2017

The Directors of Egdon Resources plc announce the results of the Annual General Meeting held at the offices of Norton Rose Fulbright on 8 December 2016.

Resolutions 1 to 6 were duly passed by shareholders unanimously.

A Poll was called for Resolution 7, being a Special Resolution in respect of the waiver of pre‑emption rights on the issue of a limited number of shares for cash, and was defeated by 109,198,514 (73.18%) to 40,025,137 (26.82%) out of a total number of shares in issue of 258,979,583.

View or download 2016 AGM Voting Results and Proxy Appointments

At the meeting, Managing Director Mark Abbott presented a review of the business. The presentation will be available and can be accessed from the Company's website: www.egdon-resources.com.

View or Download TR1-notification-of-major-interest-in-shares

The Company has been informed of the following recent transactions by Directors:In the Open Offer Philip Stephens, Non-executive Chairman, purchased 12,890 shares; Mark Abbott, Managing Director, purchased 50,563 ordinary shares; Andrew Lodge, non-executive Director purchased 31,250 shares and Kenneth Rafcliff, non-executive Director purchased 9,984 shares; all at the Open Offer price of 13.5p.A trust of which Walter Roberts, non-executive director and company secretary, is a trustee distributed 70,182 shares to each of the two beneficiaries thus reducing his beneficial holding although none of these shares have been sold.Following these transactions and in order to update the percentages following the recent placing and open offer, the holdings of those Directors holding shares in the Company are as set out in the following table.DirectorHolding of Ordinary SharesPercentage of Enlarged Share CapitalPhilip Stephens112,8900.04%Mark Abbott7,864,3873.04%Andrew Lodge531,2500.21%Kenneth Ratcliff169,7430.07%Walter Roberts974,1290.38% Public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. 1Details of the person discharging managerial responsibilities / person closely associateda)NamePhilip Stephens2Reason for notificationa)Position / statusPDMR/Chairmanb)Initial notification/AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEINA4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification code Ordinary Shares of 1 pence each NAb)Nature of the transactionOpen Offer purchase c)Price(s) and volumes(s)PriceVolume13.5 pence12,890d)Aggregated informationAggregated VolumePrice 12,890 13.5 pence e)Date of the transaction29 November 2016f)Place of the transactionLondon Stock Exchange1Details of the person discharging managerial responsibilities / person closely associateda)NameMark Abbott2Reason for notificationa)Position / statusPDMR/Managing Directorb)Initial notification/AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEINA4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification code Ordinary Shares of 1 pence each NAb)Nature of the transactionOpen Offer purchase c)Price(s) and volumes(s)PriceVolume13.5 pence50,563d)Aggregated informationAggregated VolumePrice 50,563 13.5 pence e)Date of the transaction29 November 2016f)Place of the transaction London Stock Exchange1Details of the person discharging managerial responsibilities / person closely associateda)NameAndrew Lodge2Reason for notificationa)Position / statusPDMR/Non-Executive Directorb)Initial notification/AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEINA4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification code Ordinary Shares of 1 pence each NAb)Nature of the transactionOpen Offer purchase c)Price(s) and volumes(s)PriceVolume13.5 pence31,250d)Aggregated informationAggregated VolumePrice 31,250 13.5 pence e)Date of the transaction29 November 2016f)Place of the transactionLondon Stock Exchange1Details of the person discharging managerial responsibilities / person closely associateda)NameKen Ratcliff2Reason for notificationa)Position / statusPDMR/Non-Executive Directorb)Initial notification/AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEINA4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification code Ordinary Shares of 1 pence each NAb)Nature of the transactionOpen Offer purchase c)Price(s) and volumes(s)PriceVolume13.5 pence9,984d)Aggregated informationAggregated VolumePrice 9,984 13.5 pence e)Date of the transaction29 November 2016f)Place of the transactionLondon Stock Exchange

Egdon announces the result of the Open Offer for up to approximately £2.06 million at 13.5 pence per share, further details of which were set out in the Open Offer Circular (the “Circular”) despatched to Shareholders on 8 November 2016.The Open Offer has been 1.3 times oversubscribed and valid acceptances have been received in respect of the entirety of the Open Offer Shares.Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Open Offer Entitlement.Applications under the Excess Entitlements Facility will be scaled back in accordance with the terms of the Open Offer.Application will be made for these 15,234,093 Open Offer Shares, which will rank pari passu in all respects with the Existing Ordinary Shares, to be admitted to trading on the AIM Market of the London Stock Exchange. It is expected that Admission of the Open Offer Shares will occur, and dealings will commence at 8.00 a.m. on 29 November 2016.The Company has, to date, raised total gross proceeds from the Subscription and Open Offer of approximately £5.06 million via the issuance of 37,456,315 Subscription Shares and Open Offer Shares.The participation in the Open Offer by Petrichor Holdings Coöperatief, U.A.⁽¹⁾, a substantial shareholder in the Company, constitutes a related party transaction for the purposes of the AIM Rules. The directors of Egdon, having consulted with the Company's nominated adviser, Cantor Fitzgerald Europe, consider that the terms of the related party transaction are fair and reasonable insofar as the Company’s shareholders are concerned.Following Admission, the Company's enlarged issued share capital will comprise 258,879,583 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 258,879,583. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.Mark Abbott, Managing Director of Egdon, commented:“We are delighted to have received such a positive response from our existing shareholders to the Open Offer which was oversubscribed. Having raised gross proceeds of £5.06 million from the Subscription and Open Offer, Egdon is now well capitalized to deliver on our strategy. Our near term focus will include gaining the final consent for the development of the Wressle oil field, progressing the Company’s 14^th Round licence evaluations and moving the “A” Prospect to drillable status.”All defined terms in this announcement have the meanings given to them in the Circular.Notes:⁽¹⁾ Shares previously held by HEYCO International, Inc. have been transferred to an associate company, Petrichor Holdings Coöperatief, U.A.. Following the Open Offer Petrichor Holdings Coöperatief, U.A will hold, in total, 42,112,229 shares (16.27%) in the Company. HEYCO Energy Group, Inc. is the ultimate parent company of both companies.

Egdon Resources plc (AIM:EDR) is pleased to announce the acquisition of an additional interest in PEDL201 in the Company’s East Midlands core area.Egdon will acquire a 12.5% interest in PEDL201 in the Widmerpool Gulf from Corfe Energy limited for an all share consideration of £50,000. The number of consideration shares will be calculated based on the average closing mid-price for the five days prior to the day of completion.Egdon will have a 45.00% operated interest in PEDL201 following completion of this acquisition which will add a total of 2,471 net acres to Egdon’s licence holdings. The licence is considered by Egdon to hold significant prospectivity for both conventional and unconventional resources. The transaction is subject to Oil and Gas Authority approval.Commenting on the acquisition, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased to increase our operated interest in PEDL201 in the Widmerpool Gulf. This acquisition is consistent with our strategy of enhancing our position in our core areas where we see significant oil and gas potential.”

