board of Egdon Resources plc (AIM:EDR) notes the release made today by Europa Oil and Gas (Holdings) plc (“Europa”) advising of yesterday's decision of the Planning Committee of Surrey County Council to refuse planning permission for the UK onshore Holmwood-1 exploration well.Europa also advised that the combination of the very close voting result and the recommendation by the Planning Officers to allow the drilling, following an exhaustive review of the application, gives the Directors and partners sufficient justification to appeal this decision on the grounds that the decision to refuse was not made purely on the facts of the case.Holmwood is situated in PEDL143 where Egdon holds a 38.4% interest. The joint venture partners are Europa Oil & Gas Ltd (Operator) (40%), Warwick Energy (20%) and Altwood Petroleum Limited (1.6%).

Egdon Resources plc (AIM: EDR) today provides an update on operations at two key UK projects.The Board is pleased to report that first gas flows were achieved on 19 April 2011 at the Kirkleatham gas development in PEDL068 where the Company holds a 40% operated interest. The joint venture partners are Sterling Resources (UK) Ltd (47%), Yorkshire Exploration Limited (8%) and Montrose Industries Limited (5%).During the early stages of production from the field, gas flow rates and their duration will be restricted as system performance and gas quality is monitored and training undertaken of the site operatives. It is expected that flow rates will be gradually ramped up to the maximum of around 5 million cubic feet of gas per day and 24 hour operations will commence in the coming weeks.The gas from Kirkleatham is sold to Sembcorp Utilities (UK) Limited, the operator of the Wilton site for use in their GT2 gas turbine power plant.The Board also reports that drilling operations have now been completed at Keddington-4 in Lincolnshire licence PEDL005(Remainder) where Egdon holds a 75% operated interest. The joint venture partners are Terrain Energy Limited (15%) and Alba Resources Limited (10%), a wholly owned subsidiary of Nautical Petroleum plc (AIM: NPE).The Keddington-4 well was drilled as a re-entry and horizontal sidetrack from the Keddington-1Z "donor" well, which was drilled by Candecca Resources in 1998. The British Drilling and Freezing Limited BDF28 drilling unit mobilised to site on 1 April and operations began on 4 April. The plugging-back of the existing well was completed and the drilling of the sidetrack commenced at 0700 hours on 9 April from a kick-off depth of 2080 metres. The well reached its total depth of 2468 metres at 1800 hours on 22 April. A total of 120 metres of the primary reservoir Unit 1 sandstone with high gas readings indicative of the presence of oil was penetrated some 6 metres shallower than in the Keddington-1Z well. An additional 65 metres of Unit 2 was also drilled. Due to borehole stability concerns, it was decided not to deepen the well as planned to penetrate the "Namurian" sandstones, which had gas indications in Keddington-3. Keddington-4 has now been completed for pumped production with a slotted liner over the entire horizontal section of the well. Once the drilling rig has demobilised from site later this week all surface facilities will be reinstated and the well put into production. Production from the adjacent Keddington-3z well, which has been suspended for safety reasons during the drilling operations, will resume once Keddington-4 has been tested.Commenting on these developments Egdon's Managing Director Mark Abbott said:

"Having achieved the milestone of first gas at Kirkleatham, we now look forward to achieving optimum production rates in the coming weeks. The presence in Keddington-4 of a significant section of Unit 1 reservoir up-dip of the Keddington-1Z well is encouraging and we look forward to the results of production from this well during early May."

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Egdon Resources plc (AIM:EDR) is pleased to announce the start of drilling operations at the Keddington oil field on Lincolnshire Licence PEDL005(Remainder).Egdon holds a 75% interest in and is operator of the PEDL005(Remainder) licence. The joint venture partners are Terrain Energy Limited ("Terrain"), holding a 15% interest and Alba Resources Limited ("Alba"), a wholly owned subsidiary of Nautical Petroleum plc (AIM: NPE), with a 10% interest.The Keddington-4 well will be drilled as a re-entry and horizontal sidetrack from the Keddington-1Z "donor" well, which was drilled by Candecca Resources in 1998. This oil production well has been shut-in since the drilling of Keddington-3 and 3Z in April 2010. Keddington-4 is planned to penetrate approximately 200 metres of producing Unit 1 sandstone in a new horizontal section. The well is also planned to penetrate the deeper "Namurian" sandstones, which had gas indications in Keddington-3 to provide additional information on this potential gas bearing zone.The British Drilling and Freezing Limited BDF28 drilling unit began mobilising to the site on 1 April and operations began on 4 April. The plugging-back of the existing well has been completed and the drilling of the sidetrack commenced at 0700 hours on 9 April from a kick-off depth of 2080 metres. The well is intended to be drilled directionally to a total measured depth of around 2750 metres. Drilling and completion operations are expected to last a total of around three weeks.The well is expected to be completed for free-flowing or pumped production using the existing surface production facilities shortly after the rig is released from the site.Keddington-4 is designed to increase total field production at a time of high oil prices and provide additional reservoir information in an untested part of the structure to factor into the investment decision on the scale of the gas to electricity generation project planned for the field. This is expected to provide an important additional revenue stream and eventually will enable unconstrained production of oil from the field.Production from the adjacent Keddington-3z well has been suspended for safety reasons during the drilling operations and will resume once the rig has been demobilised from site and the flow characteristics of Keddington-4 has been determined.A further announcement will be made at the conclusion of operations.

