Egdon Resources PLC Wressle Development - New Planning Application (9545D)

TIDMEDR

RNS Number : 9545D

Egdon Resources PLC

03 May 2017

3 May 2017

EGDON RESOURCES PLC

("Egdon" or "the Company")

Wressle Development - New Planning Application

Egdon Resources plc (AIM:EDR) announces the submission on 28 April 2017 of a new Planning Application ("the Application") for the Wressle field development. The Application includes additional detailed information to address the specific concerns raised by North Lincolnshire Council in its 11 January 2017 decision to refuse planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire. The Application will now be validated by North Lincolnshire Council planning department, a procedure that usually takes one to two weeks.

As previously announced on 11 April 2017, Egdon has already submitted an appeal against North Lincolnshire County Council's decision to refuse planning consent.

Egdon believe that this dual track approach will provide the best opportunity for a successful planning outcome with the minimum delay.

For further information please contact:

Egdon Resources plc

Mark Abbott 01256 702 292

Buchanan

Richard Darby, Anna Michniewicz 020 7466 5000

Nominated Adviser and Broker - Cantor Fitzgerald Europe

David Porter, Sarah Wharry (Corporate Finance)

Mark Westcott (Sales)

020 7894 7000

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.

Egdon holds interests in 43 licences in the UK and France and has an active programme of exploration, appraisal and development within its balanced portfolio of oil and gas assets. Egdon is an approved operator in both the UK and France.

Egdon was formed in 1997 and listed on AIM in December 2004.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 03, 2017 02:00 ET (06:00 GMT)