Egdon Resources plc (AIM:EDR) notes the announcement made today by operator IGas Energy plc (“IGas”) in relation to the decision of Nottinghamshire County Council’s Planning and Licensing Committee in respect of the Springs Road planning application. Egdon holds a 14.5% interest in PEDL140 where the proposed wells are located.The IGas statement reads as follows;“IGas Energy plc (“IGas”), one of the leading producers of hydrocarbons onshore Britain, is pleased to announce that Nottinghamshire County Council’s Planning and Licensing Committee has granted planning consent for the application to develop a hydrocarbon wellsite and drill up to two exploratory wells in Misson Springs, North Nottinghamshire.Stephen Bowler, CEO of IGas commented:“I am pleased that the Committee has made this positive determination following the recommendation by the Planning Officer. It has been a long process and everyone has been extremely thorough.We have engaged with the community at every step of the process. This is important to us given we operate 30 fields across the country and understand how imperative it is to work in co-operation with local residents whilst we work safely and sensitively.We are at a critical juncture in the future of our energy mix and supply, as we move away from coal towards lower carbon energy sources. We rely significantly on gas in the UK, not just for electricity, but also in heating 8 out of 10 homes and as a raw material in the manufacture of many everyday products, including plastics and clothing. We believe the future of the area is as important as its rich history and, with the demise of coal mining in the area, see an important role for shale development in the creation of future jobs and prosperity.At this stage we, as well as other onshore operators around the country, are trying to establish if the significant quantities of gas that we have identified exists in the right formations to be commercially prospective and address the issue of security of supply that we face. We now have the consent to develop a hydrocarbon wellsite and drill up to two exploratory hydrocarbon wells (one vertically and one horizontally) to help us better understand the shale gas potential in North Nottinghamshire.””

View of Download TR-1 Notification

View or Download TR-1 Notification

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Egdon Resources plc or other evaluation of any securities of Egdon Resources plc or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

EGDON RESOURCES PLC

("Egdon" or the "Company")

Posting of Open Offer Circular

Egdon is pleased to announce that, further to its announcement of 1 November 2016, it has today posted a circular (the "Circular") to Qualifying Shareholders regarding an Open Offer of up to approximately £2.06 million.

The Circular is also available on the Company's website at the bottom of this webpage

All capitalised terms in this announcement have the same meanings as those given to them in the Circular, unless the context otherwise requires.

The Open Offer is being made to Qualifying Shareholders on the register as at the Record Date of close of business on 7 November 2016, for up to 15,234,093 Open Offer Shares¹ at 13.5 pence per Open Offer Share (being the same price as the Issue Price for the Subscription, announced on 1 November 2016) on the basis of:

1 Open Offer Share for every 16 Existing Ordinary Shares

As announced on 1 November 2016, the Issue Price represented a discount of approximately 10.0% to the Volume Weighted Average Price of an Existing Ordinary Share in the seven days prior to 1 November 2016.

Qualifying Shareholders are also being given the opportunity, provided that they take up their Open Offer Entitlements in full, to apply for additional Open Offer Shares through an Excess Application Facility.

Full details of the Open Offer, including terms and conditions and details on how to accept the Open Offer, are set out in the Circular posted to Qualifying Shareholders today and available on the Company's website.

¹ The announcement of 1 November 2016 stated that up to 15,227,843 Open Offer Shares would be offered under the Open Offer which was based on the expected issued share capital of the Company on the Record Date being 243,645,490 Ordinary Shares. The actual issued share capital of the Company on the Record Date was 243,745,409, which requires 15,243,093 Open Offer Shares to be offered under the Open Offer for it to be made on a 1 for 16 basis.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

2016

Record Date for entitlement under the Open Offer

Close of business on 7 November

Ex-entitlement date for Open Offer

8 November

Posting of the Circular and, to Qualifying non-CREST Shareholders only, the Application Forms

8 November

Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to stock accounts in CREST of Qualifying CREST Shareholders

8.00 a.m. on 9 November

Latest recommended time and date for requesting withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST

4.30 p.m. on 18 November

Latest time for depositing Open Offer Entitlements and Excess CREST Open Offer Entitlements into CREST

3.00 p.m. on 21 November

Latest time and date for splitting Application Forms (to satisfy bona fide market claims)

3.00 p.m. on 22 November

Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer or settlement of relevant CREST instruction (as appropriate)

11.00 a.m. on 24 November

Expected time and date of announcement of results of the Open Offer

7.00 a.m. on 25 November

Admission effective and dealings in the Open Offer Shares expected to commence on AIM

8.00 a.m. on 29 November

Expected date for crediting of Open Offer Shares in uncertificated form to CREST stock accounts

8.00 a.m. on 29 November

Expected date of despatch of share certificates in respect of Open Offer Shares in certificated form

13 December

Notes:

Each of the dates in the above timetable is subject to change at the absolute discretion of the Company. If any of the details should change, where appropriate, the revised times and/or dates will be notified to Shareholders by means of an announcement through a Regulatory Information Service.

8th-november-2016-edr-open-offer-circular

8th-november-2016-edr-open-offer-application-form

As a result of the exercise of share options by an employee, on 4 November 2016 Egdon Resources plc (AIM:EDR) issued 100,000 new ordinary shares of 1p each. Following this, and following the issue of the subscription shares as notified on 1 November 2016, the Company's issued ordinary share capital will be 243,745,490 ordinary shares.Application has been made to the London Stock Exchange for the 100,000 new ordinary shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence on or around 11 November 2016.The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Egdon Resources plc (AIM:EDR) is pleased to announce the results of an independent assessment prepared by ERC Equipoise Ltd (“ERCE” or “Competent Person”) in relation to certain UK Onshore Licences in which Egdon holds an interest.ERCE has provided an independent assessment of the undiscovered gas initially in place (GIIP) of ten Northern England licences – of which eight were awarded in the recent 14^th Round and two are from the 13^th Round. This assessment has applied the same methodologies used by ERCE in its April 2014 report on seven of Egdon’s licences and ERCE’s May 2014 report on the acquisition of nine of Alkane Energy plc’s licences which was completed in June 2014.ERCE has reported, an estimated Mean undiscovered GIIP of approximately 20 trillion cubic feet (“TCF”) of gas net to Egdon, with a range from approximately 7 to 38 TCF. When added to the 2014 assessment, ERCE’s independent estimates of Mean undiscovered GIIP attributable to Egdon increases to approximately 48 TCF with a range of approximately 18 to 86 TCF.ERCE’s letter to Egdon’s Board of Directors summarising the findings of the assessment has been published on the Company’s website.View or Download ERCE letterERCE’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 ERCE, and further geoscientific and engineering 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 where 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.Commenting on the report, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased that this latest ERCE report has confirmed the significant potential gas resource that may exist within certain of our licences, with a 71% increase in net Egdon estimated Mean undiscovered GIIP to 48TCF.”

