Independent Gas in Place Estimates

Independent Gas in Place Estimates of some of Egdon’sNorthern England LicencesEgdon Resources plc (AIM:EDR) is pleased to announce a summary of the results of an independent review of the shale-gas potential of some of Egdon’s Northern England licences.ERC Equipoise Ltd ("ERCE"), the independent reservoir evaluation specialists, has completed a review of undiscovered gas initially in place (“GIIP”) in certain of Egdon’s licences where potential for shale-gas exists within the Carboniferous age Bowland-Hodder sequence, as defined by the British Geological Survey in their report of 2013 [i].ERCE has reported net Egdon estimated mean GIIP of approximately 18 trillion cubic feet of gas (“TCF”) with a range of approximately 8 to 31 TCF and a mid-case of 15 TCF in seven of Egdon’s Licences. The ERCE letter will be published on the Egdon website later today.ERCE’s estimates of undiscovered GIIP are subject to exploration risk, which may be considerable. ERCE has not assessed this risk as no Prospective Resources have yet been attributed to these properties by Egdon, and further geoscientific data need to be acquired to be able to quantify these resources. ERCE notes that mining of the overlying coal measures has occurred in a number of the licences, which may affect site access and drilling operations.In the case Prospective Resources are identified within these licences, there is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.Notes to Editors:Egdon Resources plc (LSE: EDR) 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 France.Egdon currently holds interests in twenty seven 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 was formed in 1997 and listed on AIM in December 2004.In accordance with the AIM Rules - Note for Mining and 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 26 years’ experience.Evaluation of undiscovered gas initially in place has been assessed in accordance with 2007 Petroleum Resources Management System prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE) and reviewed and jointly sponsored by the World Petroleum Council (WPC), the American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Evaluation Engineers (SPEE).[i] Andrews, I.J. 2013. The Carboniferous Bowland Shale gas study: geology and resource estimation. British Geological Survey for Department of Energy and Climate Change, London, UK.View or Download ERCE Egdon Shale GIIP Summary Letter