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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 0.0% 1.60 1.50 1.70 1.60 1.60 1.60 16,995 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.0 -4.7 -1.5 - 5

Egdon Resources Share Discussion Threads

Showing 3876 to 3896 of 4400 messages
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DateSubjectAuthorDiscuss
15/7/2019
17:03
Thought at the very least that news like this would have got the share price above the open offer price especially considering that the RNS in February seemed to write it off. Surely we can only go up from here!
jasper2712
15/7/2019
16:12
A picture tells a thousand words, eh?
fardels bear
15/7/2019
10:34
Biscathorpe looks incredibly interesting. What's EDR's cash position like for the redrill? UJO are cashed up and ready to go. Humber director (and former UJO director) Fraser recently sold a lot of UJO, presumably for working capital injection into Humber. Once they get that 3D seismic reprocessed this could get VERY interesting.
lageraemia
15/7/2019
09:36
Surely completely oversold down here on all time lows. "The results of the revised petrophysical analysis and the APT Report have upgraded the Biscathorpe-2 well result, confirming the likely presence of a 35 metre column, of good quality oil, within the Dinantian interval."
ileeman
11/7/2019
07:54
That Bono is a right git.
lageraemia
11/7/2019
07:51
sparkboy1, excellent post, sums it up very nicely
itsriskythat
11/7/2019
00:54
sorry had a few bears Big Boris lol
sparkyboy1
11/7/2019
00:12
Bono? Que?
fardels bear
10/7/2019
18:14
Not much fun here is it..
robs12
01/7/2019
12:21
That may be a true remark but you have to factor in the POLITICAL risk. When can the government take new decisions? What if a Labour government manages to win? When will a Conservative government put new policies in place if they win? Be careful BUT in my view and I have said this on several occasions that the either Premier Oil or MR Texas take this over and consolidate the Onshore Industry.
anley
28/6/2019
07:57
See today's RNS from IGas. It looks like the government will be taking future decisions due to shale being of major importance to the economy. Good news for IGas and its partner Egdon.
itsriskythat
27/6/2019
10:50
Yes they want a new farm in partner predrill acc to Aprils results. Dependent upon securing a further farm-out, we hope to drill the North Kelsey Prospect (PEDL241 – Egdon 80%) in the next 12 months
ohisay
27/6/2019
10:38
Hi guys Have EDR mentioned anything about North Kelsey in terms of timescales? My understanding is that council have failed to prevent drilling. My assumption is that EDR are unlikely to carry 80% into the well, so farm down will come before drill announcement?
lageraemia
27/6/2019
10:33
I've been buying more this morning.Other than the potential resource estimate from IGas/EDR due next quarter on Springs Road ,plenty of other catalysts for rerating here.Worth recalling the VSA note from last month.. EDR announced earlier this year the publication of an updated resource at Resolution demonstrating Contingent Resources of up to 389BCF and average Contingent Resources of 231BCF. The company is progressing discussions with potential partners for the acquisition of 3D seismic. Strong production was maintained into April with the recent production update showing average production in 4mo18 of 238bopd. We believe the success of the Open Offer, underpinned by support from EDR’s strategic shareholders Petrichor and Premier Oil (PMO LN) demonstrates their confidence in the company’s asset base and the potential of the shale industry in the UK despite recent negative sentiment. Following the issue of the Open Offer Shares, the Company will have 303,315,625 Ordinary Shares in issue and we have adjusted our year end forecast cash position to £3.3m.
ohisay
27/6/2019
09:16
VSA - Broker comment... Having recently completed an open offer which raised £1.9m on a net basis the company is in a strong position underpinned by a significant production uplift in 2019 driving a stronger revenue and earnings outlook YoY. With a strengthened balance sheet EDR is well placed to capitalise on the results from Springs Road as well as to continue to progress other key areas of its portfolio such as Resolution. Our current target price of 39p is dominated by our shale acreage valuation which accounts for 27p of the total. The market has to date given little credit to this part of EDR’s portfolio, however, we believe that these latest results should drive a significant rerating of the stock particularly as our valuation of US$787/acre was based primarily on transactions for shale acreage which had only been modestly derisked. More advanced acreage typically trades closer to and in excess of US$2,000/acre. We note that EDR acquired much of its acreage for US$200/acre or less. NB.Gas content of 24-131scf/ton averaging 71scf/ton versus typical values of 40-150scf/t in the Marcellus. We also highlight that Cuadrilla’s Preston New Road yielded an average of 40scf/ton. https://www.proactiveinvestors.co.uk/columns/vsa-capital-market-movers/31023/vsa-capital-market-movers---egdon-resources-31023.html
ohisay
27/6/2019
08:28
This paper is a bit of a legend to Falcon Oil and Gas shareholders, as it justified the further appraisal of their assets in the Beetaloo Basin, Australia.
itsriskythat
27/6/2019
08:25
When I said the Gainsborough Trough data compares favourably with the Marcellus, here is the source of the information, Table 1: https://geoscience.nt.gov.au/gemis/ntgsjspui/bitstream/1/82730/1/AGES2016_Close_et_al.pdf
itsriskythat
27/6/2019
07:55
about time we had a break
currypasty
27/6/2019
07:40
This is really excellent news for Edr shareholders.
ohisay
27/6/2019
07:32
I've checked independently with other data and results compare favourably with the Marcellus.
itsriskythat
27/6/2019
07:25
From today's RNS - Springs Road-1 Well Results "The results from this extensive modern core dataset demonstrate that the Bowland Shale of the Gainsborough Trough, where Egdon holds 82,000 net acres, compares favourably with some of the best US commercial shale operations and is potentially world class".
hutch421
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