The Directors of Egdon Resources plc are pleased to announce that further to the announcement of 23 September 2009, Egdon and EnCore Oil plc (“EnCore”) have executed a series of agreements in relation to the acquisition of certain of EnCore’s UK and French assets by Egdon (“the Acquisition”). In addition, Egdon has conditionally raised £2 million (before expenses) through a placing of ordinary shares.The AcquisitionThe package of assets to be acquired comprise EnCore’s entire interest in nine onshore UK licences, two onshore French licences and an interest in the Ceres gas field in the Southern North Sea (“the Assets”).The Assets will provide Egdon with near-term cash-flow from the Ceres gas field and an increased interest in the Kirkleatham gas field development later in 2010. They also significantly expand the exploration opportunity base of the Company through the acquisition of the interests in nine onshore UK licences and two onshore French licences that contain numerous oil and gas prospects.The Acquisition is in line with Egdon’s strategy of developing a significant onshore European exploration and production business.As consideration for the Acquisition, Egdon has agreed to issue 39,200,000 Ordinary Shares to EnCore (the “Consideration Shares”), which will represent 29.998 per cent. of the enlarged share capital of the Company following the completion of the Acquisition and the proposed conditional placing (the “Enlarged Share Capital”), and in addition to pay £100,000 in cash. The total consideration values the Assets at £5 million.Other terms of the transaction include:Non-Compete Arrangements — under which, other than by agreement, Egdon will restrict its offshore activities in the UK to operations in the immediate area of Ceres and EnCore will restrict its onshore operations in the UK and France to the area adjoining its Merrow prospect on the eastern margin of the Irish Sea.Lock-in Arrangements — whereby EnCore and certain of its subsidiaries have undertaken not to dispose of any Consideration Shares for a period of 12 months from the date of their admission to trading on AIM (the “Lock-in Period”). EnCore has also agreed to orderly market provisions for a further period of 12 months following the Lock-in Period.Technical Services Agreement — whereby EnCore and Egdon have agreed to provide each other with certain services in connection with each of their businesses and the development of the Assets following the Acquisition.Facility Agreement — under which EnCore has agreed to provide Egdon with access to an unsecured loan facility for the purpose of exploration and development activities of Egdon and its affiliates. The Facility Agreement provides a term loan facility for a period of two years in an aggregate amount equal to £1,500,000 which can be drawn down at the request of Egdon in tranches of £250,000 at an interest rate of 10% or LIBOR plus 5% if greater.Board Representation – whereby EnCore will have a right to appoint a non-executive director to the Egdon Board on completion of the Acquisition, and for a period of five years thereafter, provided that either it holds 15 per cent. or more of the share capital of Egdon or it is the largest shareholder of the Company. It is currently anticipated that the nominee will be Alan Booth, EnCore’s Chief Executive Officer.The transfer to Egdon of EnCore’s UK onshore licences and interest in Ceres is subject to the usual regulatory approvals from the Department of Energy and Climate Change (DECC), and approval from the joint venture partners on each licence. In addition French regulatory consent will be required for the sale of the subsidiary holding Encore’s French licences.The PlacingThe Company is pleased to announce the conditional placing of 16,000,000 Ordinary Shares at a price of 12.5 pence per Ordinary Share with institutional and other investors to raise £2 million before costs.The proceeds of the Placing will be used to fund the additional near-term commitments associated with developing the enlarged Egdon business. This will include, but not be limited to, the development of the Kirkleatham gas field, the drilling of wells at Markwells Wood and Havant, and advancing evaluation of all other new and existing opportunities.The Placing also ensures that EnCore’s shareholding in Egdon will be below 30 per cent. at completion.Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. Subject to, amongst other things, the resolutions to be proposed at the General Meeting being passed by the requisite majorities at the General Meeting, it is expected that admission of the Placing Shares will become effective, and that trading in the Placing Shares will commence on AIM at 8.00 a.m. on 7 April 2010.General Meeting and CircularThe Acquisition and the Placing are conditional upon, amongst other things, Resolutions being passed by the requisite majorities required at a General Meeting of the Company to be held at 10.00 a.m. on 6 April 2010 at the offices of Norton Rose LLP at 3 More London Riverside, London SE1 2AQ.Resolutions will be proposed to approve the Acquisition and the Placing and to authorise the Directors to allot and issue shares in connection with the Placing and the Acquisition.Resolutions will also be proposed to replace the general allotment and disapplication of pre-emption right authorities that were granted at the last AGM of the Company on 3 December 2009, taking into account the Enlarged Share Capital.The full text of the Resolutions is set out in the Notice of General Meeting which will be circulated to shareholders today. A full copy of the circular will also be available for download on the Egdon Resources plc website (www.egdon-resources.com).Share CapitalOn Admission of the Placing Shares, expected on 7 April 2010 the number of shares in issue will total 91,475,774. On completion of the Acquisition and issue of the Consideration Shares the number of shares in issue will total 130,675,774.Commenting on today’s announcement, Mark Abbott, Managing Director of Egdon said:

