Share Name Share Symbol Market Type Share ISIN Share Description
Egdon Resources 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
  -0.125p -0.93% 13.375p 13.00p 13.75p 13.50p 13.25p 13.50p 151,821 10:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 2.1 -4.5 -2.0 - 29.62

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Date Time Title Posts
13/10/201607:17Egdon resources.... new to AIM3,167
08/8/201616:58BUY in Egdon Resources (EDR)3
30/4/201009:02Edgon Resources PLC - DATA14
03/3/200816:10Edgon Resources1
22/1/200821:102008 the year for EDR - lots of potential in QTR 118

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Egdon Resources (EDR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
21/10/2016 14:04:5613.307,6131,012.53O
21/10/2016 13:56:4413.753,636499.95O
21/10/2016 11:10:5013.7021,8612,994.96O
21/10/2016 10:24:5513.30100,00013,300.00O
21/10/2016 09:59:5313.5014,7111,985.99O
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Egdon Resources Daily Update: Egdon Resources is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker EDR. The last closing price for Egdon Resources was 13.50p.
Egdon Resources has a 4 week average price of 14.76p and a 12 week average price of 13.71p.
The 1 year high share price is 20.50p while the 1 year low share price is currently 6.75p.
There are currently 221,423,268 shares in issue and the average daily traded volume is 216,040 shares. The market capitalisation of Egdon Resources is £29,615,362.10.
oakville: 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.
thomasthetank1: Read VSA Capital's note on EGDON RESOURCES, out this morning, by visiting hxxps:// "As we have previously highlighted 2016 has the potential to one day be looked back upon as the year that kicked the UK’s shale gas industry into action. A number of UK shale players expect decisions to be made on their applications in the coming months, including the Springs Road planning application at the IGas (IGAS LN) operated PEDL 139/140, where EDR has a carried 14.5% WI. Positive decisions on these applications should improve sentiment among the investment community and support EDR’s share price ..."
rogerlin: Not quite the desired result but then Laughton was not the most enormous target.
dukedosh: This could be regarded bullish considering Alkane's 18% holding.
whackford: 19 Bells - Regarding sinking share price, the share price was at about 8p in April when the good news on Wressle had been out for some months. Nothing has since changed on Wressle - just news confirming all is as expected, with still no certainty on commerciality (Edison puts Wressle at only about 4p per share unrisked - so not very material). Therefore the rise to 15p recently is difficult to explain. With the recent fall in oil price it looks as though we may soon be down to the 8-9p level again.
philfromfrance: EDR have already had their spike & retrace!! The next candidate is EOG, who have a much broader range of assets & a newsflow which is going to take their share price up by multiples of what it is now!! Might be too late if the Kosmos 3D is published on Monday but promised for before the end of the month & due to US public holidays, will need to be early in the week or it will slip to December!! Wressle news even bigger for EOG by percentage & by m. cap & flow of other news which may now be early next year!! Go with the flow - now is the time to consider jumping from here to EOG & play the percentage game? OINMNSHOT
123qwer: The share price is going down and the bid/offer spread is is muchlarger as MM's must be expecting a lot of volatility. DYOR
whackford: In Daily Telegraph, best AIM stocks for 2014 article: Here Mr Hargreave names five Aim stocks he is backing to deliver the goods in 2014. The fund manager also holds the shares across a number of his other funds – including Marlborough Micro Cap Growth and the Hargreave Hale Aim venture capital trust. Egdon The fund manager's first pick is a company that the majority of Isa savers will not have heard of – the oil and gas exploration minnow Egdon. Since the start of the year its shares have risen by a staggering 275pc, from 11p to 36p, after it won a string of licences to drill for oil in Lincolnshire. "The company has a great portfolio of oil and gas assets, so I expect the firm to win other licences in the UK in the future, which will further boost the share price," said Mr Hargreave.
blamont: I've read this thread over the last week or so and rarely seen such hysterical nonsense with comparisons to the Californian gold rush and less polite personal references that belong in the school yard. The vast majority of participants seem to be basing their comments on some sort of technical analysis of daily share price movements. The truth is that Egdon is the only worthwhile quoted entry to the shale market in the UK but it was at first glance a tiny AIM listing that wasn't a real prospect for institutions. Things changed with the entry of Total and in a tight market the price went exponential. EOG, for example shares a 25% stake in one of Egdons many fields and had such a small interest in the market that it has raised funds to buy more - who from I wonder? Yes Egdons price is a bit frothy and some profit taking is to be expected but personally I will be taking up their potential/likely rights issue with some of the profit liberated recently - if you want a quoted entry to this market - and it's not without its problems - then Egdon is your only viable route.
