EDR.L Regulatory News (EDR)

EGDON RESOURCES PLC

("Egdon" or "the Company")

Favourable Holmwood Court of Appeal Decision

Egdon Resources plc (AIM:EDR) notes the announcement made today by Europa Oil & Gas (Holdings) plc ("Europa"), the operator of PEDL143, regarding the Court of Appeal decision in relation to the Holmwood prospect.

Europa has advised that the Court of Appeal has today dismissed an appeal by the Leith Hill Action Group against the High Court judgment in Europa's favour, in relation to the drilling of an exploratory well at the Holmwood prospect ('Holmwood') in the PEDL143 licence in the Weald Basin, Surrey. Egdon holds a 38.4% interest in PEDL143.

As a result of the Court of Appeal's ruling, the High Court judgment of 25 July 2013, is upheld.  Europa's appeal against Surrey County Council's refusal to grant planning permission to drill one exploratory borehole and undertake a short term test for conventional hydrocarbons at the Holmwood prospect will therefore be remitted to the Planning Inspectorate for redetermination. This may involve a further planning inquiry.

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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 and France. 

Egdon holds interests in thirty seven 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.