Egdon is pleased to announce the following developments:

• Subscription agreed to raise approximately £3m (gross), by the issue of 22,222,222 Ordinary Shares at 13.5p per share to HEYCO International, Inc. (“HEYCO International”), with shares expected to be admitted to trading on AIM on 11 November 2016.
• HEYCO International is an existing shareholder of Egdon and is a wholly owned subsidiary of HEYCO Energy Group, Inc., a company with significant experience in unconventional exploration and production. Open Offer to be made as soon as practicable to all Qualifying Shareholders to raise up to a further £2.06m (gross) by the issue of up to 15,227,843 shares at 13.5p per share.

Mark Abbott, Managing Director of Egdon, commented: “We are delighted to have strengthened our balance sheet by securing this strategic funding from HEYCO International, an existing shareholder with extensive knowledge and experience of exploration and production of unconventional hydrocarbons. We are pleased that George Yates, the highly respected President of HEYCO International, has provided such positive support for our business model.” DETAILED INFORMATIONEgdon is pleased to announce a Subscription to raise gross proceeds of approximately £3m (the “Subscription”) and a proposed Open Offer of up to £2.06m (the “Open Offer”), (together the “Fundraising”).The Subscription has been undertaken with an existing shareholder, HEYCO International.It is the Board’s intention that the net proceeds of the Subscription (being approximately £2.85m, after costs of approximately £0.15m) and any funds raised from the Open Offer, together with existing cash balances and net revenue received will be used to:

• Progress the development of the Wressle oil field (subject to receipt of the necessary consents)
• Progress the Company’s 14^th Round licence evaluations
• Progress the “A” prospect to drillable status
• Make targeted investments in the Company’s existing producing assets and conventional exploration portfolio with a view to increasing production and cash flow
• Review and target potential new value adding opportunities

The Directors have given consideration as to the best way to structure the proposed equity fundraising, taking into account current market conditions, the composition of the Company’s shareholder register and the Board’s desire to give shareholders the opportunity to limit dilution where practicable.The Directors have concluded that the structure of the fundraising by way of the Subscription and Open Offer is the most suitable option available to the Company and its shareholders as a whole. The Open Offer will provide an opportunity for all Qualifying Shareholders to participate in the fundraising by acquiring Open Offer Shares pro rata to their current holdings of Existing Ordinary Shares with the option to apply to subscribe for more Open Offer Shares pursuant to an excess application facility (the “Excess Application Facility”). The Subscription is not conditional upon the Open Offer taking place. Further details of the Open Offer are set out below and will be in the Open Offer Circular, which will be sent to shareholders as soon as practicable.VSA Capital Limited (“VSA”) is acting as Financial Adviser and Joint Broker to the Company in connection with the Subscription and Open Offer and Cantor Fitzgerald Europe Limited (“Cantor Fitzgerald”) is acting as Nominated Adviser and Joint Broker.The SubscriptionThe Company has entered into an agreement with HEYCO International to issue 22,222,222 new Ordinary Shares at an issue price of 13.5p per Ordinary Share (the “Subscription Price”), by means of a Subscription. The Subscription Price represents a discount of approximately 10.0% to the Volume Weighted Average Price of an Existing Ordinary Share in the seven days prior to today.It is expected that Admission of the Subscription Shares will become effective and that dealings will commence in the Subscription Shares at 8.00 a.m. on 11 November 2016.The Open OfferIn order to provide Qualifying Shareholders with an opportunity to participate in the Fundraising, the Company is proposing to launch a 1 for 16 Open Offer of up to 15,227,843 Open Offer Shares at an issue price of 13.5p per Ordinary share, being the same price as the Subscription Price.The timing for the Open Offer will be notified in due course and will be set out in the Open Offer Circular to all shareholders, which will be sent to Qualifying Shareholders as soon as practicable and will be available on the Company’s website www.egdon-resources.com from the date this is issued.In the event that the Open Offer is not fully subscribed by Qualifying Shareholders, VSA and Cantor Fitzgerald will have the ability to place any remaining shares with other investors.The Open Offer Shares and the Subscription Shares will, upon issue, rank pari passu with the Company’s Existing Ordinary Shares.Following the issue of the Subscription Shares the enlarged ordinary share capital of the Company will be 243,645,490 Ordinary Shares. Following the issue of the Open Offer Shares (assuming full take-up under the Open Offer including the Excess Application Facility), the enlarged ordinary share capital of the Company will be 258,873,333 Ordinary Shares.HEYCO International is currently interested in 9,388,346 Ordinary Shares representing approximately 4.24% of the existing issued share capital of the Company. HEYCO International has agreed to subscribe for 22,222,222 Subscription Shares and therefore, following the Subscription, HEYCO International will be interested in 31,610,568 Ordinary Shares, representing approximately 12.97% of the Company’s issued share capital as enlarged by the Subscription.

Egdon Resources plc (AIM: EDR), a UK-based exploration and production company primarily focused on the hydrocarbon-producing basins of onshore UK, today announces its audited results for the year ended 31 July 2016.Overview and Highlights Operational and Corporate Highlights

• Production up 2% to 64,604 barrels of oil equivalent (“boe”) equating to 177 barrels of oil equivalent per day (“boepd”) and in line with guidance (2015: 63,149 boe; 173 boepd)
• Decision to proceed with Wressle field development with anticipated first production of 125 bopd net to Egdon in early 2017, subject to receipt of all required consents
• Successful in the 14^th Onshore Licensing Round with the award of nine new licences within Egdon’s core focus areas increasing our net unconventional resources acreage by 43% to 200,000 acres
• Submission of Springs Road planning application in PEDL139/140 by operator IGas. Egdon is carried on up to two wells by Total and a planning decision is now expected during November
• Positive Holmwood planning decision received (PEDL143), operator Europa making preparations to drill the prospect located immediately to the west of and analogous to the Horse Hill oil discovery. Egdon is carried on the initial well by UK Oil and Gas Investments plc
• Farm-outs concluded for PEDL005R (Keddington), PEDL209 (Laughton) and PEDL182 (Broughton North Prospect)
• Completed drilling of sidetrack development well at Keddington-5 and exploration well at Laughton-1 (dry hole) fulfilling earn-in obligation to PEDL209

