6th October 2016
EGDON RESOURCES PLC
("Egdon" or "the Company")
Springs Road Planning Adjournment
Egdon Resources plc (AIM:EDR) notes the announcement made after market close yesterday by operator IGas Energy plc ("IGas") in relation to the decision of Nottinghamshire County Council's Planning and Licensing Committee in respect of the Springs Road planning application. Egdon holds a 14.5% interest in PEDL140 where the proposed wells are located.
The IGas statement reads as follows;
"IGas Energy plc ("IGas"), one of the leading producers of hydrocarbons onshore Britain, notes that Nottinghamshire County Council has deferred its decision on the IGas planning application for exploration at Springs Road in order to consider a late legal representation. The meeting is now expected to reconvene on 15 November 2016."
For further information please contact:
Egdon Resources plc
Mark Abbott 01256 702 292
Richard Darby, Anna Michniewicz 020 7466 5000
Nominated Adviser and Broker - Cantor Fitzgerald Europe
David Porter, Sarah Wharry (Corporate Finance) 020 7894 7000
Mark Westcott (Sales)
Joint Broker - VSA Capital Limited
Andrew Monk (Corporate Broking) 020 3005 5000
Andrew Raca (Corporate Finance)
Notes to Editors:
Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company primarily focused on onshore exploration and production in the hydrocarbon-producing basins of the UK and France.
Egdon currently holds interests in forty three licences in the UK and France and is awaiting the issue of a further nine new UK licences in the 14th Round. The Company has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets and is an approved operator in both the UK and France.
Egdon was formed in 1997 and listed on AIM in December 2004.
This information is provided by RNS