Source - SMW
Egdon Resources said it had been granted extensions by US authorities for two licences off the country's coast.

The Oil and Gas Authority had granted a six-month extension to both P1929 and P2304 to 31 May 2020.

Obligatiation include a need to, by 31 January 2020, demonstrate that a farm-in agreement had been fully executed to provide funding of the licence work programme.

The company also had to demonstrate that it was on track to  deliver a future programme of 3D seismic data acquisition across both licences.


At 9:57am: (LON:EDR) Egdon Resources PLC share price was 0p at 2.95p



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