Financial Highlights

• Oil and gas revenues during the period of £1.59 million (2015: £2.07 million)
• Loss for the period of £2.69 million for the year ended 31 July 2016 after net write downs and impairments of £0.72 million (2015: loss of £4.47 million after net write downs and impairments of £3.62 million)
• Basic loss per share of 1.21p (31 July 2015: basic loss per share of 2.02p)
• Cash at bank £2.68 million as at 31 July 2016 (31 July 2015: £5.18 million)
• Net current assets as at 31 July 2016 of £4.18 million (31 July 2015 : £7.18 million)
• Net assets as at 31 July 2016 of £29.43 million (31 July 2015: £32.05 million)

Post Balance Sheet Events

• Completed the acquisition of a further 20% in PEDL068 in the Cleveland Basin
• Completed the acquisition of additional interests in two new 14^th Round licences, (PEDL306 and PEDL334) in the Company’s core East Midlands area
• Independent assessment reported an addition of mean undiscovered Gas Initially in Place (“GIIP”) of 20 Trillion Cubic Feet (“TCF”) to the Company’s previously assessed resource base primarily as a result of success in 14^th Licensing Round, resulting in 71% increase to a new total mean undiscovered GIIP of 48TCF

Commenting on the results, Philip Stephens, Chairman of Egdon said;“Although the past year has been particularly challenging for the energy sector, I am pleased to report that during the year we have continued to expand our areas of interest in terms of both conventional and unconventional resources assets whilst carefully and successfully managing both our cash resources and our exposure to exploration risk. We remain debt-free and on course to achieve our strategic objectives. I am particularly pleased to note the UK Government’s support for the important role that shale-gas could play in the UK’s future energy mix and feel confident in the quality of our portfolio of assets and our ability to achieve our objectives for the benefit of shareholders.”View or download 2016-11-01Egdon Preliminary Results

Egdon Resources plc (AIM:EDR) is pleased to announce the acquisition of additional interests in two 14^th Round licences in the Company’s East Midlands core area.Egdon will materially increase its interests in two of its recently announced Egdon operated 14^th Round awards, PEDL334 and PEDL306 via an assignment of interests from Celtique Energie Petroleum Limited (“Celtique”) at no cost. These transactions will add a total of 14,428 net acres (58 km²) to Egdon’s licence holdings.East Midlands - Humber Basin

• Egdon and Petrichor Energy UK Limited (“Petrichor”) have agreed to jointly take over Celtique’s interest in PEDL334. As a result, the new equity in the licence will be Egdon 60% (from 37.5%), and Petrichor 40% (from 25%).

East Midlands - Widmerpool Basin

• Egdon and Petrichor have agreed to jointly take over Celtique’s interest in PEDL306. As a result, the new interests in the licence will be Egdon 30% (from 18.75%), Petrichor 20% (from 12.5%), Hutton Energy Limited 25%, Coronation (Oil and Gas) Limited 25%.

The transactions are subject to Oil and Gas Authority approval.Commenting on the acquisitions, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased to build on our interests in two recently awarded highly prospective14^th Round blocks. These zero cost acquisitions are consistent with our strategy of enhancing our position in our core areas where we see significant oil and gas potential.”

Egdon Resources plc (AIM:EDR) announces that its Preliminary Results for the year ended 31 July 2016 will be announced on Tuesday, 1 November 2016.An analyst meeting will be held at 9.30am on 1 November 2016 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.

View or Download TR1 - Notification of Major Interest in Shares

Egdon Resources plc (AIM:EDR) notes the announcement made after market close yesterday by operator IGas Energy plc (“IGas”) in relation to the decision of Nottinghamshire County Council’s Planning and Licensing Committee in respect of the Springs Road planning application. Egdon holds a 14.5% interest in PEDL140 where the proposed wells are located.The IGas statement reads as follows;“IGas Energy plc ("IGas"), one of the leading producers of hydrocarbons onshore Britain, notes that Nottinghamshire County Council has deferred its decision on the IGas planning application for exploration at Springs Road in order to consider a late legal representation. The meeting is now expected to reconvene on 15 November 2016.”

Egdon Resources plc (AIM:EDR) is pleased to confirm that the Oil & Gas Authority has formally issued the Company with nine new Petroleum Exploration and Development Licences (“PEDLs”) arising from the UK 14th Onshore Oil and Gas Licensing Round as previously advised. The new licences, covering a total of 18 UK National Grid blocks and part blocks with a total area of approximately 1,141 square kilometres (281,979 acres), were originally offered in two tranches in 2015.The licences are located in the East Midlands Petroleum Province and the Cleveland Basin as detailed below and expand the Company’s acreage and opportunity base within these two core areas providing a mix of new conventional and unconventional resource opportunities.East Midlands - Gainsborough Trough PEDL273 (SE31c, SE41e) Egdon 15%,IGas 35% and operator) and Total 50%.PEDL305 (SK49, SK59b) Egdon 15%, IGas 35% (operator) and Total 50%.PEDL316 (SK89e, SK88b, SK87c) Egdon 15%, IGas 35% (operator) and Total 50%.East Midlands - Humber BasinPEDL334 (TA30, TF39b) Egdon 37.5% (operator), Celtique Energie Petroleum Limited 37.5% and Petrichor Energy UK Limited 25%.PEDL339 (TF38c) Egdon 75% (operator), Terrain Energy Ltd 15% and Nautical Petroleum Ltd 10%. Adjoins PEDL005(R) and contains a portion of the Louth prospect. As part of the farm-out announced in July 2015 Egdon will transfer a 10% interest in this licence to Union Jack Oil plc subject to OGA consent.East Midlands - Widmerpool BasinPEDL306 (SK52a, SK53) Egdon 18.75% (operator), Hutton Energy Limited 25%, Coronation (Oil and Gas) Limited 25%, Celtique Energie Petroleum Limited 18.75% and Petrichor Energy UK Limited 12.5%.Cleveland Basin PEDL259 (NZ51, NZ52b, NZ52c) Egdon 49.99% and Third Energy Onshore Limited 50.01% (operator). This licence surrounds part of PEDL068 in Teeside, which contains the Kirkleatham conventional gas field,and was originally offered to a consortium including Celtique Energie Petroleum Limited who withdrew from the application prior to award.PEDL343 (SE99a, TA09) Egdon 17.5%, Third Energy UK Gas Limited 20.0% (operator), Europa Oil & Gas Limited 22.5%, Shale Petroleum (UK) Limited 22.5%, Petrichor Energy UK Limited 12.5% and Arenite Petroleum Limited 5.0%. This licence contains the Cloughton tight gas discovery (Bow Valley, 1986) around 10km north of Scarborough, also covers part of the site from which Egdon may submit plans to drill a well to test the offshore “A Prospect conventional gas discovery (Total, 1966).PEDL258 (NZ90) Egdon 100% (operator). This licence adjoins SE99a in PEDL343 above and covers the remaining part of the “A” Prospect well site.Commenting on the issue of these14^th Round licences, Mark Abbott, Managing Director of Egdon Resources plc, said:“We are pleased to be formally issued with these new licences that were initially offered to the Company in August and December 2015. The award of the licences strengthens Egdon's position in two of our core areas, the East Midlands and Cleveland Basins, and we can now look forward to progressing with the detailed evaluation of the blocks."

