The current Wressle well began formal oil production in July 2022, after extended flow tests.
Last week, the company said it had reprocessed and reinterpreted 3D seismic data for the Wressle field.
Egdon said this work aimed to identify reservoir targets for drilling an additional well or wells “at the earliest opportunity subject to receipt of regulatory approval”.
The new well or wells were “likely to be drilled from the existing Wressle wellsite”, Egdon said.
Egdon Resources plc (LON:EDR) is an independent onshore focused oil and gas exploration and production business. An established oil and gas exploration and production business with 41 licences in proven oil and gas producing basins in the UK.