5 Nov 2010 10:42
Egdon Resources plc ("Egdon" or the "Company")
Director Shareholdings
The Company was informed on 4 November 2010 that Mark Abbott, Managing Director, yesterday purchased 133,842 ordinary shares in the Company at a price of 13 pence each via his SIPP. Mr Abbott's total beneficial shareholding in the Company is now 7,238,648 ordinary shares, representing 5.54% of the issued share capital of the Company.
The Company was also informed yesterday that Walter Roberts, a non-executive Director, yesterday purchased 100,000 ordinary shares in the Company at an average price of 13.69 pence in the name of his minor daughter. Mr Roberts' total beneficial shareholding in the Company is now 1,291,750 ordinary shares, representing 0.99% of the issued share capital of the Company.
Enquiries:
Egdon Resources plc
Mark Abbott, Managing Director 01256 702292
Buchanan Communications
Richard Darby, James Strong 020 7466 5000
Nominated Adviser and Broker - Seymour Pierce
Jonathan Wright, Richard Redmayne 020 7107 8000
Notes to Authors
Egdon Resources plc
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 and Europe.
Egdon currently holds interests in thirty five 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 has production from the Keddington and Kirklington oil fields in the East Midlands and the Avington oil field in Hampshire. Further oil and gas production is anticipated from Kirkleatham and Ceres in 2010 and Waddock Cross in 2011.
On completion of the acquisition of Encore E&P Limited, Egdon will acquire a further two permits onshore France.
Egdon has announced a disposal of its French subsidiary to eCORP. This will result in two French permits being transferred from Egdon ownership on completion which is expected shortly.
Egdon Resources plc listed on AIM in January 2008, following the demerger of its gas storage business, Portland Gas plc (now renamed Infrastrata plc). The pre-demerged business was formed in 1997 and listed on AIM in December 2004.
www.egdon-resources.com