Egdon Resources shares rise after Springs Road planning deferral

Egdon Resources shares were up on Thursday afternoon, after an announcement made after market close on Wednesday by IGas Energy.

The announcement was over the decision of Nottinghamshire County Council's Planning and Licensing Committee in respect of the Springs Road planning application.

“IGas Energy ... notes that Nottinghamshire County Council has deferred its decision on the IGas planning application for exploration at Springs Road in order to consider a late legal representation,” the statement read.

“The meeting is now expected to reconvene on 15 November 2016.”

Egdon holds a 14.5% interest in PEDL140 where the proposed wells are located.

At 1428 BST, shares in the AIM-traded firm were up 4.4% at 18.4p.