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.

History

Egdon was formed in 1997 and awarded its first licence in 1998. In 2000 Egdon gained its first operated licence and listed on the OFEX market. In 2004 Egdon listed on AIM. In January 2008 Egdon demerged its gas storage business, Portland Gas plc (now renamed Infrastrata), and again became a focused exploration and production business.

Timeline

• 1997 Egdon formed by Andrew Hindle and Mark Abbott
• 1998 First licence awarded in Wessex Basin
• 1999 First French licence awarded
• 2000 Listed on OFEX market and raised first equity
• 2000 First licence awarded as operator
• 2003 Drilled first exploration well – West Compton-1 in Wessex Basin
• 2004 Completed first operated well – Waddock Cross-2
• 2004 Listed on AIM
• 2006 Acquisition of Keddington oil field = first operated production
• 2008 Demerger of gas storage business “Portland Gas” (now InfraStrata)
• 2008 Drilled first French operated exploration well – Grenade-3
• 2010 Acquisition of EnCore UK and France asset package
• 2010 Sale of French subsidiary to eCORP
• 2013 Confirmation of Gainsborough Trough Shale-Gas Resource and low cost acreage acquisitions
• 2014 Farm-out/Opt-in to Total validates Gainsborough Trough shale-gas play
• 2014 Acquisition of Certain Alkane Energy UK Exploration acreage, associated £7m placing and open offer transforms Egdon into a significant shale-gas acreage holder
• 2014 Operated Wressle oil Discovery
• 2015 Successful Wressle testing
• 2015 14th Round Awards
• 2016 48TCF of mean of undiscovered shale gas initially in place assessed by ERC Equipoise
• 2016 Planning consent received for first, non-operated, shale gas exploration wells at Springs Road, Misson, Nottinghamshire
• 2017 Acquisition of Fiskerton Airfield producing oil field
• 2018 Petrichor acquires increased interest in Egdon Resources, Biscathorpe site construction commenced, Ceres field primary production restarted
• 2019 Successful completion of basin opening shale and tight gas exploration well Springs Road-1  in the Gainsborough Trough
• 2020 Approval on appeal of the Wressle development and farm out of Resolution and Endeavour gas discoveries to Shell 
• 2021 Wressle oilfield was brought onstream on schedule

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