Egdon Resources PLC Submission of North Kelsey Planning Appeal (1476V)
08 Agosto 2022 - 1:00AM
UK Regulatory
TIDMEDR
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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