Egdon Resources plc (AIM:EDR) is pleased to announce the results of a Competent Person’s Report (“CPR”) prepared by ERC Equipoise Ltd (“ERCE” or “Competent Person”) in relation to UK Onshore (Lincolnshire) licences PEDL180 and PEDL182 in both of which Egdon is operator and holds a 25.00% interest. ERCE has made independent estimates of Reserves and Contingent and Prospective oil and gas Resources that can be ascribed to the 2014 Wressle-1 discovery and the Broughton North Prospect within the licences.ERCE’s letter to Egdon’s Board of Directors summarising the findings of the CPR has been published on the Company’s website (www.egdon-resources.com).Highlights:Wressle

• Gross Mean Discovered Stock Tank Oil Initially In Place (“STOOIP”) of 14.18 million stock tank barrels in aggregate across three reservoir sands (Ashover Grit, Wingfield Flags and Penistone Flags) of which 2.15 million stock tank barrels is classified as discovered (2P+2C).
• Gross 2P oil Reserves (Justified For Development) of 0.62 million stock tank barrels in aggregate identified across two reservoir sands, the Ashover Grit and Wingfield Flags, that form the basis for the initial Field Development Plan that has been submitted to the Oil and Gas Authority (“OGA”) and for which a planning application is currently being considered by North Lincolnshire Council.
• Gross 2P gas Reserves (Justified For Development) of 0.2 billion standard cubic feet will be monetised using on-site power generation with excess power sold into the National Grid.
• Substantial Contingent Resources have also been confirmed in the Penistone Flags reservoir with gross 2C Contingent Resources of 1.53 million stock tank barrels of oil and 2.0 billion standard cubic feet of gas.
• Plans to produce from the Penistone Flags reservoir are expected to be progressed following commencement of production from the Ashover Grit and will include monetisation of the produced gas by pipeline export or electricity generation and export.

Broughton North Prospect

• The Broughton North Prospect is in a fault block immediately to the north-west of the Wressle structure and ERCE has attributed a high Geological Chance of Success of 40% to 49% to the prospect.
• Gross Mean Stock Tank Oil Initially In Place (“STOOIP”) for the Broughton North Prospect is 3.43 million stock tank barrels in aggregate across two reservoir sands (Ashover Grit and Penistone Flags) with Mean Prospective Resources of 0.51 million stock tank barrels of oil plus 0.51 billion standard cubic feet of gas.

The Gross numbers mentioned above are summarised with the net Egdon interests in the following table Gross Volumes Net Volumes attributable to Egdon Oil MMstbGas bcfOil Equiv MMboeOil MMstbGas bcfOil Equiv MMboe2P Ashover Grit and Wingfield Flags0.620.200.650.150.050.162C Penistone Flags1.532.001.860.380.500.47Broughton North Mean Unrisked Prospective Resources 0.510.510.600.130.130.15The interests held in both PEDL180 and PEDL182 are:Egdon Resources U.K. Limited (Operator) 25.00%Celtique Energie Petroleum Limited 33.33%Europa Oil & Gas Limited 33.34%Union Jack Oil plc 8.33% Commenting on the CPR, Mark Abbott, Managing Director of Egdon Resources plc, said:“The CPR has independently confirmed the commercial viability of the Wressle field development with overall oil and gas Reserves and Contingent Resources exceeding our original pre-drill estimates. Subject to receipt of Planning and Permit approvals, we now expect first production from the Ashover Grit at Wressle-1 well at rates of 500 barrels of oil per day (125 bopd net to Egdon) in early 2017, adding material revenue and cash flow for Egdon.The CPR also highlights the significant Contingent oil and gas resource in the Penistone Flags and the low risk Broughton North prospect that has been identified as a near-term drilling candidate within Egdon’s asset portfolio.”View or download ERCE Wressle CPR summary letter

As a result of the exercise of share options by an employee, Egdon Resources plc (AIM:EDR) has today issued 77,457 New Ordinary Shares of 1p each. Following this the Company’s issued ordinary share capital will be 221,423,268 ordinary shares.Application has been made for the New Ordinary Shares to the London Stock Exchange, which rank pari passu with the Company’s existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence on or around 2 September 2016.The above figure of 221,423,268 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company, under the FCA’s Disclosure and Transparency Rules.

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement to acquire an additional 20% interest in Petroleum Exploration and Production Licence PEDL068 from DESS Energy Limited (“DESS”) bringing our total interest to 68%. Egdon is operator of PEDL068 which is located in the Cleveland Basin of North Yorkshire. This transaction follows DESS’ acquisition of Sterling Resources (UK) Limited’s 47% interest in the licence.As consideration for this acquisition, Egdon will bear DESS’s retained 20% share of ongoing expenditure for the next six months and in addition will accept liability for DESS’s 20% share of the existing abandonment liability for the Kirkleatham site and Kirkleatham-1 well, but not for any future works. Egdon estimate that this transaction will add approximately 1.75 bcf of Best Estimate Contingent and Prospective Conventional Resources to its portfolio.Under a separate transaction, DESS has also sold a 5% interest to existing PEDL068 partner Montrose Industries Limited.The acquisition is subject to approval by the Oil and Gas Authority (“OGA”). On completion of these transactions the interests in PEDL068 will be as follows:Egdon Resources U.K. Limited 60.00%DESS Energy Limited 22.00%Yorkshire Exploration Limited* 8.00%Montrose Industries Limited 10.00%*wholly owned subsidiary of Egdon ResourcesLicence PEDL068, is located in the Cleveland Basin of North Yorkshire and contains the Kirkleatham gas field, which is shut-in pending the potential drilling of a side-track well to target an un-drained portion of the field up-dip from the existing producer well. Planning consent has recently been extended for Kirkleatham and allows for drilling and production from a further two wells at the site. The licence also contains the Westerdale/Ralph Cross gas discovery where planning consent is in place for an appraisal well. Exploration in PEDL068 to date has concentrated on Permian age limestone gas plays but the licence also contains prospectivity in deeper Carboniferous age sandstones.Commenting on the acquisition, Mark Abbott, Managing Director of Egdon said:““This acquisition builds on our existing interest in PEDL068, adding additional resource potential to the Company at low cost and complements our pending award of surrounding licence PEDL259 in the 14th Onshore Licensing Round in what was a highly sought after region.”

