Egdon Resources Share Discussion Threads

[wilk1] 14/6/2015 15:23

At the moment it's the chart ? Could a return to the late teens be on the cards ?

[au24] 13/6/2015 22:03

wilk
What is it about EDR that floats your boat?
I have been in this company on and off since it first came on AIM and have seen some spectacular rises.

[lageraemia] 12/6/2015 20:21

Just a thought on the subject of Sirius Minerals.

If 'Prospect A' appraisal comes good, then that gas could go into a fertiliser feedstock plant to add Nitrogen to the POLY4........

[paleje] 12/6/2015 16:38

Good on you Wilk1, kindly keep buying I'm almost above water now:)

[wilk1] 12/6/2015 15:27

It's to do with Me picking up approx 150000 shares over the last 24 hrs.

[paleje] 12/6/2015 14:09

Is it to do with WH Ireland's note issued yesterday on Sirius Minerals' N. Yorks potash planning application, in the note they say they can see no reason why it shouldn't go through, the decision will come 30th June, an approval would bode well for us.

[au24] 12/6/2015 12:06

Any time now

[bckttsim] 12/6/2015 12:01

Wressle Well testing news ?

[19bells] 08/6/2015 18:38

Something is brewerying

[au24] 05/6/2015 18:32

Future looking good for us long termers.

[lageraemia] 05/6/2015 16:18

UK onshore crude grade as defined by gravity or API varies from basin to basin and from field to field.

Brent API is typically 38 degrees which make it 'light' crude.

The Wressle-1 well test said "The oil is of good quality with a gravity of 39-40o API".

That make Wressle slightly lighter than Brent. The discount or premium to Brent is likely to be minimal assuming the sulphur content is also comparable.

Wytch Farm (onshore) Dorset is slightly lighter at 41.

If you want to read a REALLY good book that explains all this, try Oil 101 by Morgan Downey:

hxxp://www.amazon.co.uk/372/dp/0982039204

[dan de lion] 05/6/2015 15:57

Brent crude is currently at $62, is EDR crude the same type of oil?

[bckttsim] 05/6/2015 13:25

EDR also have £6 mil in cash

[bckttsim] 05/6/2015 13:22

Yes EDR have 80%

[lageraemia] 05/6/2015 13:15

That's interesting - Celtique are now down to 0% as Union Jack (UJO) have increased their stake to 20% from 10%.

That now means PEDL 241 is now Egdon 80% and UJO 20% - fewer cooks to spoil the broth. UJO has cash to meet commitments so good news all round.

[bckttsim] 05/6/2015 10:47

Buys showing on ISDX

[bckttsim] 05/6/2015 10:44

Newshttp://www.rttnews.com/2508348/egdon-resources-to-buy-addl-40-stake-in-lincolnshire-licence-pedl241.aspx

[bckttsim] 05/6/2015 10:22

EDRThis 80% oil holding in PEDL242 is only 6 miles away from the Wressle-1 Well where Testing is About to start. There is oil around here ....proved .

[bckttsim] 05/6/2015 09:50

Very positive news here .....

[bckttsim] 05/6/2015 09:25

More news on way Wressle-1 Well Testing about to start .

[bckttsim] 05/6/2015 09:00

That's worth...........6,700,000 (Barrels) x £58 (today's oil price) = £388,600,000 80% = £310,880,000And when oil price goes back up a hell of a lot more.

[bckttsim] 05/6/2015 08:53

EDR now own 80% of 6.7 million barrel of oil !

[rogerlin] 05/6/2015 08:47

New announcement on Horse Hill.

[bionicdog] 04/6/2015 07:50

Glad you're laughing at your attempted humour , nobody else is.