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EDR Egdon Resources Plc

4.40
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Egdon Resources Plc 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
  0.00 0.00% 4.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Egdon Resources Share Discussion Threads

Showing 3126 to 3147 of 5375 messages
Chat Pages: Latest  131  130  129  128  127  126  125  124  123  122  121  120  Older
DateSubjectAuthorDiscuss
17/12/2015
16:23
best two blocks probably SE31c and SK59b (both 15% interest, and with Total among the partners) ... these are in the highly prospective Gainsboro Trough .. good acquisition ..
taudelta1
17/12/2015
13:09
OGA Map, 'Clicky-link';-
2baffled
17/12/2015
13:01
.You have new licences in Lincs ?
With thanks to:
2baffled
17 Dec'15 - 12:40 - 628 of 629 0 0


OGA interactive map, '14th. Round'.

[accept t&cs, then expand/zoom map and click on a block to see awardee].

hxxps://decc-edu.maps.arcgis.com/apps/webappviewer/index.html?id=29c31fa4b00248418e545d222e57ddaa

haydock
17/12/2015
08:34
Permission in Nottinghamshire????
jackall
16/12/2015
18:28
Good news from the government today
19bells
16/12/2015
09:49
I gas may have a drill in N. Notts accepted ?
Recommended by the officers.

Plan by IGas for shale exploration at Misson in Bassetlaw.

haydock
16/12/2015
09:40
come on folks, wakey wakey ... look at the IGAS share price this morning, but DYOR ... GLA ..
taudelta1
14/12/2015
09:02
You wonder sometimes why they are called "market makers". Just look at the spread on this share price sometimes. It just destroys any sense of "trading".
gerhart
03/12/2015
13:48
New presentation up on website today ... several prospects seem to have been upgraded in terms of prospective mmboe ..
taudelta1
30/11/2015
17:36
Some excitement at Horse Hill, any success will surely be reflected at Holmwood.
rogerlin
27/11/2015
12:02
yes!! ..and if half the market cap is ascribed to unconventional, that works out at just £62/acre, or $93/acre .. ridiculous considering top quality acreage in the Widmerpool and Gainsborough .. one to own in 2016 as central government now holds the key, IMO, DYOR, GLA ...
taudelta1
27/11/2015
09:01
hxxp://www.blackpoolgazette.co.uk/news/business/local-business/breaking-fracking-decision-in-lancashire-to-be-made-by-secretary-of-state-1-7593163
haydock
25/11/2015
08:45
Thanks for keeping us informed apfindley.

AGM a week tomorrow and I expect to attend.

whackford
25/11/2015
08:24
"The Laughton-1 well will target a structural trap at a depth of over 1500 metres below ground level defined on 2 Dimensional seismic data. The prospect has multiple conventional Carboniferous sandstone reservoir targets with the primary objective being the Silkstone Rock, an approximately 15 metres thick sandstone interval which is productive in the Corringham oil field 5 kilometres to the South East."
rogerlin
24/11/2015
21:08
Just a heads up folks.Truck mount drill now onsite at laughton1 pedl209.Reaming out for surface casing/conductor.So expect spud news in a week or so.Will update when main rig arrives onsite to replace truck mount.
apfindley
24/11/2015
19:28
UKOG enthusiastic about Holmwood.
rogerlin
24/11/2015
09:56
Well since the application in N. Yorks has just been put off until Feb, is it time for her to do what she has the power to do now & make the decision ?
haydock
18/11/2015
17:07
From Energy Minister's speech today ... "Of course we can’t be complacent. We currently import around half of our gas needs, but by 2030 that could be as high as 75%. That’s why we’re encouraging investment in our shale gas exploration so we can add new sources of home-grown supply to our real diversity of imports. There are also economic benefits in building a new industry for the country and for communities. Our North Sea history means the UK is a home to world class oil and gas expertise, in Aberdeen and around the UK – we should build on that base so that our shale potential can be exploited safely."
taudelta1
17/11/2015
13:39
Was that 500,000 a buy or sale
joshuam
15/11/2015
12:57
An article from February?
bionicdog
15/11/2015
11:40
OPEC sees oil prices exploding to $200 a barrel

Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC’s Secretary-General Abdulla al-Badri we’ve already hit bottom. Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. He’s far from the only one that sees a return of triple-digit oil prices.


Finding a bottom

According to the Secretary-General, speaking in London on Jan. 26, the oil market doesn't need to look for oil prices to bottom as the market has already bottomed. Instead, he offered quite bullish comments by saying, "Now the prices are around $45-$55, and I think maybe they [have] reached the bottom and we [will] see some rebound very soon." Now, normally that type of remark would be just another layer of noise, but this is coming from OPEC's Secretary-General so it comes with a lot of weight behind it.

That said, he's not saying that OPEC will come in and rescue the oil market by reversing its previous decision to hold steady on production. Instead, he sees the signs that the oil market is self-correcting as oil companies have made deep cuts to spending, which will eventually lead to lower production growth. Further, the rig count in the U.S. is plunging, which is usually a key to a bottom in oil prices. However, in the midst of cutting back as the industry works through the current oversupply the Secretary-General is now warning that the industry is putting future oil supplies at risk by under investing today.

Underinvestment leads to a shortage

The Secretary-General said that, "if you don't invest in oil and gas, you will see more than $200" when it comes to future oil prices. While he didn't give a timeframe, he did note the correlation between investment and future production. This is because oil production naturally declines and oil companies need to invest in new production to not only replace this decline in production from legacy oil fields but to add new production to meet growing demand. However, oil companies are reluctant to invest in new production as their cash flows decline.

Over time this could become a problem as oil fields around the world naturally decline by an average of about 5% per year. In order to overcome this decline oil companies need to develop about 200 billion barrels of oil supplies over the next decade and a half just to meet demand.

These supplies will require the industry to invest $7-$10 trillion. However, with the big capital budget reductions oil companies have announced this year it could make it harder for the industry to meet future supply needs. In fact, the industry might defer up to $150 billion oil projects this year due to the collapse in crude prices. Many of these investments, however, wouldn't have yielded actual production for a couple of years due to the long lead time of major projects.

As an example, Chevron delivered first oil on two of its Gulf of Mexico projects late last year after beginning construction on the fields in 2011. Meanwhile, another $6 billion project it just sanctioned at the end of last year won't produce any oil until 2018. It's these long lead time projects that are being delayed, which is setting the world up for higher oil prices in the future as an under investment today has the potential to lead to a constriction in future supplies.

Investor takeaway

OPEC's Secretary-General is calling the bottom in oil prices. While he's not the first to call a bottom, he does lead the organization that currently controls the oil market so his comments do have a lot of weight. Further, he's also suggesting that the cuts that oil companies are making could have a dramatic impact on future oil prices as the under investment has the potential to cause oil prices to rocket higher if demand grows faster than future supplies. That, however, would all be part of OPEC's plan as it purposely pushed for lower oil prices now so it could control market share once oil prices surged in the future. It's willing to endure short-term pain for the potential of a big long-term gain.

dan de lion
12/11/2015
21:06
WHEN DO U EXPECT TO C PROFITS?????


LOL

fox you
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