REG - Egdon Resources PLC - Submission of North Kelsey Planning Appeal

Egdon ResourcesAnnouncement

08/08/2022 07:00

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RNS Number : 1476V  Egdon Resources PLC  08 August 2022

 

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.

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