Egdon Resources - Re: EDR Stream Log - From Mark 10 mins ago:...

From Mark 10 mins ago: James, Thank you for your email. Clearly we have no control on a day to day basis of the share price which is driven by the relative sell/buy pressure in the market. However, the fundamentals of the business remain strong and we are not aware of any underlying reason for the recent fall in price other than general sector sentiment. In terms of Egdon’s business, we are working towards commencement of a significant conventional drilling programme and expect to provide a firm timing update in the near future on the first two wells at Wressle and Burton on the Wolds. In terms of the Total deal we are now in the process of acquiring 3D seismic on the licences and the operator IGas is progressing with the planning process for the initial exploration well. We continue to produce from our existing producing assets and are advancing technical work with a view to adding value on our key exploration, appraisal and development projects. As always we will issue news releases as and when appropriate to keep our shareholders informed of developments. Best Regards Mark Abbott