13 April 2022

EGDON RESOURCES PLC

("Egdon" or "the Company")

Submission of Biscathorpe Planning Appeal

Egdon Resources plc (AIM:EDR) is pleased to advise that further to the announcement of 25 January 2022, it has submitted an 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 site (the "Appeal"), held under licence PEDL253.

Egdon is operator of PEDL253 and holds a 35.8% interest in the licence.

The appeal documentation was submitted to the Planning Inspectorate ("PINS") on 12 April 2022.  The appeal will now be validated by PINS before an Inspector is appointed and a timetable is defined.  The expectation is that the appeal will be decided under the written representations procedure, a process where PINS will consider written evidence from the appellant, the local planning authority and anyone else who has an interest in the appeal.

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)

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, 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 37 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.