“The acquisition of these assets from EnCore provides an excellent strategic fit with Egdon’s existing portfolio and will result in an increase in near-term cash flow from the Ceres field, a more material interest in Egdon’s operated Kirkleatham gas development and access to an expanded opportunity base in the UK and France from which to develop and grow our business over the coming years.To take advantage of the opportunities presented by this transaction it is essential that the Company is well capitalised and the additional funds available from the Placing and access to the £1.5 million loan facility provide the Company with additional short-term working capital until our revenue stream increases from the anticipated growth in production.We welcome EnCore as a significant shareholder in the Company and look forward to working with the EnCore team in developing the Assets of the enlarged Egdon.”

Commenting on the transaction, Alan Booth, EnCore’s Chief Executive Officer said:

“Our shareholding in Egdon will place a tangible and transparent valuation on parts of our overlooked asset base. Egdon is an experienced and committed onshore player, and, as a result of this transaction, we believe that Egdon now has the capacity and resources to grow into a significant onshore E&P company. As Egdon’s largest shareholder, EnCore will continue to actively support and assist in Egdon’s ambitious growth plans.”

View or download full releaseView or download General Meeting CircularView or download Proxy Form

The Directors of Egdon Resources plc (AIM:EDR) are pleased to announce the execution of key commercial agreements in relation to the Kirkleatham gas field development in North Yorkshire and Teeside licence PEDL068.The PEDL068 Joint Venture partners and Sembcorp Utilities (UK) Limited (“Sembcorp”), which owns the power station and much of the land on the Wilton International site and provides utilities and services to industrial customers on that site, have signed a series of agreements relating to the commercial terms of gas sales, the lease of a process site, the granting of wayleave rights for pipelines and for the operation and maintenance of the facilities on the Wilton site.Under the terms of the Gas Sales Agreement all Kirkleatham gas will be sold to Sembcorp. Sembcorp has also been granted certain rights to participate in any future gas storage project that may be developed at Kirkleatham.Planning consent was received for the Kirkleatham development in August 2009. The consent allowed for production from the existing Kirkleatham-4 well site and for the drilling, testing and production from up to two additional wells at the site. Gas will be transported from the well site via a six hundred metre long underground pipeline to the Wilton site boundary and then via an above ground pipeline to a processing site within Wilton. On the processing site, water and all hydrocarbon liquids will be removed and the gas heated and metered prior to delivery via an above ground pipeline to a Sembcorp-owned combined heat and power plant which generates electricity for site and export use and can also generates steam for site use.Egdon is also pleased to announce that following a tendering process in late 2009 it has appointed Stockton-on-Tees based K Home International Limited (“KHI”) as the Engineering, Procurement Services and Construction Management (“EPCM”) contractor for the Kirkleatham development project.KHI will manage the detailed design, procurement and construction phase of the development under the oversight of Egdon’s engineering consultants and project managers Vision Oil & Gas of Guildford.The near term focus will now be to secure the remaining regulatory approvals and to begin the construction phase of the project. The target for first gas is the start of the winter 2010 gas season.Commenting on these developments, Mark Abbott, Managing Director of Egdon, said:

