StockMarketWire.com - Egdon Resources said Monday net gas production from the Ceres field during November was in-line with forecasts, averaging 1.16m cubic feet of gas per day following the successful installation of a new flowmeter in October.

The company said it expected gas sales net to Egdon for November would be exceed £235,000.

Egdon held a 10% interest in the Spirit Energy operated Ceres gas field in the Southern North Sea.

'We are pleased to report this production update from Ceres which represents a material step up in both production and cash flow for Egdon. The production from Ceres defines our strategy of maintaining a balanced portfolio of conventional production whilst also progressing our conventional exploration activity and our material unconventional acreage position,' said Mark Abbott, Managing Director of Egdon Resources.


At 8:17am: [LON:EDR] Egdon Resources PLC share price was +0.35p at 7.1p



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