Positive Biscathorpe Planning Appeal Decision

Egdon Resources Limited is pleased to advise that the Planning Inspectorate has upheld the appeal against the refusal of planning permission by Lincolnshire County Council for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe-2 well site. The Biscathorpe project is within onshore licence PEDL253.

The PEDL253 joint venture partnership will review the decision notice and associated planning conditions in detail before providing an update on our plans for progressing operations.  As part of this Egdon will look to engage with the local community to ensure our activities have minimal impact on local amenity.

November 6, 2023

Interim Results for six months to 31 July 2023

November 1, 2023

Interim Report for six months ended 31 July 2023

November 1, 2023

Wressle Project Update

Workover operations on the Wressle-1 well to install a downhole jet pump and recomplete the well have been successfully concluded. The workover rig has been demobilised from the Wressle site.

A new surface Triplex pump has been purchased and has been installed and connected. The final stages of the surface facilities upgrades are nearing completion. The re-instatement of production operations at Wressle-1 well is currently expected during the week commencing 23 October 2023.

Egdon hold a 30% economic interest in PEDL180/182.

October 18, 2023

HEYCO Energy Group Acquires UK Exploration & Production Company Egdon Resources

September 28, 2023

Cancellation of Trading on AIM

September 18, 2023

Scheme of Arrangement Becomes Effective

September 15, 2023

Confirmation of Scheme Timetable

September 14, 2023

Rule 2,9 Announcement Correction - Share in Issue

September 13, 2023

Rule 2.9 Announcement - Shares in Issue

September 12, 2023

Court Sanction of Scheme of Arrangement

September 12, 2023

Cloughton Gas in Place Update

September 11, 2023

Farmin and Equalisation of Interests - PL81 and PEDL347

September 7, 2023

Wressle Update -Artificial Lift

Egdon Resources plc (AIM:EDR), the UK Energy Company, announces that operations to install artificial lift on the Wressle-1 well  (in which Egdon has a 30% interest) have commenced.

The operations began with a slickline programme where downhole pressure and temperature gradients were acquired. Slickline operations have now been completed and the ongoing work programme includes recompleting the well for installation of a downhole jet pump and installing the associated surface equipment. It is expected that these operations will last around three weeks and that production from the Wressle-1 well is expected to be reinstated in late September.

The downhole data obtained from these activities is being incorporated into the ongoing work by ERC Equipoise Ltd and the impact of the artificial lift will be included in the independent Competent Person’s Report which will be announced once this additional work is completed.

Commenting Mark Abbott, Managing Director of Egdon, said:

“The installation of a jet pump system has been programmed for some time and was selected following earlier evaluation of all artificial lift options along with our joint venture partners.  Its installation will ensure production from the Wressle-1 well continues to be optimised following the expected onset of water production. I am pleased to confirm that operations to install the system have begun and I will update shareholders in due course.”

August 30, 2023

Satisfaction of NSTA Condition

August 29, 2023

Exercise of farmout option PL081 and agreement relating to PEDL347

August 4, 2023

Wressle Update

Egdon Resources plc (AIM:EDR) the UK Energy Company, provides an update on the Wressle well and expected timing of publication of the Competent Person’s Report currently being undertaken by ERC Equipoise Ltd (“ERCE”).

• Cumulative production from the Wressle-1 well totalled 492,876 barrels of oil through to the end of July 2023

 

• The well continues to produce under natural flow

• Limited volumes of water have been observed, with water cut averaging 3.72% of total field production during July 2023

• The start of water production is significantly later than originally anticipated, providing further evidence that the expected recoverable volumes from the Ashover Grit will be at the higher end of the estimates detailed in the independent Competent Person’s Report (“CPR”) prepared by ERCE and announced on 26 September 2016. The 2016 CPR forecast gross volumes from the Ashover Grit of 2P 0.54 MMstb and 3P 1.12 MMstb.

• The advent of water is now being incorporated into ERCE’s reservoir modelling and resource assessment work streams, which will be reflected in the new Competent Person’s Report

• A more detailed update will be provided when the Competent Person’s Report has been completed

August 3, 2023

Change to Accounting Period

Egdon Resources plc (AIM:EDR) the UK Energy Company, advises that it has extended its current accounting period, which would have ended on 31 July 2023, by five months to end on 31 December 2023. This follows shareholder approval of the terms of a recommended all cash acquisition by Petrichor Partners LP (“Petrichor”) for the entire issued and to be issued ordinary share capital of Egdon and will align Egdon with the accounting period of Petrichor and also minimise ongoing audit costs.

As a result of this extended period, Egdon will publish unaudited interim results for the six-months to 31 July 2023 by 31 October 2023.

Egdon would plan to file its audited accounts for the extended period by 30 June 2024.  However, should Egdon remain a public company beyond 31 December 2023 then it will publish its audited accounts for the extended period by 30 March 2024.

July 31, 2023

Change of Operator PEDL343

July 28, 2023

Form 8.3 - EGDON RESOURCES PLC

July 6, 2023

Form 8.3 - EGDON RESOURCES PLC

July 5, 2023

Interim Report for six months ended 31 July 2023

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November 1, 2023

Interim Results for the Six Months Ended 31 January 2023

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April 21, 2023

2022 Annual Report and Financial Statements

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November 22, 2022

2021 Annual Report and Financial Statements

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July 31, 2021

2020 Annual Report and Financial Statements

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July 31, 2020

2019 Annual Report and Financial Statements

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July 31, 2019

2018 Annual Report and Financial Statements

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July 31, 2018

2017 Annual Report and Financial Statements

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November 11, 2017

2016 Annual Report and Financial Statements

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November 11, 2016

2015 Annual Report and Financial Statements

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November 11, 2015

2014 Annual Report and Financial Statements

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November 11, 2014

2013 Annual Report and Financial Statements

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November 11, 2013

2012 Annual Report and Financial Statements

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July 31, 2012

2023 Interim Results Presentation

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April 30, 2023

Test Video

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May 19, 2025