“This is a significant milestone for the Kirkleatham project. We have been working to monetise the Kirkleatham gas field since its discovery in early 2006 and are delighted to have reached agreement with Sembcorp in relation to the commercial terms for the project. We are also pleased to announce the appointment K Home International Limited as our EPCM contractor. KHI is a local company with experience of operating on the Wilton site and we look forward to working with them to secure first gas and cash flow for the coming winter. I would also like to thank our engineering and commercial advisors Vision Oil & Gas and Energy Contract Solutions who have worked tirelessly over the last year to get us to this point.”

The Company was notified on 15 February 2010 that, following a disposal on 12 February 2010, Hargreave Hale Limited now holds 12,039,871 Ordinary Shares (with an equivalent amount of voting rights) which represents approximately 15.952 per cent. of the issued Ordinary Share voting capital of the Company.8,585,000 of the Ordinary Shares held by Hargreave Hale Ltd. are held for unit trusts operated by Malborough Fund Managers Ltd. for whom Hargreave Hale Ltd. manages the portfolio of investments on a discretionary basis.

The Directors of Egdon Resources plc (AIM:EDR) provide an update on drilling operations at the Kirklington site in its Nottinghamshire licence PEDL203.The Kirklington-3 well was drilled directionally using the BDF28 rig to a total depth of 821 metres against a planned depth of 980 metres and encountered the target Chatsworth Grit sandstone significantly deeper than predicted. The Chatsworth Grit was encountered below the interpreted field oil water contact with only poor oil shows seen and was interpreted as water bearing. As such, a decision was made to curtail the drilling of the planned horizontal section and to cement back the well to allow the drilling of a sub-vertical sidetrack (Kirklington-3z) close to the original Kirklington-2 producer to gain additional data and enable restoration of field production.The Kirklington-3z well reached a total depth of 698 metres on 10 February 2010. The well encountered the Chatsworth Grit interval some 3.5 metres deeper than in the Kirklington-2 well which is located only 25 metres to the north-east. The reservoir was also thinner at 5.2 metres thick compared to 9.2 metres at Kirklington-2. Drill cuttings through the interval had oil staining and good oil shows. An open-hole completion has been run in Kirklington-3z to enable pumped production of the Chatsworth Grit.The rig is currently being demobilised from site following which surface facilities will be reinstalled. The next well in Egdon's planned drilling programme is a sidetrack of the Keddington-2y well in Lincolnshire licence PEDL005 (Remainder). This will now commence in March once all drilling preparations are completed at the site.Commenting on the drilling results Mark Abbott, Managing Director of Egdon said:

"These results have shown that the Kirklington field is far more complex than our pre-drill information indicated. We will be assessing the new information gathered to determine if further drilling activity and investment is warranted at Kirklington. In the meantime we look forward to putting the Kirklington-3z well onto production through the existing facilities."

Egdon is the operator and holds a 65% interest in the PEDL203 licence. Joint venture partner Terrain Energy Limited holds a 25% interest in the licence and on completion of the on-going farm-in Angus Energy will hold a 10% interest.

The Directors of Egdon Resources plc (AIM:EDR) are pleased to provide an update on operations at the Kirklington well site in its Nottinghamshire licence PEDL203.The Kirklington oil field was discovered by BP in 1985 with the drilling of the Kirklington-2 well and has two oil bearing intervals in the Sub-Alton Crawshaw and the Chatsworth Grit reservoirs at depths of around 600 metres relative to mean sea level. The Kirklington oil field had been shut-in since 2004 prior to Egdon restarting production on 28 July 2009.The Kirklington-3 well will be a sidetrack of the existing well and is targeting an area interpreted as containing un-drained oil up-dip to the north and west of the existing well through the drilling of a 300 metre horizontal interval in the primary Chatsworth Grit producing interval.The BDF28 rig started operations at the Kirklington site on 31 January 2010. The plugging-back of the existing well has now been completed and the drilling of the sidetrack commenced today from a kick-off depth of 510 metres. The well will to be drilled directionally to a total measured depth of approximately 980 metres.The well is expected to be completed for pumped production using the existing surface production facilities shortly after the rig is released from site. Drilling and completion operations are expected to last a total of 12 days.Egdon is the operator and holds a 65% interest in the PEDL203 licence. Joint venture partner Terrain Energy Limited holds a 25% interest in the licence and on completion of the on-going farm-in Angus Energy will hold a 10% interest.Further announcements will be made as operations progress.

