Egdon Resources Share Discussion Threads

[currypasty] 07/1/2019 13:43

Egdon Resources plc (AIM:EDR) is pleased to announce the commencement of drilling operations at the Biscathorpe-2 exploration well on licence PEDL253 in Lincolnshire. The Biscathorpe-2 well was spudded today at 12:30 hours

[currypasty] 07/1/2019 08:37

Seriously lagging UJO now

[anley] 05/1/2019 12:09

This is all part of the 2019 plan and looks really good at the way the law is going to deal with this situation.........time to get tough.

Turned buyer yesterday afternoon and will sit and wait for more news.

[currypasty] 04/1/2019 21:24

"Opponents of Egdon’s operation at Biscathorpe have taken part in sit-down and slow walking protests outside the site this week as drilling equipment was delivered"

[msufi77] 04/1/2019 14:01

big buys over ask price load up

[anley] 04/1/2019 11:19

Thank you for the information which is most helpful in all of us understanding how undervalued this business is.

It is still unclear to me just how 2019 will pan out for the onshore frackers and drillers. I will sit and wait with my holding and if the price happens to go down and the news looks encouraging then I shall buy.

[currypasty] 04/1/2019 10:29

found these.. looking close to spud!

[anley] 04/1/2019 10:15

Someone has got out of bed so has the postman been with news?

[currypasty] 04/1/2019 09:12

update on Biscathorpe soon ?


-- Following completion of site construction - expected in early December 2018 - we will mobilise a conductor rig to set surface casing (the conductor).

-- We expect to mobilise the drilling rig immediately in early January 2019 with well completion expected in mid-February 2019.

-- The AGM Presentation includes further details on the Biscathorpe Prospect including the estimated range of Prospective Resources, a cross section and a comparison with the geology of the Reepham field some 20km south west of Biscathorpe, just to the west of our Fiskerton Airfield producing oil field.

-- At the Reepham oilfield, the Basal Westphalian sandstone reservoir thickens dramatically off a 'structural high' over a very short distance and a similar development of the target reservoir is expected at Biscathorpe-2.

-- The chance of success for Biscathorpe-2 remains 40% and the range of Prospective Resources is tabulated below (as estimated by Egdon).

Volumetric Input / Output P90 P50 P10 Mean
==================================== ===== ====== ======= ===============
STOIIP (mmbo) 7.52 29.50 142.00 56.00
------------------------------------ ----- ------ -------
Prospective Resources (mmbo) 1.84 7.30 35.30 14.00
------------------------------------ ----- ------ -------
Net to Egdon 35.8% interest (mmbo) 5.0

"We look forward to spudding the exciting and potentially significant Biscathorpe-2 well early in the new year into one of the largest remaining undrilled onshore UK oil prospects where stratigraphic trapping - if present - could lead to significant upside for oil resources"

[currypasty] 04/1/2019 08:32

28 nov wressle turned down.. has appeal gone in yet?

[leoboy] 29/11/2018 10:03

cheers anley - here is the link :

[anley] 29/11/2018 09:53

I would have thought that all shareholders would endorse what Mr Malcy has just said in his daily blog.

Please get the QC to settle a compensation clause when all parties agree the wording.

Egdon/Europa/Union Jack

"My cynicism of the local Council process the last time I wrote about Wressle was I’m afraid fully justified as yesterday the consortium announced that the North Lincs Council planning committee had overruled the professional planning officer and refused planning again. If ever there was an example of why these buffoons should not be put in charge of much more than road-sweeping this is surely it. Egdon and partners will surely get their permission but probably when the national authorities are put in charge but it is a shame that it should reach this state of affairs"…

Claire Perry the Minister needs to consider the national energy policy from central government and not have any aspects dictated from locals.......

[anley] 28/11/2018 16:56

Good to see action by EDR BUT make sure its WITH COSTS.......and look after your shareholders interests.

[paleje] 28/11/2018 16:28

Getting ridiculous.

[anley] 26/11/2018 09:46

Excellent and in my view this will pass with a subsequent rise in the share price BUT the owners also need to follow up with a start date and any new flow estimates.

We shall see what this management is all about.

[aubhil] 23/11/2018 07:27

Fasttrak planning?????

[anley] 22/11/2018 16:54

Thank you LEOBOY for your post.

I have been involved with many planning applications but there comes a point when you have stand firm and in this case that really has to be the case...sorry about the pun!

All the owners should jointly say to the authority that if this application is turned down then we will apply to have it put to another inspector and we will also request costs.

Cost to be huge and I for one would take the case on with my QC who I have worked with and the figure would be in 6 figures.

Come clean the owners of Wressles you have a great deal to gain and be brave.

[leoboy] 22/11/2018 13:25

Analyst Barney Gray suspects Wressle application could be 'in with a shot' this time :

[anley] 22/11/2018 09:42

and does the company go for FULL COMPENSATION if the application is rejected?

Mark Abbott should make this quite clear to shareholders and the Planning Authority.

We will know the outcome either late 28 or the next day Thursday 29 November.

[thebigchap] 22/11/2018 07:32

Wressle Development Recommended for Approval by Planners

Egdon Resources plc (AIM:EDR) is pleased to advise that its application for planning consent for the Wressle Development has received a recommendation for approval (subject to Conditions) from North Lincolnshire Council's Planning Officer.

This application will be considered by a meeting of the North Lincolnshire Council Planning Committee on 28 November 2018.

Mark Abbott, Managing Director of Egdon Resources plc, said:

"I am very pleased that the Council's Planning Officer has recommended approval of the proposed Wressle development, having diligently considered the significant body of additional work and improvements submitted as part of the application.

The Planning Officer was clear in his report where he stated "it is considered that this new application addresses the concerns raised at the public inquiry and that, as a result of the additional ground investigation, site reconfiguration and improved pollution mitigation and water monitoring arrangements, the reasons given by the Inspector for dismissing the previous appeals have been overcome. This conclusion is confirmed by the external technical experts (JBA Consulting) employed by the Council to carry out a robust review of the new application and its potential environmental impacts".

We hope that the members of the planning committee will agree with the considered recommendation of their professional planning officer (supported in this case by specialist advisers), the various regulatory authorities and statutory consultees and approve the application at next week's meeting."





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