In what is a major positive endorsement of the asset, Egdon Resources (EDR LN) has announced the signing of a Farm-In Agreement with Shell (RDSA LN) in relation to offshore licences P1929 and P2304 which contain the Resolution and Endeavour gas discoveries. Shell will now take a 70% working interest in Licences P1929 and P2304 and act as operator with EDR retaining a 30% nonoperated interest. Shell will pay 85% of the costs of the acquisition and processing of the 3D seismic survey over both