The Board of Egdon Resources plc (EDR:AIM) today provides an update on the progress of operations at three key UK projects.Following weather related delays through December, the Company can report that all civil, mechanical and electrical construction has now been completed at Egdon's operated Kirkleatham gas development in PEDL068 where the Company holds a 40% interest. Final snagging and pre-commissioning activity is nearing completion and we anticipate commissioning and first gas within the next few weeks. We will provide a further update to shareholders once first gas is achieved.As previously reported the prolonged maintenance shut-down of the BP Cleeton Platform and associated infrastructure has meant that the Ceres Gas Field (of which Egdon holds a 10% interest) has been shut-in since June 2010. Egdon is pleased to advise that these works are now approaching completion. However, during recent testing of the Ceres/Eris production systems anchor damage was discovered to the Eris umbilical and a repair is underway to allow gas flows from the fields to be resumed. The operator, Centrica, is progressing these repairs as a priority and has advised that work should be completed around mid-April. Assuming a successful conclusion to other outstanding works it is therefore anticipated that gas production from Ceres will resume a few weeks afterwards.The Company also advises that it expects to commence further drilling operations at the Keddington oil field, in Lincolnshire licence PEDL005 (Remainder), in early April. The planned Keddington-4 well will be a horizontal sidetrack from the Keddington-1Z donor well at a kick-off depth of 2080 metres and will be drilled to a total depth of around 2750 metres, which will include a horizontal section of up to 500 metres. This well is designed to increase total field production at a time of high oil price and provide additional reservoir information in an untested part of the structure to enable the investment decision on the scale of the gas to electricity generation project. This is expected to provide an important additional revenue stream and eventually enable unconstrained production of oil from the field. We will provide further details of the well at commencement of operations. Production from site will be shut-in for the duration of these operations which are expected to last around 30 days.Commenting on the update Egdon's Managing Director Mark Abbott said:

"We share our shareholders' frustrations with the delays to production at Kirkleatham and Ceres. With the anticipated start-up of production at Kirkleatham, further drilling at Keddington and the eventual restoration of production at Ceres expected towards the end of April we can look forward to a significant increase in production and revenues within the next two months."

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 6 months ended 31 January 2011 will be announced on 19 April 2011.An analyst meeting will be held at 9.30am on 19 April 2011 at Buchanan Communications, 3^rd Floor, 107 Cheapside, London, EC2V 6DN.

Egdon Resources plc (AIM:EDR) is pleased to report that further to the announcement of 28 January 2011 it has now completed the acquisition from Valhalla Oil and Gas UK Limited (“Valhalla”) of their entire 50% interests in UK Petroleum Exploration and Development Licences (“PEDLs”) 180 and 181.The consideration for the acquisition is the grant to Valhalla of a Net Profit Interest (“NPI”) of 10% of the assigned 50% interest in each of the licences.PEDL’s 180 and 181 are located in the county of Lincolnshire and are operated by Europa Oil and Gas. They are situated adjacent to Egdon’s operated licences PEDL182 and PEDL241 where the Company holds a 50% interest. PEDL180 contains the Wressle Prospect which extends into PEDL182 where the Broughton oil discovery is located. This oil prone trend of structures is bounded to the north-west by the Crosby Warren producing oil field and the Brigg oil discovery to the south-east. PEDL181 contains a number of potential leads defined on 3D seismic data which will be further evaluated.Both licences are subject to a drill or drop decision later this year.Commenting on the acquisition Egdon’s Managing Director Mark Abbott said:

“We are pleased to have completed this acquisition which is in line with our UK onshore growth strategy. We are currently developing plans for possible 3D seismic acquisition over the Broughton-Wressle structures during 2011 to firm up potential drilling locations in this highly prospective trend.“

The Company was notified today that, as a result of a disposal of 130,000 ordinary shares in Egdon on 14 March 2011, Andrew Hindle now holds 6,529,232 ordinary shares (with an equivalent amount of voting rights) in the Company which represents approximately 4.99 per cent. of the issued ordinary share capital of the Company.

