25 January 2022

EGDON RESOURCES PLC

("Egdon" or "the Company")

Biscathorpe Planning Appeal Update

Egdon Resources plc (AIM:EDR) is pleased to advise its intention to submit an appeal against the refusal of planning permission by Lincolnshire County Council (LCC) on 1 November 2021, for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe site, held under licence PEDL253. Egdon is operator and holds a 35.8% interest in the licence.

The decision has been made after reviewing LCC's Decision Notice, which was received on 6 December 2021, taking advice from our planning and legal advisors and agreement with our joint venture partners.

The appeal documentation is currently in preparation and is expected to be submitted during Q1 2022.

For further information please contact: 

Egdon Resources plc

Mark Abbott, Martin Durham                                                      01256 702 292

Buchanan

Ben Romney, Jon Krinks                                                           020 7466 5000

Nominated Adviser & Joint Broker - WH Ireland Limited                     

Chris Hardie, Megan Liddell                                                       020 7220 1666

Joint Broker & Financial Advisors - VSA Capital Limited

Andrew Monk (Corporate Broking)                                              020 3005 5000

Andrew Raca (Corporate Finance)

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.

Notes to Editors:

Egdon Resources plc (LSE: EDR) is an established exploration and production company focused on the hydrocarbon-producing basins of the onshore UK. 

Egdon holds interests in 39 licences in the UK and has an active programme of exploration, appraisal and development within its portfolio of oil and gas assets.  Egdon is an approved operator in the UK.  Egdon was formed in 1997 and listed on AIM in December 2004.