| Date | Subject |
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19/11/2020
22:06 | nash81: sparkyboy
since you have sold EDR, you should now invest in EOG. as you well know, Wressle is coming and cash situation will improve signifcantly once Wressle is online.
alternatively, buy AST or PVR
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11/11/2020
10:24 | likeawalrus: curry I emailed edr this morning regarding prelims, Mark Abbott replied as follows:
"The results are in the final stages of being finalised and we expect to issue these towards the end of November. We will provide a notice of timing ahead of release."
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10/11/2020
07:35 | currypasty: https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-Biscathorpe-Planning-Update/83644894
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09/11/2020
20:34 | currypasty: interesting comment on another BB
"Rumour has it
Ujo sitting on side line ready to help edr out if needed "
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02/11/2020
10:12 | currypasty: If EDR can get Wressle producing at anticipated rates, they can either sell a bit, or get a placing away to keep the ship afloat..
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02/11/2020
09:59 | anley: The results will be interesting as we will be able to work out what the "break-up" value of the business is.
The other important issue will be the cost to the company when Shell comes calling for its 30% of costs on the 70/30 offshore deal.
What happens if EDR is unable to pay Shell? AND what is the value of an EDR share?
I suspect that Premier will pay as will the American shareholder but on terms that will wipe out the small shareholder..........this is usually the case.
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17/10/2020
00:04 | nash81: agree,CURRYPASTY16
I am in EDR, EOG and UJO. though i am more confident with UJO and EOG. EOG cash should be enough and Wressle will be online by Christmas, so money generated will be enough to cover operations. bonus IF they can get updates /farm out on irish and morroco. I decided to buy more EOG next week as share price is crazy low at 1p
On EDR, a bit of gamble but I do hope we will get uplift on EDR share price soon on the Wressle. news should be next couple of weeks.
CURRYPASTY 16 Oct '20 - 10:11 - 4115 of 4120
Ive bought a few more this morning, to get my average down. In my opinion its gamble on will they get Wressle producing, before the cash runs out. If they do, and if initial indications were good for the 500bls, then it should be worth a penny on the shareprice.
If the costs of wressle are high, and the payments for all this work and services are pressing, or first oil is delayed, they may be forced to look for immediate short term funds. The Company is not helping much as there is no update on exactly where they are up to...
On the positive side is a comment in Europas finals that they have enough cash to fund wressle to first oil, and they only had half a mil cash on the balance sheet a couple of months ago.
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16/10/2020
15:41 | anley: Only well funded O&E businesses will survive between now and the end of 2021.
The only use for EDR is as a small quoted shell company on AIM but that to could create problems so its best taken over for its tax losses and a small income which it gets at the moment.
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16/10/2020
06:32 | currypasty: https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-PEDL143-Relinquishment/83472812
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25/9/2020
09:31 | 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
