| Date | Subject |
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04/2/2021
13:33 | nash81: apparently we may have some activities for PDL 209. looking at recent RNS from MNRG which they also participated in PDL 209 whereby EDR is operator, we may hear some news on it soon. that should bring higher uplift to EDR share price
although now all eyes on Wressle
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26/1/2021
12:41 | thetoonarmy2: What about Ujo and EDR merging several common projects EDR small market cap £8 mill could be got quite cheap share swap roll it into one makes sense.
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26/1/2021
10:40 | likeawalrus: "DB can only say what he's told by EDR" are you sure about that??? db made his "oct def. oct" statement on 4th Aug at the same time as edr was saying Q4, anyway it's not important as long as wressle delivers soon, it's been a very long and sometimes painful wait.....
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26/1/2021
10:05 | likeawalrus: DB's "october, definitely october" came and went, edr's Q4 came and went, it wasnt until jan 6th that edr indicated end of Jan, I really hope that if the deadline slips (again!) edr immediately issues a new deliver date and an explanation, their credibility is in the spotlight imho, (as is db's), hopefully a non-issue, 3rd time lucky???
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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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06/1/2021
10:51 | nash81: I can see both EDR and EOG share price to rise at least a bag from current level. the cash/cln deal in EDR is with largest shareholders and they do want share price to rise.
i did top up few days back in EOG and EDR ;)
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05/1/2021
07:17 | jpuff: Egdon Resources PLC Notice of ResultsSource: UK Regulatory (RNS & others)TIDMEDRRNS Number : 5206KEgdon Resources PLC05 January 20215 January 2021EGDON RESOURCES PLC("Egdon" or "the Company")Notice of ResultsEgdon Resources plc (AIM: EDR, "Egdon") can advise that the Preliminary Results of the Company for the year ended 31 July 2020 will be issued on Wednesday 6 January 2021.An audiocast of the results presentation and business update will be available via the Company's website.For further information please contact:Egdon Resources plc Mark Abbott / Martin Durham 01256 702 292 Buchanan Ben Romney, Chris Judd 020 7466 5000 Nominated Adviser & Joint Broker - WH Ireland LimitedChris Hardie 020 7220 1666Lydia ZychowskaJoint Broker - VSA Capital Limited Andrew Monk (Corporate Broking) 020 3005 5000 Andrew Raca (Corporate Finance)Notes to Editors:Egdon Resources plc (LSE: EDR) is an established UK-based exploration and production company focused on onshore exploration and production in the hydrocarbon-producing basins of the UK.Egdon holds interests in 42 licences in the UK and has an active programme of exploration, appraisal and development within its portfolio of oil and gas assets. Egdon is an approved operator in the UK. Egdon was formed in 1997 and listed on AIM in December 2004.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDNORDZGGMLDRGMZM(END) Dow Jones NewswiresJanuary 05, 2021 02:00 ET (07:00 GMT)
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02/12/2020
10:53 | anley: Hi LIKEAW........that's your take but in the case of EDR there is little stock and a buy of say 500,000 would send the stock in to orbit BUT it would soon come crashing down.
Egdon is slowly becoming worthless unless it hits the jackpot. ONSHORE oil is not going to work - too little and all the time EDR will be trying to find reserves and fighting the government. Stop and think this trough..........
EDR have an OFFSHORE area which Shell have now obtained control BUT this is a long term proposition. WHY?
Shell have to run 3D over the area in 2021 then with all their other blocks they control have to put the picture together and this can be time consuming. Quite apart from that the permissions via the Oil&Gas Authority will take time and go in to 2022........then drilling ...............three years and what will EDR be doing in the meantime?
Its all a bit of a jigsaw and not a dealer/punters delight as RBD/UJO might be....but what happens if that's a sort of Duster????
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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