View or Download TR1 - Notification of Major Interest in Shares

View or Download Notification of Major Interest in Shares

Egdon Resources plc (AIM:EDR) is pleased to advise that the Oil and Gas Authority (“OGA”) has approved various licence extensions and conversions of licences to new model terms, and the relinquishment of one Egdon operated licence.The OGA has offered holders of existing UK Onshore licences the opportunity to adopt 14^th Round licence terms which allow licensees to nominate areas to be retained in exchange for additional work programmes. Egdon has elected to follow this path on four operated licences and one further non-operated licence where the partnership has also decided to accept the new licensing terms.Cleveland Basin

• The first term of licence P1929 (Egdon 100%) covering UKCS Blocks 41/18 + 41/19 and containing the “A Prospect” has been extended by two years to 19 April 2019 to allow time for Egdon to secure the required permits and to plan and drill a well from an onshore location to appraise this 1966 gas discovery. It has not been possible to complete this process without an onshore licence over the drill-site although this will be addressed by the award of new 14^th Round licences to Egdon, and we currently expect to finalise and submit a planning application to drill when these new licences are confirmed.

East Midlands

• The first six year term for PEDL241 (Egdon 80%) containing the drill-ready North Kelsey oil prospect has been extended by one further year to 30 June 2017. (Egdon Resources UK Limited 80% and Union Jack Oil plc 20%)
• The first term for PEDL253 containing the drill-ready Biscathorpe oil prospect has been extended by one further year to 30 June 2017. (Egdon Resources UK Limited 52.8%, Montrose Industries Limited 35.2% and Union Jack Oil plc 12%)
• PEDL201 has adopted the new 14^th Round licence terms and will continue without further relinquishment. (Egdon Resources UK Limited 32.5%, Celtique Energie Petroleum Ltd 32.5%, Corfe Energy Limited 12.5%, Terrain Energy Limited 12.5% and Union Jack Oil plc 10%)
• PEDL202 has adopted the new 14^th Round licence terms and will continue without further relinquishment. (Egdon Resources UK Limited 100%)
• PEDL209 has adopted the new 14^th Round licence terms and will continue without further relinquishment. (Egdon Resources UK Limited 50%, Blackland Park Exploration Limited 28%, Stelinmatvic Industries Limited 12% and Union Jack Oil plc 10%)

NW England

• PEDL191 has adopted the new 14^th Round licence terms and will continue without further relinquishment. (Egdon Resources UK Limited 100%)

RelinquishmentPEDL237 in the Wessex basin has been relinquished as the partners concluded that the bulk of the prospectivity in the area lay in PL090 surrounding Waddock Cross and that resources should be concentrated on that asset.Non-operated licence changesWe note operator Europa Oil & Gas plc’s announcement that PEDL181 (Egdon Resources UK Limited 25%) in the Humber Basin will continue into its second term following the completion of first term work commitments and partial relinquishment.IGas operated PEDL169 has adopted new 14^th Round terms and will continue without further relinquishment. (IGas 80%, Egdon Resources UK Limited 20%)Commenting on the changes, Mark Abbott, Managing Director of Egdon Resources plc, said:“Following on from the recently announced extension of the Europa operated licence PEDL143 containing the Holmwood prospect, we are pleased to have also been allowed additional time to drill our exciting operated onshore oil prospects at North Kelsey and Biscathorpe, and the offshore “A Prospect” which Egdon estimates may contain recoverable reserves of approximately 160 billion cubic feet of gasIn addition we are pleased to have been able to adopt the new 14^th Round terms for several of our existing licences which will allow us to further evaluate the unconventional resource potential of the retained areasThe relinquishment of PEDL237 isin line with Egdon’s strategy to focus on fewer, high potential areas ”

Egdon Resources plc (AIM:EDR) notes the release made this morning by Europa Oil and Gas (Holdings) plc (“Europa”) in respect of PEDL143 where Egdon holds an 18.4% interest. Europa included the following statements;

Europa “is pleased to announce it has received notification from the Oil & Gas Authority that the PEDL 143 Licence in the Weald Basin, Surrey, UK, has been extended by two years until 1 October 2018. This will enable Europa to drill the conventional Holmwood prospect (‘Holmwood’), which has estimated gross mean unrisked prospective resources of 5.6 million barrels of oil (‘mmbo’) in Portlandian and Corallian sandstones and a P90 – P10 range of resources of 1 to 11mmbo, in late 2016 / H1 2017, subject to funding.

PEDL143 is located in an area of the Weald Basin where 30 million barrels have been produced to date from 14 oil and gas fields. The Holmwood prospect is located 5km to the south of the Brockham oil field, which was discovered by BP in 1987 and today produces oil from Portlandian sandstone reservoirs. Holmwood is also 12km to the west of the Horse Hill-1 well in PEDL137 where UK Oil & Gas Investments PLC (‘UKOG’) has reported production at a combined average stable rate of over 1,688 bopd from Upper and Lower Kimmeridge Limestone reservoirs and Upper Portland sandstone reservoir during flow tests.

Planning permission is in place for a deviated exploration well to be drilled at Holmwood which will penetrate similar stratigraphy to Horse Hill, targeting oil in Upper and Lower Kimmeridge Limestones in addition to Corallian and Portlandian sandstones. The 5.6mmbo gross mean unrisked prospective resources at Holmwood do not include any estimate for the Jurassic limestones which have been found to be producing in Horse Hill.“

During 2015 Egdon completed a farmout to UKOG in respect of the Holmwood-1 well whereby UKOG will pay 40% of the well cost to earn a 20% interest from Egdon up to a cap of £1.2 million net to UKOG.

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement in respect of a farm-out of an interest in PEDL182 to Union Jack Oil PLC (“Union Jack”, AIM: UJO).Licence PEDL182 is located in Lincolnshire to the immediate north of PEDL180. In May 2013, Union Jack farmed into the Wressle-1 exploration well and earned an 8.33% interest in PEDL180 and that part of the Wressle-1 discovery determined to extend into PEDL182. Under the terms of this new farm-out, Union Jack will earn an 8.33% interest in the remainder of PEDL182 beyond Wressle in return for paying 12.495% of the cost of a future exploration well to evaluate the Broughton North prospect together with associated back costs of £64,000.Upon completion and subject to approval from the Oil and Gas Authority, the interests held in each of PEDL180 and PEDL182 will be aligned and will be:Egdon Resources U.K. Limited 25.00% (Operator)Celtique Energie Petroleum Ltd. 33.33%Europa Oil & Gas Limited 33.34%Union Jack Oil PLC 8.33%Commenting on the transaction, Mark Abbott, Managing Director of Egdon said:“We are pleased to welcome Union Jack as a partner once again following on from their participation in the Wressle discovery, the drilling of the Keddington-5 side-track and the Laughton-1 exploration well in 2016, and the planned Biscathorpe and North Kelsey exploration wells in PEDL253 and PEDL241 respectively.This farm-out helps to optimise the balance of risk and reward for the Company in exploration of the remainder of PEDL182 where geological risks have been greatly reduced following the Wressle discovery in 2014. We believe that aligning the interests of the parties over the entirety of both PEDL180 and PEDL182 will facilitate the development of the Wressle Field and further exploration.”

