Egdon Resources Updates on UK Drilling Plans

Egdon Resources has provided an update on planned drilling operations on its East Midlands Properties.

As previously reported the Dukes Wood-1 well in Nottinghamshire license PEDL118 was planned to commence prior to year end. However, delays in release of the rig from the previous operator has led to a short delay and the rig will now mobilize to the Dukes Wood well site during the first week of the New Year.

In addition, the Company is pleased to announce that it has entered into a second contract with British Drilling and Freezing Limited for the drilling of two further wells at the Kirklington and Keddington oil fields in licenses PEDL203 and PEDL005(Remainder) respectively. The Kirklington-3 well will be a sidetrack of the existing Kirklington-2 production well and will target previously un-drained areas of the field. This well will be drilled immediately following completion of operations at Dukes Wood. It is then intended to move the rig to drill the Keddington-3 well which will be drilled as a sidetrack of Keddington-2y, again to access un-drained areas of the field and increase overall production levels.


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