Egdon Resources plc (AIM:EDR) is pleased to announce that it has been advised by Seven Star Natural Gas Ltd ("Seven Star"), the farm-in partner on Staffordshire licence PEDL141, that planning permission was granted by Staffordshire County Council for the re-entry and testing of the Nooks Farm-1A well at a planning committee meeting held on 3 February 2011.The Nooks Farm accumulation was discovered by Shell in 1982, with the Nooks Farm-1A well encountering gas bearing sandstones of Carboniferous age at a depth of 430m relative to sea level. The well achieved a maximum flow rate of 1.12 million cubic feet of gas per day on test. Estimates of the volumes of gas in place at Nooks Farm have been independently assessed as being in the range of 0.88 to 3.83 billion cubic feet of gas. It is proposed to re-enter the Nooks Farm-1A well and produce gas for on-site electricity generation with export via an underground cable to the National Grid.Under the terms of a Farm-in Agreement the drilling will be operated by Seven Star, a wholly owned subsidiary of UK Onshore Gas Limited.Egdon holds a 46% interest in the licence and will be carried through the planned drilling programme.Egdon will provide an update on the timing of operations in due course.The licence interests in PEDL141 are:Egdon Resources Plc – 46%Seven Star Natural Gas Limited – 50%Altwood Petroleum Limited – 4%Commenting on the news Egdon's Managing Director Mark Abbott said:

"We are pleased to receive consent for our planned re-entry of the Nooks Farm-1A gas discovery well and now look forward to Seven Star progressing plans for drilling and testing operations which we expect to be completed by September of this year. The proposal for low impact operations has enabled us to gain planning consent where previous operators have failed. Given a successful outcome to the operations we believe that Nooks Farm could make a contribution to revenues as early as 2012."

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement to acquire the entire interest of Valhalla Oil and Gas Limited (“Valhalla”) in two onshore UK Petroleum Exploration and Development Licences (“PEDLs”). The interests to be acquired comprise 50% of PEDL180 and 50% of PEDL181, which are located in the East Midlands Petroleum Province in the County of Lincolnshire. The consideration for the acquisition will be the grant to Valhalla of a Net Profit Interest (“NPI”) of 10% of the acquired interest in each of the licences. The NPI will be payable from any revenues after recovery of allowable exploration, development and production costs.PEDL180 and 181 were awarded in the 13th UK Landward Licensing Round in 2008 and are located adjacent to Egdon’s operated licences PEDL182 and PEDL241 where the Company holds a 50% interest. PEDL180, covering an area of 100 square kilometres, contains the Wressle Lead, mapped as extending into Egdon’s existing PEDL182 and located to the South East of the Crosby Warren producing oil field and between oil discoveries at Brigg and Broughton . PEDL181, located to the East of Egdon’s existing licences, is a large licence covering over 540 square kilometres and contains among other interesting structures the Caistor Lead, defined on 3D seismic data. Both licences are operated by Europa Oil and Gas and are subject to a drill or drop decision during 2011.The acquisition is subject to regulatory approval from the Department of Energy and Climate Change (DECC), and approval from the joint venture partner.Commenting on the acquisition Egdon’s Managing Director Mark Abbott said:

“The acquisition of these licences from Valhalla provides Egdon with access to further high potential acreage in one of our core exploration areas and reinforces our UK onshore growth strategy.“

Egdon announces that pursuant to the exercise of options granted under the Company's Enterprise Management Incentive Scheme, 111,317 ordinary shares of 10 pence have been issued and allotted.Application has been made for the new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 25 January 2011.The new ordinary shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 130,869,094 ordinary shares with an equal amount of voting rights and no shares held in treasury.

Egdon Resources plc (AIM:EDR) announces that Andrew Hindle is to step down from his role as a non-executive Director of the Company with effect from 1 February 2011. Andrew, along with Mark Abbott, co-founded Egdon Resources in 1997 and has been a Director since this time. He was instrumental in the development of Egdon's gas storage business and became the CEO of Portland Gas plc (now InfraStrata plc) on its demerger from Egdon in January 2008. Andrew has been a non-executive Director of Egdon since that time.Commenting on Andrew's resignation, Philip Stephens, the Chairman of Egdon Resources said:

"On behalf of the Board I would like to offer my thanks to Andrew for his significant contribution to the development of Egdon over the last thirteen years. In his role as a non-executive Director over the past three years his contribution has always been constructive and informative. Andrew believes that now is the time for him to concentrate on InfraStrata and we wish him every success with these endeavours".

