8 August 2022

EGDON RESOURCES PLC

("Egdon" or "the Company")

Submission of North Kelsey Planning Appeal PED241

Egdon Resources (AIM: EDR) is pleased to advise the submission of an appeal against the refusal by Lincolnshire County Council in March 2022 of an extension of time to the existing planning permission for the drilling and testing of a conventional exploration well at the North Kelsey site in PEDL241.

Egdon holds a 50% interest and is operator of PEDL241.

The appeal documentation has been submitted to the Planning Inspectorate ("PINS") and the appeal will now be validated by PINS before an inspector is appointed and a timetable defined.  The expectation is that the appeal will be decided under the Written Representation Procedure, a process where PINS will consider written evidence from the appellant, the local planning authority and other interested parties.

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)

North Kelsey Prospect

North Kelsey is a conventional oil exploration prospect on trend with, and analogous to the Wressle development which lies approximately 15 kilometres to the northwest. The prospect has been mapped from 3-D seismic data and has the potential for oil in four stacked Upper Carboniferous targets.

Egdon estimates that gross Prospective Resources range from 4.66 to 8.47 million barrels of oil (mmbo), with a Mean Resource of 6.47 mmbo.

About Egdon

Egdon Resources plc (LSE: EDR) is an established UK-based energy company focused on onshore exploration and production in the UK. 

Egdon holds interests in 36 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.

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.