Egdon Raises North Yorkshire Stake
Egdon Resources plc (AIM:EDR) has reached agreement to acquire an additional 20% interest in Petroleum Exploration and Production Licence PEDL068 from DESS Energy Limited (“DESS”) bringing our total interest to 68%. Egdon is operator of PEDL068 which is located in the Cleveland Basin of North Yorkshire.
Brexit Could Provide Boost for Britain's Shale Gas
Britain's shale gas industry could get a helping hand from a falling pound and a supportive new prime minister just as it is gearing up for its first production this year, after facing economic and political challenges that slowed its start. The British pound's weakness since the Brexit vote has made it more expensive to import gas…
Egdon to Drill Kelsey-1
Egdon Resources plc has received consent of the Planning and Regulation Committee during the Meeting of Lincolnshire County Council yesterday. The planning consent was granted for the drilling and any subsequent testing of the North Kelsey-1 exploration well in Lincolnshire licence PEDL241. The North…
Scottish Power, Egdon Give Go-Ahead to UK Shale Gas Project
Scottish Power, owned by Spain's Iberdrola, and Egdon Resources have decided to move ahead with a joint project to explore and develop shale gas in Britain, after seismic data showed the potential for reserves. Britain is counting on the development of shale gas to help lessen its increasing dependence on imports as North Sea output declines.