The Company was notified on 29 January 2010 that, following an acquisition on 28 January 2010, Hargreave Hale Limited now holds 12,139,871 Ordinary Shares (with an equivalent amount of voting rights) which represents approximately 16.08 per cent. of the issued Ordinary Share voting capital of the Company.8,685,000 of the Ordinary Shares held by Hargreave Hale Ltd. are held for unit trusts operated by Malborough Fund Managers Ltd. for whom Hargreave Hale Ltd. manages the portfolio of investments on a discretionary basis.

The Company was notified on 28 January 2010 that, following a disposal on 27 January 2010, Hargreave Hale Limited now holds 12,039,871 Ordinary Shares (with an equivalent amount of voting rights) which represents approximately 15.95 per cent. of the issued Ordinary Share voting capital of the Company.8,685,000 of the Ordinary Shares held by Hargreave Hale Ltd. are held for unit trusts operated by Malborough Fund Managers Ltd. for whom Hargreave Hale Ltd. manages the portfolio of investments on a discretionary basis.

The Directors of Egdon Resources plc (AIM:EDR) are pleased to provide an update on operations at the Dukes Wood-1 well in Nottinghamshire licence PEDL118.The Dukes Wood-1 well recommenced drilling operations on 11 January 2010 using the British Drilling and Freezing Limited rig 28 (“BDF28”). The well reached a total depth of 793 metres measured depth (615.7 metres true vertical depth) on 20 January 2010. All formations were penetrated very close to the pre-drill prognosis. Oil shows were observed in a number of the target formations whilst drilling. Analysis of the wireline log data over the primary objective for this well, the Ashover Grit unit 5 (“AG5”), indicates a total net pay thickness of 4.7 metres (4 metres vertical thickness) with porosity averaging 20% and oil saturations in excess of 50%.Whilst encouraged by these results only an extended well test will determine the full production potential of the AG5 and other zones. The well has been cased and perforated over a 5 metre interval in the AG5 and completed for test production. Testing operations are expected to commence during February 2010, as soon as all approvals are obtained and equipment and personnel mobilised.Four other intervals of interest have also been identified within the well, the Sub-Alton Crawshaw, Loxley Edge Rock, Ashover Grit unit 4 and Wingfield Flags. The total potential net pay across these formations is 21.64 metres (measured depth) and these zones may be perforated and tested at a later date.Egdon holds a 65% interest in and is operator of the PEDL118 licence. Joint venture partner Terrain Energy Limited holds a 25% interest in the licence and on completion of the on-going farm-in Angus Energy will hold a 10% interest.The BDF28 rig is currently being rigged down and will then be moved to the Kirklington oil field to drill a sidetrack of the Kirklington-2 production well.Further announcements will be made as operations progress.Commenting on the well results Mark Abbott managing Director of Egdon said;

“The Dukes Wood-1 well provides the first modern data from the Eakring-Dukes Wood field and will provide useful information for the development of our long term plans to rejuvenate the field. We are encouraged by the initial analysis of the well results which have indicated the presence of a number of zones capable of oil production. We now look forward to the outcome of the production testing of the Ashover Grit and potentially other formations over the coming months. Our near-term focus now turns to the Kirklington sidetrack in adjacent licence PEDL203.”

