Egdon Resources plc notes the announcement made by IGas Energy plc (IGas) as it relates to UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140 located in the Gainsborough Trough geological basin in Lincolnshire, where Egdon holds a 14.5% interest.
IGas have reported the completion of 3-D seismic acquisition on PEDL139/140 and a forward plan to appraise the results with a view to site selection, before preparing both an Environmental Risk Assessment and subsequently a full Environmental Impact Assessment for the identified exploration well. In parallel a comprehensive community engagement programme in the selected area will commence.
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Egdon Resources Plc
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