The Directors of Egdon Resources plc (AIM:EDR) are pleased to note the statement made today by Northern Petroleum plc ("Northern") the operator of the Markwells Wood-1 well in Sussex licence PEDL126, where Egdon's wholly owned subsidiary Egdon Resources U.K. Limited holds a 10% interest. The statement read as follows:“Northern announces that assessment of the logs has confirmed that the entire Great Oolite drilled reservoir sequence in Markwells Wood-1 is oil bearing above the Horndean Field oil water contact of 4446 feet sub-sea level (TVD SS), meeting the primary objective.The presence of mobile (“live”) oil was observed when the 30 feet of core was extracted from the well. Initial analysis of the logs indicate the well, which was deviated at an inclination of approximately 56 degrees through the Great Oolite, penetrated a gross hydrocarbon bearing interval of 275 feet with a calculated net reservoir of 192 feet with an average porosity of 13-14%, a typical porosity value for this reservoir in the nearby fields in the same formation. The top of the Great Oolite was encountered 51 feet low to prognosis and the Great Oolite vertical thickness was 146 feet compared to a prognosis of 240 feet.The analysis of the core is currently underway and that data will be integrated with the petrophysical evaluation and image logs to design the testing programmes.Testing to establish pressures and flow rates in the existing wellbore will take place when the required services and equipment have been contracted. Testing operations will be conducted utilising a work-over rig at a lower day rate cost. Analysis of the result will enable the determination of the oil reserve potential and will be the basis for production planning.”The Licence Partners in the Markwells Wood-1 well are:Northern Petroleum (GB) Limited (operator)50%Magellan Petroleum (UK) Limited40%Egdon Resources U.K. Limited10%

The Directors of Egdon Resources plc (AIM:EDR) note the interim statement made today by Northern Petroleum plc ("Northern") the operator of the Markwells Wood-1 well in Sussex licence PEDL126, where Egdon's wholly owned subsidiary Egdon Resources U.K. Limited holds a 10% interest. The statement read as follows."Northern announces that live oil has been encountered in the Markwells Wood-1 well in the primary reservoir target. A core was taken and the well drilled to 4584 feet sub-sea level, and various logging tools are being run to aid the assessment of results. There will be no further comment until log evaluation is complete.The Licence Partners in the Markwells Wood-1 well are:Northern Petroleum (GB) Limited (operator)50%Magellan Petroleum (UK) Limited40%Egdon Resources U.K. Limited10%

Egdon announces that pursuant to the exercise of options granted under the Company's Enterprise Management Incentive Scheme, 82,003 ordinary shares of 10 pence have been issued and allotted.Application has been made for the new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 21 December 2010.The new ordinary shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 130,757,777 ordinary shares with an equal amount of voting rights and no shares held in treasury.

The Directors of Egdon Resources plc are pleased to announce that at the Annual General Meeting held at the offices of Buchanan Communications at 11.30 am on 7 December 2010 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 2011 which is now available on the Company's website www.egdon-resources.com.

Voting Results and Proxy Appointments

The Board of Egdon Resources plc (AIM:EDR) notes the release made yesterday 22 November by Northern Petroleum (GB) Limited ("Northern") advising that the Markwells Wood -1 well, where Egdon's wholly owned subsidiary Egdon Resources U.K. Limited holds a 10% interest, was spudded at 15:00hrs on 21 November 2010.

The Markwells Wood-1 well is located in Sussex licence PEDL126, and lies between the Horndean and Singleton producing oil fields and is assessed to be an extension of the former. The final measured depth of the directionally drilled well will be 1831m at a true vertical depth of 1380m. Further announcements will be made once drilling is completed, or as appropriate.

The Licence Partners in the Markwells Wood-1 well are:

Northern Petroleum (GB) Limited (operator)50%Magellan Petroleum (UK) Limited40%Egdon Resources U.K. Limited10%

Further to the announcements on 22 March 2010 and 28 July 2010, the Board of Egdon Resources plc (AIM:EDR) is pleased to report the completion of the acquisition of EnCore (E&P) Limited, the holder of two licence interests in France - Mairy and Nimes - from EnCore Oil plc. The consideration was £100,000 in cash.The completion follows the receipt of non-opposition to the proposed transfer of the ownership of EnCore (E&P) Limited to Egdon by the French authorities.EnCore (E&P) Limited has a 50% non-operated interest in the Mairy Permit which is located in the Eastern Paris Basin. The interest was increased from 30% to 50% following the withdrawal of Lundin from the permit early in 2010. In addition to conventional Rhaetic oil potential, the permit has also been identified as having shale-oil potential similar to the highly productive Bakken Shale of the US Williston Basin. The permit is operated by Toreador Energy France who concluded a "Paris Basin shale-oil partnership" agreement with Hess in May of 2010 which includes the Mairy Permit.The operated Nimes Permit in the South East Basin of France is owned 100% and is located in an under-explored part of France where there has been a recent resurgence of interest, largely focused on the regions shale-gas potential.Commenting on completion of the acquisition, Mark Abbott, Managing Director of Egdon said:

"France remains a key focus for Egdon and the addition of the Mairy and Nimes permits to our portfolio provides further opportunities for conventional and unconventional oil and gas within the country. We expect a well to be drilled in Mairy during 2011 and will be progressing our evaluation of Nimes over the coming months."