View or download full release

The Directors of Egdon Resources plc (AIM:EDR) are pleased to announce that the Company has reached agreement to farm-out 10% interests in its Nottinghamshire licences PEDL118 and PEDL203 to subsidiaries of Angus Energy Limited (“Angus”).In PEDL118, Angus Energy Eakring Development Limited will earn a 10% interest in the licence in return for paying 20% of the costs of the currently drilling Dukes Wood-1 well. Following completion Egdon will hold a 65% operated interest in the licence. As part of the agreement Egdon has also granted Angus an option to acquire up to a further 10% interest in the licence on commencement of drilling of the second well on the licence. In consideration, Angus will carry Egdon on the same terms for this second well and will pay certain back costs for any additional acquired interest.In PEDL203 Angus Energy Kirklington Development Limited will earn a 10% interest in return for paying 20% of the cost of the forthcoming sidetrack of the Kirklington-2 well. Following completion Egdon will hold a 65% operated interest in the licence.The transaction is subject to regulatory approval by the Department of Energy and Climate Change.Angus is a private Scottish registered company which is looking to develop a portfolio of onshore UK producing assets.Commenting on the transaction, Mark Abbott, Managing Director of Egdon said;

“We are pleased to welcome Angus as a partner on these licences. With this farm-out and the recently completed sale to Terrain we have reached our objective of reducing our cost and risk exposure on the Eakring-Dukes Wood and the Kirklington projects whilst maintaining a material operated interest. We now look forward to the results of the current drilling at Dukes Wood-1, the first well to be drilled on this oil bearing structure since the 1940’s.”

View or download full release

The Directors of Egdon Resources plc (AIM:EDR) are pleased to report that drilling operations have commenced at the Dukes Wood-1 well in Nottinghamshire licence PEDL118.The Dukes Wood-1 well was drilled and cased to a depth of 47 metres in November 2008 before being suspended. Drilling operations recommenced at 11:30 hours on 11 January 2010 using the British Drilling and Freezing Limited rig 28 ("BDF28"). The well will now be drilled directionally to a planned measured depth of around 800 metres. Dukes Wood-1 will test the crest of the Dukes Wood anticline in an area where Egdon has identified potential for un-drained and re-migrated oil. An abandoned well in this part of the structure was re-entered in 1992 and produced 180 barrels of oil during a short test from the upper interval of the Ashover Grit indicating the presence of recoverable oil. Operations are expected to take around two weeks. The primary target for the well will be the Ashover Grit reservoir interval with secondary reservoir objectives in the Sub-Alton Crawshaw, Loxley Edge Rock and Wingfield Flags all oil bearing on the structure. This is the first well in the evaluation of the rejuvenation potential of the Eakring-Dukes Wood oil field where Egdon has identified low risk opportunities to add production, revenues and reserves.Egdon holds a 75% interest in and is operator of the PEDL118 licence. Joint venture partner Terrain Energy Limited holds a 25% interest in the licence.Following completion of operations at Dukes Wood-1 the BDF28 rig will mobilise to the Kirklington oil field to drill a sidetrack of the Kirklington-2 production well.Further announcements will be made as operations progress.

The Management of Egdon Resources plc (AIM:EDR) have been advised by Europa Oil and Gas, the operator of Weald Basin licence PEDL143, that the Department of Energy and Climate Change has agreed to a two year extension of the licence to October 2012.The licence extension is in response to the time taken to complete the planning process for the Holmwood-1 exploration well. The operator has also advised that Surrey County Council Planning Department should be in a position to submit their recommendation to the Council Planning Committee in March 2010, and dependent upon a positive outcome to this application, a well could be drilled in late 2010 or early 2011.

The Directors of Egdon Resources plc (AIM:EDR) today provide an update on planned drilling operations on its East Midlands Properties.As previously reported the Dukes Wood-1 well in Nottinghamshire licence PEDL118 was planned to commence prior to year end. However, delays in release of the rig from the previous operator has led to a short delay and the rig will now mobilise to the Dukes Wood well site during the first week of the New Year.In addition, the Company is pleased to announce that it has entered into a second contract with British Drilling and Freezing Limited for the drilling of two further wells at the Kirklington and Keddington oil fields in licences PEDL203 and PEDL005(Remainder) respectively. The Kirklington-3 well will be a sidetrack of the existing Kirklington-2 production well and will target previously un-drained areas of the field. This well will be drilled immediately following completion of operations at Dukes Wood. It is then intended to move the rig to drill the Keddington-3 well which will be drilled as a sidetrack of Keddington-2y, again to access un-drained areas of the field and increase overall production levels.Further announcements will be made as appropriate as this three well drilling programme progresses.

