Egdon Resources PLC Wressle-Issue of EA Mining Waste Permit Variation (5985F)

TIDMEDR

RNS Number : 5985F

Egdon Resources PLC

19 May 2017

19 May 2017

EGDON RESOURCES PLC

("Egdon" or "the Company")

Wressle Development - Issue of EA Mining Waste Permit Variation

Egdon Resources plc (AIM:EDR) is pleased to announce the issue by the Environment Agency of the variation to the Mining Waste Permit for the planned Wressle field development and associated operations.

The issue of the permit is a key regulatory approval in the proposed Wressle development, and provides support to the new Planning Application as submitted on 28 April 2017.

Commenting on the permit approval, Mark Abbott, Managing Director of Egdon said:-

"After a long and extremely thorough review of our proposals by the Environment Agency, we are pleased to receive the variation to our environmental permits for the proposed Wressle development and associated operations. This validates our position that the planned operations and procedures will prevent, mitigate and minimise environmental impacts. Egdon takes its safety, environmental and social obligations very seriously and is committed to maintaining the highest standards. We are confident that this will be recognised in the outcome of the new Planning Application."

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 19, 2017 02:00 ET (06:00 GMT)