Egdon Resources Share Discussion Threads

[fardels bear] 26/7/2018 12:12

You can't be called a basher for ramping, surely..

[bionicdog] 26/7/2018 12:10

The trouble is that anyone who questions the inane ramping of AIM resource stocks (including myself) , gets accused of being a paid basher. I wish I did get paid.

[fardels bear] 26/7/2018 10:51

Go and have a look at the GKP main board from when the share price was 90p.

[bionicdog] 26/7/2018 10:37

Out of interest. On what boards do you believe that "professional bashers" have been involved?

[fardels bear] 26/7/2018 09:13

Indeed. We've all seen boards where no negative views were permitted. And we've all seen boards where both amateur and professional bashers have moved in.Neither is fit for purpose.

[thebigchap] 25/7/2018 21:39

really jj? why do you feel the need to fill this board with such negativity? really no need at all.

[justjill] 25/7/2018 11:29

Don’t know how reliable the author or accurate the piece is ITS, but if accurate, then this would imply, for all practical purposes, that we should factor almost nothing into the EDR share price for shale at present.

That's because it would be a five-year(ish) minimum time-line before commercialisation could be declared, even after we would actually get cracking on something. Meanwhile we would have incurred any associated costs.

[thebigchap] 25/7/2018 11:28

nice post risky, good news for us holders, but really does not bode well for us as a nation. really starting to wonder if it is actually adults that we have running this country.

[itsriskythat] 25/7/2018 11:04

Irrespective of whether anyone is for or against fracking, interesting points made today about UK energy-security in 2030.

Note by Zac Phillips at share price Angel:

"Yesterday, Cuadrilla announced that it had been granted the approval to frack it’s Preston New Road well in Lancashire, which is good news for the Company and industry alike. Shamefully, this news can’t be heralded without the sanguine warning of what faces the UK in the future if we fail to capitalise on any successful testing of the Bowland.

Admittedly, Cuadrilla’s well is only the first in what will need to be a number of wells that will be needed to test the prospectivity of the Bowland shale, this is at least a start. Estimates suggest that at current consumption growth rates and decline rates in existing production, that the UK will import 600 TWh a year of gas in 2030, costing some £12bn annually, none of which will yield revenues for the UK Government. This is just the estimate of the delivered cost, transport, financing and storage margins will need to be factored when assessing the additional cost (over and above that of domestic production) to consumers.

To our mind, this is why energy security matters, and why the Bowland Shale is potentially a key element in all of this. We say potentially, because as we have seen with other shale series internationally, it is by no means certain that a shale series, just by fracking, will produce its hydrocarbons, commercially or otherwise. As a result, this well will need to be followed up with others to fully test the Bowland, which when coupled with the analysis, means that even if the Preston well is an unmitigated success, it will be at least another 5 years before the answers are definitive with respect to the overall prospectivity of the UK’s shale sequence.

That puts a declaration of commerciality optimistically at 2023. Add in supine ministers or parliamentary horse-trading and that number could easily double to 2028. Arguably the UK is already too late to avert the impending energy security and economic catastrophe, but at least the Preston New Road well is a step in the right direction.

Successive governments have been virtue signalling on fracking and oil and gas for years, but it’s now time for the UK government (from the ministers downwards) to start to put fact and science before hype and hyperbole (mostly based on skewed data sets and wilful misinterpretation of the identified studies), and put energy security higher up the agenda. Consequently, while yesterday's announcement is good news, that is has taken so long to get this far is a disgrace on a national scale, and today’s news needs to be put in the context of the scale of the failure thus far."

[anley] 25/7/2018 09:35

and today serious fracking starts near Blackpool...........thanks to the government getting off their backsides at long last.

Popping up to the East Coast to have a look at some southern North Sea gas licenses so back early next week.

[anley] 24/7/2018 11:47

More movement by the UK frackers - EDR holds 18.4% of the Holmwood, Weald Basin, Surrey license.

The principal holder has applied for planning permission (see announcement).

Good and helpful news and a slight price increase.............will continue with looking in to George Yates.............

[anley] 23/7/2018 10:43

.....and the company has as it will be submitting its conclusions to the O&G authorities soon.

When all that has past muster then the "book of rules" will be published and I expect this will then become part of the Planning Acts.

There seems to be more to this company than meets the eye as I continue to investigate.

[anley] 20/7/2018 15:30

Lets get this straight:

EDR come in and explore = permitted

then they find oil/gas and that is extraction = permission required

The reason for this is simple as it allows say EDR to produce a field plan and agree all the normal planning regulations such as safty etc.

It really is good news and the company should say so.

[guesswhosback] 20/7/2018 09:28

They will all be claiming they are fracking companies now. Lol

[fardels bear] 20/7/2018 09:28

I read that as being conventional exploration is given permitted development rights.

Not so fracking. That still would require permission and since every rabid dog and its master hates the idea of fracking (withough even knowing what it really is in the vast majority of cases), I don't see it easing the route to a thriving UK fracking market.

[anley] 20/7/2018 09:17

From the TIMES today...........

"Shale drilling boost............Shale gas companies could be allowed to drill in the green belt without planning permission as the government tries to boost the fracking industry.
Exploration would be regarded as "permitted development" in the same way as garden sheds. Companies would still need council approval to extract............."

Thats worth a few pence on the shares!!!!

[anley] 18/7/2018 12:39

Thank you for your most helpful link. I have had a good look and the following points arise:

There is according to the company over 2m barrels of oil with an extraction rate od 500 b oil per day over 15 years.

The way the report is written seems to suggest that the stuff is there but the way the planning application has been put together EDR means business not just for this application but other areas where it knows oil/gas can be found.

I view this as a positive not only for the company but for UK fracking.......get this right and we open the UK fracking industry.

One point is that 30% of Wressle is owned by EDR and the balance by others so I assume the costs of this expensive application is divided by who owns what per centage.

Other posters can estimate what this successful application will mean for the comapny and I look forward to a successful outcome.

[anley] 16/7/2018 14:02

OK I understand but in this case I could tell you more but let's leave that one for now and be positive as the only way to make money is to join all the dots together after careful reseach. You need to do that with CLNR but you wont find anything on that BB because all the top posters do it between themselves in private.

Back to EDR......

[fardels bear] 16/7/2018 11:50

I'm only teasing you. Whenever there is an award to Direcors of share options, or large salaries paid for doing best part of nowt, BB posters complain about snouts in the trough..

[anley] 16/7/2018 11:38

Could you enlighten me please "the trough"

Thanks......