Completion of Farm-out Agreement with Total E&P UK Limited - PEDL139 & PEDL140

Egdon Resources plc (AIM:EDR) is pleased to announce the completion of the Farm-out Agreement with Total E&P UK Limited in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140.As a consequence of the various agreements between the parties, Egdon will receive $600,000 (ca. £365,000) in cash following completion.The interests in PEDL139/140 are:Total E&P UK Limited: 40.0%GP Energy Limited (a subsidiary of Dart Energy Europe Limited): 17.5%Egdon Resources U.K. Limited: 14.5%Island Gas Limited: 14.5%eCORP Oil & Gas UK Limited: 13.5%