Egdon Resources (EDR) revealed on Wednesday it produced 32,758 barrels of oil equivalent (boe) in the half year ending 31 January 2020.
The UK-listed energy firm said in a H1 2020 production update that it averaged 178 boe per day, which was in line with its previous guidance of 170-180 boe per day.
Egdon also reiterated its production guidance of between 130 and 140 barrels of oil equivalent per day for the full year.
The company said production came from the Ceres gas field and the Keddington and Fiskerton Airfiled oil fields.
Shares in Egdon Resources were trading flat at 3.9p on Wednesday
Commenting on the update, Mark Abbott, Managing Director of Egdon Resources plc, said: "2020 has started positively for Egdon, with continued strong production across our portfolio, a positive outcome to the Wressle planning inquiry and the announcement of a farm-in by Shell U.K. Limited into our offshore Resolution and Endeavour projects.”
He said: “Our current focus is on the Wressle field development, where we are working to discharge the planning conditions ahead of commencing site works.”
Mr. Abbott said that the company would be providing an update on Wressle and the Biscathorpe project after various Joint Venture meetings in the coming weeks.
Egdon’s interim results are scheduled for 21 April 2020.
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