Egdon Resources PLC Biscathorpe Planning Appeal Update (4517Z)
25 Enero 2022 - 1:00AM
UK Regulatory
TIDMEDR
RNS Number : 4517Z
Egdon Resources PLC
25 January 2022
25 January 2022
EGDON RESOURCES PLC
("Egdon" or "the Company")
Biscathorpe Planning Appeal Update
Egdon Resources plc (AIM:EDR) is pleased to advise its intention
to submit an appeal against the refusal of planning permission by
Lincolnshire County Council (LCC) on 1 November 2021, for a
side-track drilling operation, associated testing and long-term oil
production at the Biscathorpe site, held under licence PEDL253 .
Egdon is operator and holds a 35.8% interest in the licence.
The decision has been made after reviewing LCC's Decision
Notice, which was received on 6 December 2021, taking advice from
our planning and legal advisors and agreement with our joint
venture partners.
The appeal documentation is currently in preparation and is
expected to be submitted during Q1 2022.
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)
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
Notes to Editors:
Egdon Resources plc (LSE: EDR) is an established exploration and
production company focused on the hydrocarbon-producing basins of
the onshore UK.
Egdon holds interests in 39 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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END
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