The Directors’ of Egdon Resources plc (AIM:EDR) are pleased to announce that completion of the sale of interests in four onshore UK licences to Terrain Energy Limited (“Terrain”) took place on 8 December 2009.The interests acquired by Terrain are all located in the East Midlands and comprise a 15% interest in PEDL005 (Remainder), and 25% interests in PEDL203, PEDL118 and PEDL206 respectively. Egdon retains a 75% operated interest in all of these licences.The total value of the transaction to Egdon will be £687,500, £450,000 of which has been received with a further £237,500 payable on a staged basis on commencement of specific drilling activity on licences PEDL005(Remainder), PEDL118 and PEDL203.

Company Documentation

At the Egdon Resources plc annual general meeting held on Thursday 3^rd December 2009 the following resolutions were proposed by the Chairman and passed unanimously by shareholders on a show of hands. Proxies were received by the Company from shareholders prior to the meeting as set out against the resolutions.ORDINARY RESOLUTIONSProxies For (of votes cast)Proxies Against (of votes cast)Total proxy votes cast as % of shares in issue1. To receive the Report and Accounts for the year ended 31 July 2009 100.00% nil% 36.32%2. To re-appoint Nexia Smith & Williamson Audit Limited as auditors at a remuneration to be determined by the Directors 100.00%nil% 36.35% 3. To re-elect Mark Abbott 100.00% nil% 36.35% 4. To re-elect Andrew Hindle 99.91% 0.09% 36.35% 5. To grant the directors authority to allot shares on the basis set out in the Notice of AGM 99.99% 0.01% 36.32% SPECIAL RESOLUTIONS 6. To disapply pre-emption rights on the basis set out in the Notice of AGM 99.99% 0.01% 36.35% 7. To amend the articles of association of the Company. 99.99% 0.01% 36.35%

Note to the disclosureAny proxy appointments which gave discretion to the proxy have been included in the “for” total.

The Directors of Egdon Resources plc are please to announce that at the Annual General Meeting held at the offices of Buchanan Communications at 11.30 am on 3 December 2009 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 2010 which is now available on the Company's website www.egdon-resources.com. (see below)View or download AGM Presentation

The Directors of Egdon Resources plc (AIM:EDR), the UK-based exploration and production company primarily focused on the hydrocarbon-producing basins of onshore UK and Europe, are pleased to give an update on the planned drilling operations at Dukes Wood-1 in Nottinghamshire licence PEDL118. The Company has entered into a contract with British Drilling and Freezing Limited (“BDF”) to use the BDF28 drilling rig to complete the drilling of the main section of Dukes Wood-1. The BDF28 drilling rig will mobilise to Dukes Wood-1 on completion of operations for another company which is currently anticipated to be in early December.The Dukes Wood-1 well was drilled and cased to a depth of 47m in November 2008 and will now be re-entered and drilled directionally to a planned measured depth of around 800 metres. The well will test the crest of the Dukes Wood anticline in an area where Egdon have identified potential for un-drained and re-migrated oil. A previous well in this part of the structure was re-entered in 1992 and produced 180 barrels of oil during a short test from the upper interval of the Ashover Grit indicating the presence of recoverable oil. Operations are expected to take around twelve days. The primary target for the well will be the Ashover Grit reservoir interval with secondary reservoir objectives in the Sub-Alton Crawshaw, Loxley Edge Rock and Wingfield Flags all oil bearing on the structure. This is the first well in the evaluation of the rejuvenation potential of the Eakring-Dukes Wood oil field where Egdon have identified low risk opportunities to add production, revenues and reserves.Egdon is the operator of the PEDL118 licence. Egdon has contracted, subject to regulatory and other approvals, to sell a 25% interest to Terrain Energy Limited, and on completion, which is expected shortly, Egdon will hold a 75% interest and Terrain a 25% interest in the licence.Further announcements will be made on commencement of drilling operations and then following results of the well, expected to be known later in December 2009.View or download full release

