| Date | Subject |
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20/7/2021
10:41 | currypasty: Egdon Resources plc (AIM: EDR) is pleased to announce that at the General Meeting held at 10.00 hours today Shareholders approved all the resolutions proposed in the notice of general meeting sent to Shareholders on 1(st) July 2021
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19/7/2021
07:15 | currypasty: https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-Biscathorpe-Update/85612944
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13/7/2021
10:39 | currypasty: https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-Notification-of-Major-Holdings/85572485
9.9164
down to
3.8625
some dump! or is it due to placings ?
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02/7/2021
09:32 | rnstranslator: is that the bottom then?
If the squeeze delivers 500 bbls/day then it probably is for 6-12 months, if it doesn't I can't see how they can reasonably continue.
Someone should put all these UK onshore players ( EDR, EOG, RBD, UJO, ANGS) together, get rid of 4/5ths of the management teams/Boards and try to make a go of it by cutting overheads, returning the cashflow/sales proceeds back to shareholders and stop chasing their pipe dreams.
Let shareholders vote for the management/Board they want rather than the self selecting Egotists who quite like the title, pay and bonuses and Board lunches...
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30/6/2021
09:26 | grannyboy: They have all done it.. RBD.. UJO...and now EDR.. They delay releasing news when, it's usually a fundrsise, or to facilitate some other 'corporate activity'.. Like alotting Corallian shares in RBD so they can cash in their worthless shares..
They all appear to be in it unison.. The companies, the brokers and the mm's..
It stinks to high heaven!
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29/6/2021
15:11 | currypasty: https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-Wressle-Update/85469720
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12/6/2021
19:03 | anley: EDR has no money only debt and the management gambles on the Shell deal and what it means as and when commercial GAS is found in 2023/24....a long time to wait.
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26/1/2021
09:23 | currypasty: Hi Laz, nice to see some 'new' posters on here. Unfortunately starting at day one at 30p could give you the impression that this Company has been a complete and utter waste of time and money.. correct
Like its partner in the Wressle project, Europa oil and gas, its been one very long history of failure, blue sky dreams and placings at ever decreasing prices. Many sets of directors have had well paid jobs throughout though, as they come and go!
Whats the point of investing now then, I hear you ask? Well, it seems that the Wressle project is about to come on stream THIS WEEK! This is after years of operational issues, planning issues, funding issues, historical partner issues, and poor oil prices at times.
The well has flowed, its not a test this time, but actual production of expected 500 bopd, split 30% EDR, 30% EOG, 40% UJO.
That 500bopd is a constraint by the planning due to short term, the oil having to be trucked away. That glass ceiling could be moved by new operational methods, and an updated planning application. One possible way forward is a pipeline to nearby facility.
Here, the shareprice has been hit as it was clear last Autumn cash was thin (company RNS and recently accounts). People expected a discounted placing.
However, good old UJO stumped up a 1 mil loan, to get the job done as they are a partner. Also edr biggest shareholder stumps up another mil loan. So funding is now sorted.
Various brokers have put ridiculous target prices on edr, but even if they are a half or quarter true, edr should motor from here.
What else have they got? Biscathorpe is the next 'blue sky' project, which sounds like getting going shortly with the planning appn.
all, IMHO, after 14 years involved here (longer than a lot of the directors)
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10/1/2021
19:44 | nash81: i think EDR and EOG will start serious rising next week.
oil price has risen massively from $40 a couple of mths back and now reaching $60
also Wressle news finally here next week and we saw UJO added large increase in MCAP last friday yet EDR and EOG only added tiny amount
Wressle stake:
UJO 40%, 38m mcap
EDR 30%, 5m mcap
EOG 30%, 5m mcap
nicely said in twitter:
Just for a bit of context at how undervalued #EDR is, #UJO added nearly double Egdon’s market cap to its value today - and #EDR hasn’t moved yet. Both will have a good week next week #Wressle #Biscathorpe #NorthKelsey
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25/9/2020
10:31 | rnstranslator: Curry
As you say UJO rolling in cash.
DB always going on about Wressle and Bisc.
I could see him doing something to get more of Bisc. and to help the paupers here keep the lights on.
My starter for 10:
1 Farm-in to more of Bisc. relieves EDR of need to fund Bisc, but doesn't solve cash shortage.
2 Buy more of Bisc, partly solves both problems at least temporarily.
3 Subscribe to an EDR placing say £1.5mm at 1.8p, gives UJO ~20% of EDR and all of EDRs stuff, claim at least one Board seat and replace the fossilised NEDs, and kick the Exec's up the A*se to perform. Cash shortage solved.
4 Merge UJO and EDR, not sure EDR NEDs and Execs would ever support this, even if the NEDS were awake!
I'd prefer 3, but its gutsy move.
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PLUS1