Egdon Resources plc (AIM:EDR), the UK-based exploration and production company with a primary focus on the hydrocarbon-producing basins of the onshore UK, announces its unaudited interim results for the six months ended 31 January 2016.Overview and HighlightsOperational and Corporate Highlights

• Successful in the 14^th Onshore Licensing Round with the award of nine new licences within Egdon’s core focus areas increasing our acreage by 50% to 211,000 acres
• Decision to proceed with Wressle field development - currently finalising all consent submissions, with anticipated first production later in 2016, subject to receipt of all required consents
• Submission of Springs Road planning application in PEDL139/140 (Egdon 14.5% interest) by operator IGas. Egdon is carried on these initial wells by Total
• Production up 38% to 37,543 barrels of oil equivalent (“boe”) equating to 204 barrels of oil equivalent per day (“boepd”) (H1 2015: 27,232 boe; 148 boepd)
• Positive Holmwood planning decision received (PEDL143), operator Europa making preparations to drill the prospect located immediately to the west of and analogous to the Horse Hill oil discovery
• Farmouts concluded for PEDL005R (Keddington) and PEDL209 (Laughton)

Financial Performance

• Gross oil and gas revenues during the period up 15% to £1.05 million (H1 2015: £0.91 million) despite the significant fall in commodity prices
• Loss for the period of £2.00 million after accounting for impairments at Waddock Cross and the revaluation of the Ceres accrued income (H1 2015: Loss for the period of £1.74 million including losses on disposals/farm-outs and impairments in relation to Waddock Cross, Burton on the Wolds and Kiln Lane)
• The Company has no debt (H1 2015: Nil)
• Net current assets as at 31 January 2016 of £6.06 million (H1 2015: £9.15 million) including cash at bank of £5.26 million (H1 2015: £6.51 million)

Post Balance Sheet Events

• Completed drilling of sidetrack development well at Keddington-5
• Completed drilling of exploration well at Laughton-1 (dry hole) fulfilling earn-in obligation to PEDL209

Commenting on the results, Philip Stephens, Chairman of Egdon said:“Following the 14th Round awards, we have increased our unconventional resources acreage portfolio significantly. Looking forward in 2016,the development of our successful Wressle discovery should materially increase our overall production and we are hopeful that full planning permission will be granted at Springs Road to enable shale gas exploration in the Gainsborough Trough area to begin. Our financial position continuesto be comfortable and we remain optimistic for the future.The coming period will see some other key planning outcomes for the industry with decisions on Cuadrilla’s activities in Lancashire and Third Energy’s in North Yorkshire. On the back of the 14th Round awards, we anticipate the announcement of further exploration activity later in 2016, underlining continued interest in the UK’s unconventional resource prospectivity.View or Download 2016 Interim Results Press Release

Egdon Resources plc (AIM:EDR) announces that its Interim Results for the six months ended 31 January 2016 will be released on Tuesday, 26 April 2016.An analyst briefing will be held at 9.30am on 26 April 2016 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.

Egdon Resources plc (AIM:EDR) announces the completion of drilling operations at the Laughton-1 conventional exploration well in UK Onshore Licence PEDL209 located in Lincolnshire.The Laughton-1 well was spudded on 12 February and has reached a total depth of 1,700m in line with the pre-drill prognosis. During drilling, the well recorded hydrocarbon shows from a number of potential reservoir sequences including the Kilburn Sandstone, Chatsworth Grit, Ashover Grit and Kinderscout Grit. The Silkstone Rock primary objective was poorly developed in the well. Analysis of the wireline log data indicates that the hydrocarbon saturations associated with the shows are not sufficiently encouraging to warrant testing.The well is currently being plugged before the drilling rig is released from contract and in due course the wellsite will be fully restored to its original condition as agricultural land.Following the drilling of Laughton-1 the licence interests in the Laughton Prospect and the two other conventional prospects in PEDL209 areEgdon Resources U.K. Limited 50%Blackland Park Exploration Limited 28%Stelinmatvic Industries Limited 12%Union Jack Oil plc 10%Commenting on the results at Laughton-1, Mark Abbott, Managing Director of Egdon said:“The drilling of the Laughton-1 conventional exploration well fulfils Egdon’s farm-in obligation and so earns our 50% operated interest in PEDL209. The well was drilled within budget and without incident. This completes the work commitment for the licence’s first term and allows it to proceed into its second term during which the remaining conventional and unconventional hydrocarbon potential will be further evaluated.”PEDL209In January 2016 Egdon announced that Union Jack will earn a 10% interest in the Laughton-1 exploration well and two other conventional prospects in PEDL209, in return for paying 16.67% of the cost of the well.In January 2014 a Farm-in Option Agreement was reached with Total in respect of PEDL209, whereby Total has an option, to earn a 50% interest in the licence by paying for an exploration programme of £13.47 million. Egdon received a cash payment of £0.92 million and retained the exploration rights at Laughton and two other prospects, all of which are purely conventional and are excluded from the option.Following exercise of the option the licence interests in the unconventional resources would be:Egdon Resources U.K. Limited30%Total E&P UK Limited50%Blackland Park Exploration Limited14%Stelinmatvic Industries Limited6%

Egdon Resources plc (AIM:EDR) is pleased to announce the commencement of drilling operations at the Laughton-1 exploration well in UK Onshore Licence PEDL209 located in Lincolnshire.The Laughton-1 well was spudded 12 February. The well will target a structural trap at a depth of over 1,500 metres defined on reprocessed two-dimensional seismic data. The Laughton Prospect has multiple conventional Carboniferous sandstone reservoir targets with the primary objective being the Silkstone Rock, an approximately 15 metre thick sandstone interval which is productive in the analogous Corringham Oil Field located five kilometres to the south-east. Two other potential reservoirs, the Kilburn Sandstone and the Wingfield Flags, will also be targeted by the well. The consolidated mean Prospective Resource volume for the three targets, is estimated by Egdon to be 1.3 million barrels of oil.For clarity, the operations at the Laughton wellsite will not, either now or in the future, involve the process of High Volume Hydraulic Fracturing for shale gas.In January 2016 Egdon announced that Union Jack will earn a 10% interest in the Laughton-1 exploration well and two other conventional prospects in PEDL209, in return for paying 16.67% of the cost of the well. On completion of this transaction, the licence interests in the Laughton Prospect and the two other conventional prospects in PEDL209 will be:Egdon Resources U.K. Limited50%Blackland Park Exploration Limited28%Stelinmatvic Industries Limited12%Union Jack Oil plc10%Commenting on the start of drilling operations at Laughton-1, Mark Abbott, Managing Director of Egdon said:“We are pleased to report the start of drilling at Laughton-1 and we look forward to updating shareholders with the preliminary results from the well in around one months’ time. Onshore oil and gas projects remain commercially attractive even during a period of reduced commodity prices. Egdon’s conventional exploration drilling programme remains a key part of our strategy, with successful exploration capable of delivering near-term additions to our production and revenue stream. ”