The Company was notified on 17 November 2009 that, as a result of a disposal of ordinary shares in Egdon Resources ("Ordinary Shares") on 16 November 2009, Hargreave Hale Limited now holds 12,824,871 Ordinary Shares (with an equivalent amount of voting rights) which represents approximately 16.9 per cent. of the issued Ordinary Share voting capital of the Company.8,685,000 of the Ordinary Shares held by Hargreave Hale Ltd. are held for unit trusts operated by Malborough Fund Managers Ltd for whom Hargreave Hale Ltd. manages the portfolio of investments on a discretionary basis.

The Company announces that it has sent to shareholders its report and accounts for the year ended 31 July 2009. The report and accounts are also available to be downloaded from the Company's website at www.egdon-resources.com.

View or download full release

Egdon farms down selected UK onshore interests for a consideration of £687,500Egdon Resources plc (AIM:EDR) is pleased to announce that the Company has reached agreement to sell a package of interests in four onshore UK licences to Terrain Energy Limited ("Terrain"). The interests to be acquired are all located in the East Midlands and comprise of a 15% interest in PEDL005 (Remainder), and 25% interests in PEDL203, PEDL118 and PEDL206 respectively. Following completion Egdon will hold a 75% operated interest in all of these licences.The total value of the transaction to Egdon will be £687,500, with £450,000 payable in cash on completion and a further £237,500 payable on a staged basis on commencement of specific drilling activity on licences PEDL005(Remainder), PEDL118 and PEDL203. From completion, Terrain will also be paying its share of all expenses and receiving its share of all revenues from the licences.PEDL005 (Remainder) contains the producing Keddington oil field and the North Somercotes gas prospect. It is intended to drill a sidetrack of the Keddington 2y well later in 2009 and a planning application is currently being prepared for an exploration well at North Somercotes. PEDL203 contains the producing Kirklington oil field where a sidetrack well is planned to access additional oil reserves and boost daily production rates from the field. PEDL118 contains the Eakring-Dukes Wood oil field which is the subject of a staged rejuvenation project where the Dukes Wood-1 well will complete drilling later in 2009. PEDL206 is a 13th Round exploration licence containing the abandoned Kelham and Caunton oil fields and is under technical evaluation. A drill or drop decision will be made on this licence by 30 June 2011.The transaction is subject to regulatory approval by the Department of Energy and Climate Change and in the case of PEDL005(Remainder) approval by licence partners.Terrain Energy Limited is an exploration and production company set up to develop a portfolio of interests in the oil and gas producing basins of the onshore UK. The investors in Terrain are EIS funds and a Venture Capital Trust under the management or advice of Calculus Capital and the board of Terrain comprises individuals with considerable financial, operational and legal experience in the oil and gas sector.Commenting on the transaction, Mark Abbott, Managing Director of Egdon said;

"We are pleased to welcome Terrain Energy as a partner on these licences. As previously reported Egdon had been looking to farm-out interests in the Eakring-Dukes Wood and Kirklington projects where we held a 100% interest and in the North Somercotes gas prospect where we held a 90% interest. This transaction introduces a partner capable of joining Egdon in developing these projects further and provides Egdon with additional cash resources to undertake its near-term work programme. "

Commenting on the proposed investment, John Glencross, Managing Director of Calculus Capital said;

"We are delighted that Terrain’s first investment brings us into partnership with Egdon Resources. Egdon is an experienced and respected operator in the UK energy market and we look forward to working with them to further develop these fields."

