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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Egdon Resources Plc | LSE:EDR | London | Ordinary Share | GB00B28YML29 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
LONDON--Egdon Resources PLC (EDR.LN) said Tuesday it has exchanged its 12% stake in the U.K. onshore license PEDL209 in the Gainsborough Trough with Stelinmatvic Industries Ltd.'s 12 % stake, for which it also issued 580,646 shares.
The value of the issued shares is of 54,000 pounds ($67,779), the company said.
In addition, Egdon has agreed with Total E&P U.K. Ltd., a subsidiary of Total S.A. (FP.FR), to let Total farm-in at PEDL209 until the end of next year.
Total will spend GBP13.5 million on the license and will earn an interest of 36%, Egdon said.
Shares at 0805 GMT up 0.75 pence, or 8%, at 10.13 pence valuing the company at GBP26 million.
-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga
(END) Dow Jones Newswires
April 04, 2017 04:20 ET (08:20 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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