TIDMEDR

RNS Number : 9675Q

Egdon Resources PLC

01 November 2021

1 November 2021

EGDON RESOURCES PLC

("Egdon" or "the Company")

Biscathorpe Planning Consent Refused

Egdon Resources plc (AIM:EDR) advises that its planning application for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe site, was refused at today's meeting of the Lincolnshire County Council Planning Committee.

The application had been recommended for approval by Lincolnshire County Council's planning officers.

We will await the formal decision notice before taking advice and considering our options including an appeal.

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) Dow Jones Newswires

November 01, 2021 12:23 ET (16:23 GMT)

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