View or download full release

The Directors of Egdon Resources plc are pleased to announce that the Company is in advanced negotiations to acquire a portfolio of UK and French assets from EnCore Oil plc (“EnCore”).The assets to be acquired would comprise of EnCore’s entire interest in 10 onshore UK licences, 2 onshore French licences and an interest in the Ceres gas field on the UKCS.The consideration, which will be satisfied in Egdon Ordinary Shares, will be finalised as part of the contract negotiations and the transaction will be structured so that on completion EnCore’s ownership will not exceed 29.9% of the enlarged share capital.The transaction is subject to final agreement of terms, completion of detailed due diligence, and shareholder and regulatory approval.Egdon and EnCore expect to make further announcements in due course.Commenting on the negotiations, Mark Abbott, Managing Director of Egdon said;

“This proposed transaction would mark a step change for Egdon’s portfolio. The assets significantly strengthen our opportunity base in the UK and France, with the Ceres field providing further near-term production and cash-flow coupled with the increased interest in the Kirkleatham gas field development to a more material 40% level. We also welcome the confidence placed in Egdon’s ability to add value to these assets by the management of EnCore through its shareholding in the Company.”

Commenting on the negotiations, Alan Booth, EnCore’s Chief Executive Officer said:

“We believe that by combining these assets with those of Egdon, we would expose our shareholders to more easily recognisable value in a more material portfolio of similar onshore assets. Egdon, as a committed and well established onshore player would be better placed to develop and add significant value to the enlarged asset base.“We are firmly of the view that it is possible to build a meaningful onshore E&P business, however this will need both scale and management focus. It is our view that this transaction would enable Egdon to accelerate its transition into a significant onshore E&P player.”

For further information please contact:Egdon Resources plcMark Abbott Managing Director01256 702292Buchanan CommunicationsBen Willey, Miranda Higham020 7466 5000Nominated Adviser and Broker – Seymour PierceRichard Redmayne, Jonathan Wright, Sarah Jacobs020 7107 8000

Notes to Authors

The EnCore Assets:The package of assets included in the deal are listed below:Onshore UK LicenceEquity (%)OperatorPEDL068 Cleveland Basin20.0Egdon ResourcesPEDL256 Weald Basin7.5Northern PetroleumPEDL125 Weald Basin10.0Northern PetroleumPEDL126 Weald Basin10.0Northern PetroleumPEDL154 Weald Basin10.0Northern PetroleumPEDL155 Weald Basin10.0NP Weald LimitedPEDL098 Wessex Basin7.5Northern PetroleumPEDL240 Wessex Basin7.5Northern PetroleumPEDL253 Humber60.0 EnCoreOnshore France LicenceEquity (%)OperatorMairy Paris Basin 30.0LundinNimes Rhone Graben100.0 EnCoreUKCS - CeresLicenceEquity (%)OperatorP.1241 Southern North Sea10.0CentricaEgdon Resources plcEgdon Resources plc is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and Europe.Egdon holds interests in twenty three licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.Egdon has production from the Keddington and Kirklington oil fields in the East Midlands and the Avington oil field in Hampshire. Further oil and gas production is anticipated from Waddock Cross and Eakring-Dukes Wood during 2009 with Kirkleatham to follow in 2010.Egdon Resources plc listed on AIM in January 2008, following the demerger of its gas storage business, Portland Gas plc. The pre-demerged business was formed in 1997 and listed on AIM in December 2004.www.egdon-resources.comEnCore Oil plcEnCore Oil plc (LSE:EO.) is an oil and gas exploration and production (E&P) company quoted on AIM.It is not the Company’s aim to build a full cycle E&P company. The principal strategy is to create shareholder value through the successful exploration and appraisal of prospects and discoveries. The Company will seek to monetise or exchange the asset at the appropriate point in its life cycle and return value directly to shareholders wherever possible.EnCore has an experienced and proven management team, a number of whom were responsible for the discovery of the Buzzard field in the UK North Sea, which currently produces over 10 per cent. of the UK’s total oil production.All EnCore’s commercial and material technical evaluations are undertaken in-house by the EnCore team. This brings both continuity to the management and development of the assets and an ownership that is vital to unearth the best and most creative new ideas and opportunities.www.encoreoil.co.ukIn accordance with AIM rules - guidance for mining, oil and gas companies, the information contained in this announcement has been reviewed and signed off by the Managing Director of Egdon Resources plc Mark Abbott, a Geoscientist with over 23 years experience.View or download full release