Egdon Resources plc (AIM:EDR) is pleased to provide an operational update on the Keddington-5 (KD5) development well. KD5 was spudded on the 20 January 2016 and on 1 February 2016 reached total depth (TD) of 2,433 metres measured depth, (2,201 metres true vertical depth below Ordnance Survey Datum).During the course of drilling, elevated gas readings – indicative of the presence of hydrocarbons were recorded from a gross interval of 141 metres, containing 62 metres of net sand.KD5 development well has been suspended with a completion string that will enable production flow testing of the reservoir with a traditional beam pump in due course.The Keddington Field interests are as follows:Egdon Resources U.K. Limited45% (Operator)Terrain Energy Limited35%Nautical Petroleum Limited*10%Union Jack Oil plc10%*Nautical Petroleum Ltd is a 100% wholly owned subsidiary of Cairn Energy PLCCommenting on the completion of operations at Keddington-5, Mark Abbott, Managing Director of Egdon, said:“We are pleased to report the conclusion of the KD5 drilling operation which was drilled and completed within budget. Following release of the drilling rig and reinstatement of surface facilities, the well will be tested to establish the potential production.”

Egdon Resources plc (AIM:EDR) is pleased to announce that it has reached agreement in respect of a farm-out of the Laughton-1 exploration well and two other conventional prospects in PEDL209 to Union Jack Oil plc (“Union Jack”).Under the terms of the farm-out, Union Jack will earn a 10% interest in the Laughton-1 exploration well and two other conventional prospects in PEDL209, in return for paying 16.67% of the cost of the well. The Laughton-1 well is expected to start drilling during February 2016.The Laughton-1 well will target a structural trap at a depth of over 1,500 metres below ground level defined on vintage two-dimensional seismic data. The Laughton Prospect has multiple conventional Carboniferous sandstone reservoir targets with the primary objective being the Silkstone Rock, an approximately 15 metres thick sandstone interval which is productive in the Corringham Oil Field located five kilometres to the South-East. For clarity, the operations at the site will not, either now or in the future, involve the process of High Volume Hydraulic Fracturing for shale gas.This farm-out does not include the deeper shale-gas prospectivity on PEDL209, which is located further to the south and west, and which remains subject to an option agreement with Total as announced in January 2015.On completion of this transaction, which remains subject to approval from the Oil and Gas Authority, the licence interests in the Laughton Prospect and the two other conventional prospects in PEDL209 will be:Egdon Resources U.K. Limited : 50%Blackland Park Exploration Limited : 28%Stelinmatvic Industries Limited : 12%Union Jack Oil plc : 10%Commenting on the transaction, Mark Abbott, Managing Director of Egdon said:“This farm-out helps to optimise the balance of risk and reward for the Company in the exploration of PEDL209’s conventional oil resources, reducing our financial exposure to the near-term Laughton-1 well.We are once again pleased to welcome Union Jack as a partner following on from their participation in the 2014 Wressle discovery (PEDL181), the current drilling of Keddington-5 sidetrack and the planned Biscathorpe and North Kelsey exploration wells (PEDL253 and PEDL241 respectively).”

Egdon Resources plc (AIM:EDR) is pleased to announce the commencement of drilling operations on the Keddington-5 conventional sidetrack development well in UK Onshore Licence PED005R located in Lincolnshire.Keddington-5 is a sidetrack of the Keddington-4 production well and is designed to target an area of the field where the sandstone reservoir has not been produced. The intent is to increase production and profitability from the field. Operations are expected to complete in early February.Based upon an integrated geological and geophysical evaluation, Stock Tank Oil Initially in Place estimates indicate that the well will target an undrained volume that ranges between 309,000 and 566,000 barrels of oil.The Keddington Oil Field was discovered in 1998 by Candecca and brought onstream the same year. Egdon acquired the then shut-in field from Roc Oil GB Limited in March 2007 and production was restarted in June 2007. Egdon has previously drilled two horizontal sidetrack wells, which produce oil from two Carboniferous age sandstones at a depth of around 2,200 metres. Egdon farmed-down its interest in the Keddington Oil Field in August 2015 to Terrain Energy Limited and Union Jack Oil plc, reducing its working interest from 75% to 45% and reducing its paying interest on the Keddington-5 well to 15%.The Keddington Field interests are as follows:Egdon Resources U.K. Limited45% (Operator)Terrain Energy Limited35%Nautical Petroleum Limited*10%Union Jack Oil plc10%*Nautical Petroleum Ltd is a 100% wholly owned subsidiary of Cairn Energy PLCCommenting on the start of drilling operations at Keddington-5, Mark Abbott, Managing Director of Egdon, said:“We are pleased to report the commencement of drilling operations at Keddington-5 and look forward to the potential for increased production and profitability from this mature field.”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 potential recoverable hydrocarbons 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).

The Company has been informed that Andrew Lodge, non-executive Director, purchased 500,000 ordinary shares in the Company on 4th January 2016 at a price of 9.5 pence each. Mr Lodge's total beneficial shareholding in the Company is now 500,000 ordinary shares, representing 0.23 per cent of the issued share capital of the Company.

Egdon Resources plc (AIM:EDR) is pleased to announce the appointment of Paul Jenkinson as a Non-Executive Director of the Company with immediate effect. Paul is Chief Executive Officer of Alkane Energy plc, which holds 40,000,000 ordinary shares of Egdon representing approximately 18 per cent. of Egdon’s issued share capital. As a result of Paul’s appointment, Neil O’Brien, who has been Alkane’s representative non-executive director on the Egdon Board, has resigned with immediate effect.Paul Thomas Hardman Jenkinson, aged 55, is currently a Director of, or during the past five years has been a Director of, the following companies:Current DirectorshipsAlkane Biogas LimitedAlkane Energy plcAlkane Energy UK LimitedAlkane Services LimitedCoalgas (Cymru) LimitedCoalgas (Europe) LimitedDarent Power LimitedEastern Pegasus LimitedLeven Power LimitedMW Renewables LimitedNewland Energy LimitedRegent Park Energy LimitedSeven Star Natural Gas LimitedFormer Directorships (held in the previous five years)Ascent Integrated Support Services LimitedBioGen Power LimitedBiossence (East London) LimitedPartygamesuk LimitedThere are no other details regarding the appointment of Paul Jenkinson that require disclosure under the AIM Rules.