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Operations Update

15 Mar 2006 07:00

Egdon Resources PLC15 March 2006 For immediate release 15 March 2006 EGDON RESOURCES PLC Operations Update: Kirkleatham-4 Confirmed as Gas Discovery Egdon Resources Plc ("Egdon" or "the Company"), the UK based independent oil andgas exploration and production company, is pleased to provide an update on itsUK operations and announce that testing operations have confirmed the presenceof gas at the Kirkleatham-4 well. At Kirkleatham-4 in Cleveland Basin licence PEDL068, testing of 6m perforatedinterval at the top of the Cadeby Formation commenced on 6 March with an initialflow rate of 2.8 million standard cubic feet of gas per day ("mmscfgd"). Therate was increased in steps during the five day test to a final rate of 5mmscfgd at a flowing well head pressure of approximately 1000 pounds per squareinch gauge pressure ("psig") through a 18/64" choke. During the test, flaringwas restricted to the period 07.00 to 19.00 hrs. The well was shut-in for a longterm build-up on 10 March. Initial analysis indicates that the gas quality isgood with less than 3 mol% inert content and 93 mol% Methane. The well has been completed for potential future production and will besuspended once the down-hole pressure gauges are recovered from the well laterthis week. The future programme for Kirkleatham will be decided followingrecovery of the down-hole gauges and full analysis of the test results. Planningis progressing for potential seismic acquisition over the Kirkleathamaccumulation. Test equipment and personnel are currently being moved from Kirkleatham-4 to theWesterdale-1 well-site, also in PEDL068, to test indications of gas encounteredin two intervals during recent drilling operations. Drilling operations at the Portland-1 well commenced on 6 March. The BDF28 rigwas drilling ahead at a depth of 810 metres at 15.00 hrs on 14 March. Portland-1is being operated by Egdon on behalf of its wholly owned subsidiary, PortlandGas Limited. Data from the well will enable the determination of the thicknessand suitability of the salt interval to create caverns at the proposed PortlandGas Storage Project. Portland-1 has a prognosed total depth of around 2500 m.Drilling, coring and testing operations are expected to take around 50 days. In Weald Basin licence PEDL070, operated by Star Energy Plc, the Avington-3appraisal well has reached TD and the well has been logged and a liner set. Awell test programme will now be undertaken using the operator's work-over rig. For further information please contact: Egdon Resources PlcMark Abbott, Joint Managing Director 01256 702292Andrew Hindle, Joint Managing Director Buchanan CommunicationsEric Burns 01943 883 990Ben Willey 020 7466 5000 Notes to the Editors In the PEDL068 licence in the Cleveland Basin the Company holds a 20% workinginterest and holds an option to increase its interest to 25%. The Portland-1 gasstorage confirmation well is being drilled by Egdon from a site leased by itswholly owned subsidiary, Portland Gas Limited. The Company holds a 20% workinginterest in the PEDL070 licence in the Weald Basin Company Background Egdon is an established, UK-based energy company primarily focused on thehydrocarbon-producing basins of the onshore UK. Egdon also has explorationinterests in the offshore UK and France. Egdon was formed in 1997 by Dr Andrew Hindle and Mark Abbott. The Company'sshares are traded on AIM under code EDR. The Company is developing two major business areas: An oil and gas exploration and production business which has a portfolio oftwenty exploration licences containing identified oil and gas prospects rangingfrom discoveries under appraisal through to higher risk but higher reward "wildcat" exploration prospects. A gas storage business initially focused on the prospective development of amajor salt cavern gas storage facility beneath the Isle of Portland, Dorset. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
17th Feb 20141:42 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
13th Feb 201410:05 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
11th Feb 20147:00 amRNS£3 million Placing completed
4th Feb 20147:01 amRNSCompletion of Farm-out with Total E&P UK Ltd
30th Jan 20147:00 amRNSOpt-in Agreement with Total E&P UK Limited
13th Jan 20143:08 pmRNSLicence Extension PEDL181
13th Jan 20147:00 amRNSFarm-out Agreement with Total E&P UK Limited
5th Dec 20131:48 pmRNSResults of Annual General Meeting
5th Dec 20137:00 amRNSExploration Option and Farm-in Agreement
12th Nov 20134:21 pmRNSPosting of Annual Report and AGM notice
6th Nov 20137:00 amRNSFinal Results for the Year Ended 31 July 2013
24th Oct 201311:35 amRNSNotification of Results
17th Oct 20137:00 amRNSCompletion of Seismic Survey, Dorset.
2nd Oct 20137:00 amRNSCommencement of Production - Waddock Cross
26th Jul 20137:00 amRNSPlanning Approval for Burton on the Wolds-1
25th Jul 20134:21 pmRNSFavourable Holmwood High Court Decision
22nd Jul 20137:01 amRNSUnion Jack Oil plc AIM Admission Document
16th Jul 20137:00 amRNSPlanning Approval for Laughton-1 Exploration Well
8th Jul 201310:06 amRNSComment on Recent Shale Gas Developments
28th Jun 20137:00 amRNSPlanning Approval for Waddock Cross Development
24th Jun 20137:00 amRNSPlanning Approval for Wressle -1 (PEDL180)
28th May 20137:00 amRNSFarm-in Agreed for PEDL209
14th May 20137:00 amRNSSale of an Interest in PL090 and PEDL237
8th May 20137:00 amRNSFarm-out of interest in the Wressle Prospect
29th Apr 20137:00 amRNSInterim Results
5th Apr 20137:00 amRNSNotification of Results
4th Apr 20139:36 amRNSAward of Offshore Licence
2nd Apr 20137:00 amRNSSale of Certain Interests and Earn-in Arrangements
19th Mar 20139:17 amRNSCommencement of 2D seismic acquisition on PEDL 181
5th Mar 20137:00 amRNSPEDL253 and PEDL241 Farm out Agreements
26th Feb 20137:00 amRNSDirector/PDMR Shareholding
25th Feb 20137:00 amRNSChange of Adviser
19th Feb 20137:00 amRNSPEDL201 Farm out Agreement
24th Jan 20133:49 pmRNSDirectors Share Dealing
24th Jan 20132:04 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
22nd Jan 20137:00 amRNSMairy Permit Update
17th Jan 20137:00 amRNSHolding(s) in Company
15th Jan 201310:45 amRNSPEDL139/140 Shale-Gas Resource Assessment
7th Dec 20127:00 amRNSHolding(s) in Company
6th Dec 20121:12 pmRNSResults of Annual General Meeting
29th Nov 20127:00 amRNSCeres Production Update
15th Nov 20127:00 amRNSHolding(s) in Company
5th Nov 20127:00 amRNSFinal Results for the Year Ended 31 July 2012
2nd Nov 201212:47 pmRNSHolding in Company
17th Oct 20127:00 amRNSNotification of Results
27th Sep 20123:43 pmRNSPlanning Decision - Holmwood-1 Exploration Well
3rd Sep 201210:07 amRNSHolding(s) in Company
30th Jul 201212:15 pmRNSAcquisition of Dorset Exploration Limited
19th Jul 20122:12 pmRNSPlanning Granted for Westerdale - 2- Well
10th Jul 20122:03 pmRNSHolding(s) in Company

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