bionicdog: November 18, 2013 Egdon Resources Has A Busy Year In 2012/13 With Increased Production And High Hopes For Exploration Successs Egdon Resources is an AIM-quoted junior focused primarily on the UK, where it holds 27 licences, 24 of which are onshore, with 15 operated by Egdon. The company is also involved in France where there are a further three licences with a fourth pending. The group is a full cycle E & P group with production, development and exploration acreage including a developing position in high potential UK non-conventional plays. Best Estimate Prospective and Contingent Resources are put at 400 million barrels of oil equivalent (mmboe). While none of the licences are likely to hold elephant fields, there is a patchwork of small to medium accumulations which are low cost and low risk, and principally because they are mostly onshore, are cheap and quick to monetise. After what chairman Philip Stephens called a "challenging year" in 2011-12, the company decided in November 2012 to redefine its strategy to focus on fewer, higher potential assets in three core areas and pursue the near term objective to monetise core assets and farm-out certain opportunities to fund growth. The three core areas are Northern England including the East Midlands and the Cleveland Basin, Southern England and France. With the exception of France there has been considerable activity across the portfolio since November 2012. Announcing its final results for the year ending July 31 2013, Egdon said production guidance is now 200 boepd, a substantial increase on last year and way ahead of previous guidance of 125 boepd for 2012-2013. The output has come from Keddington, Avington, Dukes Wood/Kirklington, Waddocks Cross and Ceres. The management is particularly pleased with the offshore Ceres Field where Egdon holds 10 per cent and which has had problems in the past but which came good last November and has contributed 70 per cent of the 200 boepd output total. Higher production meant oil gas revenues increased 27.8 per cent to £3.34 million which narrowed losses to £0.72 million. The start of modest production rates towards the end of the period, and just after, at Waddocks Cross has also been welcome as it will be used to support longer term exploration. While there was some appraisal drilling in the year, notably at Nooks farm, a plethora of farm outs (including three to David Bramhill's new vehicle, Union Jack Oil) have not only de-risked the projects, but also reduced the financial exposure while retaining material stakes in many of the licences. The really near-term exploration focuses on the Wressle and Burton on the Wolds prospects, both of which are in the East Midlands and both of which have received planning permission. It was hoped to drill these wells during Q4 2013. But a new regularity issue came up in the form of the EU's environmental and waste management directive. This has slowed developments down a bit but the hope now is Egdon will be able to get on with things in Q1 2014. Egdon has a 25 per cent stake in Wressle and is the operator. The company has a 32.5 per cent interest in Burton on the Wolds and is, again, operator. Joint Best Estimate Prospective and Contingent Resources for the two prospects are put at 1.77 mmboe. Success with either prospect could add substantially to production. After these two wells there are a further three wells planned for stage 2 of the East Midlands campaign. Depending on planning permission, farm outs and cash flow BIscathorpe, North Kelsey and Laughton will be drilled later in 2014. Overriding all this in terms of hopes, expectations and one may say, excitement is the company's involvement in UK s shale gas, which could be a short term driver for Egdon and, in due course, a company maker. Egdon has an existing acreage position which exposes the company to near-term non-conventional hydrocarbon exploration in the Pendleian Shale in the Gainsborough Trough in exposure Northern England which is equivalent to the Bowland shale of the NW of England. A report by independent reservoir engineers RPS on Gainsborough Trough acreage (PEDL 136/140) estimated there was 1.76 trillion cubic ft (tcf) total gas-initially- in- place (GIIP) and 0.19 tcf Mean Resources, Net to Egdon's 13.5 per cent carried interest, The chance of drilling success (CoS) for the Upper Bowland-Hodder Unit UBH in the licences is put at 24 per cent. A Gainsborough Deep well is in PEDL 139/140 is anticipated by the partners for H2 2014. Egdon plans to monetise any successful drilling before development. The point is Egdon is one of very few publicly quoted companies with an exposure to UK shale gas. Cuadrilla, the most written about and publicised companies is a private concern. Egdon wants to maximise its position as quickly as possible. Recently the company announced a farm-in to PEDL 209 which will provide access to an additional 1.8 tcf total GIIP in the same play. At 8.16p on Friday the share price seems to have little in it for the shale gas exposure. One broker has set a short target price of 14p and this appears to be on the basis of the conventional prospects.
Egdon Resources share price data is direct from the London Stock Exchange
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