Egdon Resources Share Discussion Threads

[au24] 10/8/2016 13:44

Fracking good company,to make a bob or 2 over the yrs.

[itsaknockout05] 09/8/2016 05:42

For a country as reliant upon imported energy as Britain, the discovery of substantial deposits of shale gas might seem a godsend. In America, the exploitation of shale has been transformative, with the country set to become self-sufficient in energy by 2020.

Here, by contrast, nothing much has happened beyond the drilling of a number of test wells, every one greeted by objections from green campaigners and local residents.

The fact is that this process needs to be speeded up. Britain’s energy policy is a mess
The Government recognises the potential and has offered favourable tax treatment to shale gas producers and a fast-track planning procedure to get projects under way. But the biggest barrier to a commercial fracking programme remains public opposition. In order to counter this, wealth funds from the proceeds of fracking were proposed, to pay for new community amenities in affected areas.


Anti-fracking protesters CREDIT: JOHN GILES/PA WIRE/JOHN GILES/PA WIRE
Now, the Government is proposing a more straightforward approach – direct payments to households. These could amount to more than £10,000 to each family. Inevitably, such a potential windfall has been denounced as a bribe. In fact, there is a case for local people to benefit from the energy bonanza under their feet, just as they can in America. Here, under the Petroleum Act 1988, shale gas belongs to the Crown and not to the landowner and a Government licence is needed to extract it.

It could equally be argued that the entire country should share in the proceeds of shale but this will only happen if it is properly exploited; and that requires persuading the people living close to where the fracking would take place to back it.

If offering them cash to do so changes their minds and gets the necessary schemes off the ground, then so be it.

The fact is that this process needs to be speeded up. Britain’s energy policy is a mess, with the future of our nuclear programme in doubt after Theresa May halted a planned deal with China and France to build a new reactor at Hinkley Point. Coal-fired power stations are closing to meet the UK’s carbon reduction obligations and we are heavily reliant on imported gas. Fracking offers cheap and plentiful energy, and gas is far cleaner than coal, yet we have been talking about its potential for nearly 10 years without getting anywhere.

[itsaknockout05] 09/8/2016 05:24

This could multi bag from here with May in charge.

[oakville] 08/8/2016 19:31

UK Government Shale Wealth Fund - IGas/Egdon

The UK prime minister has announced that the Government intends to reward householders directly, rather than through councils etc., thus ensuring success by local energy companies can specifically target residents.

This fresh and direct approach has given impetus to IGas (IGAS) and Egdon (EDR), which are natural winners should the UK onshore unconventional industry scale up and start to deliver meaningful quantities of gas.

This is still far from certain at this stage, although activity is picking up thanks to Ineos, Egdon and IGas, the latter of which I am seeing next week.

[oakville] 08/8/2016 19:25

Cantor Fitzgerald have set their target price at 31p GBX on its stock.

[oakville] 08/8/2016 19:25

Cantor Fitzgerald have set their target price at 31p GBX on its stock.

[oakville] 08/8/2016 19:23

Egdon Resources Plc 198.7% Potential Upside Indicated by Cantor Fitzgerald
Posted by: Katherine Hargreaves 4th August 2016

Egdon Resources Plc using EPIC/TICKER code LON:EDR had its stock rating noted as ‘Retains’; with the recommendation being set at ‘BUY’ today by analysts at Cantor Fitzgerald. Egdon Resources Plc are listed in the Oil & Gas sector within AIM. Cantor Fitzgerald have set their target price at 31 GBX on its stock. This would imply the analyst believes there is now a potential upside of 198.7% from the opening price of 10.38 GBX. Over the last 30 and 90 trading days the company share price has decreased 0.119999999999999 points and increased 2.605 points respectively.

Egdon Resources Plc LON:EDR has a 52 week high share price of 14.32 GBX while the year low share price is currently 6.6. There are currently 218,153,365 shares in issue with the average daily volume traded being 164,209. Market capitalisation for LON:EDR is £22,687,949 GBP.

Egdon Resources Plc is a United Kingdom-based company focused on oil and gas exploration and production business. The Company’s segments include UK and France. The Company is engaged in the exploration and production of conventional oil and gas in the United Kingdom and France, and the exploration for unconventional oil and gas resources in the United Kingdom. The Company has approximately 40 licenses in proven oil and gas producing basins in the United Kingdom and France.

[bridgecottagedancer] 08/8/2016 17:28

EDR have a lot less debt than Igas. Interesting times.

[joshondale] 08/8/2016 17:24

Quite a lot of people still against fracking, but I think it will all get the green light.

[itsaknockout05] 08/8/2016 17:15

Great timing for one, picked a few up last week.

[bridgecottagedancer] 08/8/2016 16:58

hxxp://www.egdon-resources.com/media/news/

[bridgecottagedancer] 08/8/2016 16:56

Could do with a thread revamp here?

[cathuk] 08/8/2016 16:53

I was beginning to think I was the only buyer on here.

[joshondale] 08/8/2016 16:50

Strength into the close !!

[oakville] 08/8/2016 16:46

Christ these look cheap. Not many fracking co in the UK.

[jpuff] 04/8/2016 08:29

Couple the fracked gas with this and hey clean energy solved!https://www.theguardian.com/sustainable-business/2016/jul/22/cheap-and-clean-australian-company-creates-hydrogen-with-near-zero-emissions

[jpuff] 04/8/2016 00:03

I read this in The Telegraph's iPhone app and thought you'd like to read it:

[bionicdog] 15/7/2016 18:29

Very quiet oh here. Looks to have broken out of an ascending triangle.

[au24] 04/7/2016 12:27

Still here,this is the time to add IMO.

[spacedust] 09/6/2016 18:50

Surprised that 50k trade didn't result in a tick up in the sp

[spacedust] 08/6/2016 19:23

Little little buys resulting in small tick ups. Should see a mini spike coming soon