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UK: Egdon Resources announces preliminary results for the year ended 31 July 2020
06 Jan 2021
AIM-listed
Egdon Resources, a UK-based exploration and production company primarily focused on the hydrocarbon-producing basins of onshore UK, has announced its preliminary results for the year ended 31 July 2020.
Operational and Corporate Highlights
Production during the year was 145 boepd (2019: 182 boepd) ahead of guidance of 130-140 boepd
Planning permission was granted for the Wressle development on appeal on 17 January 2020 following a public inquiry in November 2019. Full costs were awarded against North Lincolnshire Council and have since been received. Field development operations are progressing well and first oil is targeted during January 2021, which will add 150 bopd to Egdon’s production