Company Information for Egdon Resources

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Company Statement

Egdon was formed in 1997 by founding Directors Andrew Hindle and Mark Abbott. The Company was awarded its first licence in the 8th Onshore Licensing Round in 1998 and became an operator in 2000, the same year that the company moved onto the OFEX market. In 2004 Egdon listed on AIM.  In January 2008 Egdon demerged its gas storage business, Portland Gas, later to become Infrastrata , and again became a focused exploration and production business.

Objectives
The aim of the company is to add shareholder value by becoming a profitable and material full cycle exploration and production business, with a focus on onshore UK and mainland European operations.

Strategy

• The Company will remain geographically focused, with activity restricted to proven oil and gas producing areas in UK and mainland Europe.
• The Company has a near-term drive on production and revenue growth through the development and enhancement of its existing portfolio of oil and gas discoveries.
• The Company has a strategic objective to add value via the drill-bit through an active exploration programme.
• Egdon will look to maintain material interests and be a licence operator where appropriate and to joint venture with respected and complementary partners.
• The Company will continue to pursue new projects and play types to expand the breadth and quality of its opportunity base.
• Egdon will identify and exploit new technologies and opportunities to add shareholder value

Operations and Technology

Egdon, had, by the end, of 2009 through a process of purchases, licensing rounds farm-ins and farms outs assembled interests in 24 licences primarily onshore the UK and France. These included assets in the Wessex Basin, the Weald Basin in southern England, Northern England including the Cleveland Basin, the Midlands and onshore France.

During 2010 the total number interests was expected to grow as Egdon proceeded to buy certain UK and French assets from EnCore Oil. The assets to be acquired putatively involved EnCore’s entire interest in 10 onshore UK licences, two onshore French licences and in the Ceres Gas Field in The UKCS.

Board of Directors and Key Management

Non-executive Chairman	Philip Stephens
Managing Director	Mark Abbott
Non-Executive Director	Andrew Hindle
Non-Executive Director and Company Secretary	Walter R. Roberts
Non-Executive Director	Ken Ratcliff
Non-Executive Director	John Rix

Company Address Suite 2, 90-96 High Street Odiham, Hampshire, United Kingdom RG29 1LP Telephone: +44 (0)1256 702292 Facsimile: +44 (0)1256 702293 Email: info[at]egdon-resources.com Website: http://www.egdon-resources.com

Capital The issued share capital of Egdon Resources plc consists of 75,475,774 ordinary shares of 10 pence each with voting rights.

Nominated Brokers Seymour Pierce Limited

Nominated Advisors Seymour Pierce Limited

Major Shareholders

Hargreave Hale Limited	16.81%
Mark A W Abbott	9.55%
Heyco Energy Holdings	9.09%
Andrew D Hindle	8.82%
Williams De Broe	6.92%
Bluehone Investors LLP	5.45%
Brewin Dolphin Securities	3.91%
Seymour Pierce	3.21%

Related News

19/01/10 - Egdon Resources Spuds The Dukes Wood-1 Well In Nottinghamshire Onshore The UK
05/11/09 - Egdon Resources Announces A New Farm Out Deal To Raise Capital For Its Onshore UK Drilling Programme
04/05/09 - Egdon Resources Reveals Its 2009 Ambitions As It Heads Into The Black
02/02/09 - Egdon Resources Adds To Its Onshore UK Production With Output From The Avington Field In Southern England

Most Recent Statement

22/02/10 - Signiture of Commercial Agreements and Appointment
27/01/10 - Update on Dukes Wood-1 drilling operations
19/01/10 - Farm-out of licences PEDL118 and PEDL203
13/01/10 - Commencement of drilling operations at Dukes Wood-1
18/12/09 - Update on Drilling Plans
11/12/09 - Completion of sale of interests to Terrain Energy Limited