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
  +0.00p +0.00% 8.25p 8.00p 8.50p 8.25p 8.25p 8.25p 47,436 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.0 -1.7 -0.7 - 21.36

Egdon Resources Share Discussion Threads

Showing 3651 to 3671 of 3675 messages
Chat Pages: 147  146  145  144  143  142  141  140  139  138  137  136  Older
DateSubjectAuthorDiscuss
06/8/2018
15:54
I noticed all sells today so was unable to buy at 7.5p.....that's my new limit.
anley
06/8/2018
15:53
Well what a surprise!!!!!!..........several old people with a board!!!!!!........this does not work anymore.....NIMBY's I believe. In my last 2 planning wins I had a whole town out with their dogs but the Inspector ignored them when it came down to how and what they could say when cross examined. That broke them and it will here. To mount a case they would need to show £50,000 cash and a sum to pay costs say the same again = that is how costly it is to bring a Judicaial Review and again they will be told NO. That will be based on government policy towards discovery/fracking onshore in the UK - not Scotland by the way. The game is on HM Government to institute its directive towards granting planning permission provided a good and clear case is produced..........lets leave it at that until we have further news. Thank you ITSRisky......for posting this news please keep the BB posted.
anley
05/8/2018
13:08
Saying there's uncertainty with both Wressle and Biscathorpe at present, but things might be clearer in a few weeks.
itsriskythat
05/8/2018
13:03
A potential headwind to Egdon getting going with drilling at Biscathorpe is a legal challenge: https://www.crowdjustice.com/case/sos-biscathorpe-fomad-funding/
itsriskythat
05/8/2018
09:59
Well they're cheap in my opinion anly, and yours too from the sound of it. But I'm ignoring the shale potential, which would be cream on the cake. They are cheap on conventional assets and I think that's the safest way to look at it. How cheap? Abbott said 35p conventional so I should think they could double from here and still be good value. And that's regardless of fracking or any possible change of government. I hope it's the market missing something and not us:)
paleje
04/8/2018
14:53
If you think Corbyn is going to head the next government then you should sell now BUT before you do think about all the + & - this decision will produce. In the meantime and this government will survive its full 5 years then think about what the UK oil/gas fracking and exploration industry will look like. So what is happening today.......... Cuadrilla becomes the first UK operator to have been awarded final consent to hydraulically fracture an onshore horizontal shale exploration well in the UK. On 24 July 2018, the Department for Business, Energy and Industrial Strategy awarded Cuadrilla consent to fracture the first of two horizontal wells at Preston New Road (PNR) well site. The company will now apply for consent to fracture the second of two wells drilled at PNR. Cuadrilla has previously indicated that initial results from a 90-day flow test are expected in Q418. The valuation of UK shale assets remains uncertain; however, our recent analysis indicates a 67% chance of commercial success (NPV15>0), which appears to be materially higher than current market expectations suggested by the valuations of listed small/mid-caps including AJL, IGas and Egdon. So are EDR cheap or is the market missing something?
anley
02/8/2018
15:35
Central Govt override required I absolutely agree, trouble is the longer this draws out the more the risk of a different central govt grows and that would almost certainly have an adverse effect. 35p without shale still leaves a fair upside and I'm sure MA will be looking to build on that.
paleje
02/8/2018
14:58
Well at least that is what you think but this is getting to a stage where Central Government policy is at stake. The question we all have to ask is how committed is this government in developing UK onshore oil/gas development and alongside this fracking. I have listened to the Union Jack Oil CEO today (they have 27.5% in Wressles) and he to be frank is very weak in how to deal with local councellors. Just as a side issue I would think that EDR should mop that company up and start to consolidate this newly forming UK industrial sector. Anyway if the shares fall any further I may buy as it would not take much to buy up all those loose shares which the broker had to buy in before the No Decision. Who got stuffed up there?
anley
02/8/2018
11:26
It gets so personal with these councils, anley, I've been through the planning hoops a couple of times too with licenses premises and when there's a swell of local opposition and they drink in the same watering holes they band together. I was surprised MA didn't attend, they tend not to like that either when the main man seems to slight them. Anyway yes subdued share price again but it's on sentiment not logic. I'll add when I can, might dip a bit more yet.
paleje
01/8/2018
20:40
I also think that 3i inf selling out was a blow. I've been in here ages with quite a large stake for me getting from loss to profit and back to loss again and repeat again etc. Frustrating indeed!
jpuff
01/8/2018
16:12
Thanks Aubhil and Paleje. The Sen management clearly have very pooooor political antena. How did they not have a feel that the feeling against EDR was so blooooming strong. The politicians basically hate EDR!
justjill
01/8/2018
15:51
need to get the appeal in quick then!
currypasty
01/8/2018
15:46
Thanks aubhil. Says refused unanimously. https://drillordrop.com/2018/08/01/live-updates-decision-meeting-on-egdons-bid-for-more-time-at-wressle-oil-site/
paleje
31/7/2018
15:38
I shall, can't do it live though.
paleje
31/7/2018
15:33
So watch out for the Drill & Drop report..........
anley
31/7/2018
11:48
Thanks Curry. Are we likely to get a definitive outcome tomorrow then? I thought it would be several weeks. If it does get a green light then surely we should be nearer twice current price which would still leave us well below MA's estimate even allowing no actual value for the fracking but the lifting of a cloud.
paleje
31/7/2018
11:11
planners said the facilities and infrastructure currently on the site were not “highly intrusive” and did not have a “significantly detrimental impact on the character and appearance of the area”. They concluded: “Given the relatively modest duration of the proposed extension to the restoration period, the lack of demonstrable environmental harm as a result of this extension and the financial implications of potentially abortive work should the extension be denied, it is considered that, in this instance, there are material considerations which outweigh the identified policy conflicts.” https://drillordrop.com/2018/07/28/restoration-of-wressle-oil-site-not-commercially-viable-while-new-production-plans-are-pending-egdon/
currypasty
31/7/2018
11:04
Planning Committee - 1 August 2018 PA/2018/794 Mr Mark Abbott, Egdon Resources UK Ltd Broughton Broughton and Appleby 2018_794
currypasty
31/7/2018
10:52
Lets have a gamble and ask ourselves "what will be the price once the planning committee agrees the reccomendation of the planners?" Will that clear the "disproportionately sentiment"? If it does then for me 20p.....
anley
30/7/2018
18:56
A couple of months ago MA said he thought conventional assets were worth around 35p, he also said fracking could add around 14p to that. The Wressle case is disproportionately affecting sentiment, hopefully it will be gone by October if not sooner.
paleje
30/7/2018
17:37
It all starts on WED 1 August 2018 with the link below. Please not that the planners are going for approvals so if this being the case and all goes well then a decision at the end of the meeting and news to shareholders after. But what happens to the 1m shares floating about...........?????? http://webarchive.northlincs.gov.uk/councilanddemocracy/committees/planning-committee/planning-committee-reports/planning-committee-1-august-2018/
anley
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