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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% 1.55 1.50 1.60 1.55 1.55 1.55 0.00 08:00:12
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 4126 to 4148 of 4375 messages
Chat Pages: 175  174  173  172  171  170  169  168  167  166  165  164  Older
DateSubjectAuthorDiscuss
29/7/2020
08:26
Im sure the partners are pressing too. I will see if I can speak to somebody and ask the question.
guesswhosback2
29/7/2020
08:16
many who have followed all this for many years will know Ruth Hayhurst from her reports in drill or drop https://drillordrop.com/ Fair play to her for finding this sort of information out poor show on EDR part (IMHO) for the time taken, as even once rig details submitted, could be a lengthy wait for council to approve .. Timing of oil H2 looks tight now
currypasty
29/7/2020
08:13
thanks to wba1, on ujo for finding this freedom of information request by Ruth Hayhurst to N. Linc council https://www.whatdotheyknow.com/request/672031/response/1607158/attach/html/4/Information%20Disclosure%20INF%202006051.pdf.html wba1 suggests "condition 5, which requires details of the drilling rig to be approved by the council, is not yet submitted." Seems a poor show if we have not even got this far
currypasty
23/7/2020
15:53
I would be expecting an update maybe early August to tie in with the three months bore hole monitoring period end. Im still mindful of their cash position, namely 31st jan period end had £781k + £500k placing + £120k NLC, so about £1.4m Looking at the interims costs, 576k on admin, and 737k direct production costs, with sales of 675k for 6 months.. Since then oil/ gas prices crashed.. I cant see how they have any cash to actually fund Wressle...
currypasty
15/7/2020
19:35
"the Company envisages first oil during H2 2020" With the ground water monitoring still going until mid August and it looks as if it will be late H2 before oil production starts
jasper2712
07/7/2020
17:34
Cantor had to go as they have withdrawn from being AIM company promoters but only to be replaced by WH Ireland who will do what.......?????? and be paid for doing f.....all.
anley
07/7/2020
17:32
Yet one director buys at 2p............!!! Not a great big deal but like most of these Private PLC it makes the director look good in the eyes of some punters. I have asked the value of this business question before and it seems to be going down all the time. Premier Oil have a stake as do our USA friends who from time to time bank-roll the company. But what this company needs is to be taken over and stripped of its cost base and management team and any asset not able to produce a decent return sold. Just keep what brings in the cash flow but do no more exploration as one will always be fighting the planners and environmentalists - go offshore with a decent operating company and maybe everyone will get their capital back................
anley
07/7/2020
09:55
always a bit fishy when tiny companies need 2 brokers... usually means the new broker has been hired to look for more cash.... they must be running on fumes again, wressle will take cash to get to actually pumping. ..all imho
currypasty
29/6/2020
09:15
https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-REPLACEMENT-Appointment-of-No/82743626 now they have issued a replacement rns without the directors dealings great start WHI !!!
currypasty
29/6/2020
07:24
Cantor Fitzgerald given the boot, well now just joint broker interesting WHI included the director dealings which were mentioned by CF in april but only as combined directors, not individual purchases. (in the placing subscription)
currypasty
29/6/2020
07:20
The Company is pleased to announce the appointment of WH Ireland Limited as Egdon's Nominated Adviser ("Nomad") and joint broker.
currypasty
25/6/2020
15:40
Union Jack Oil acquired 3% of Biscathorpe in a deal with Egdon Resources Ltd and another 3% in a deal with Montrose Industries Ltd. That accounts for 3% of EDR's drop. Where did the rest of it go? Also I see that Union Jack Oil is expanding its ownership of the Wressle oil field development project, with a deal to acquire an additional 12.5% interest from Humber Oil & Gas Limited for an initial upfront payment of £500,000.
jasper2712
25/6/2020
14:45
"Mark Abbott, Managing Director of Egdon Resources plc, commented: "We are pleased that agreement has been reached with Humber, enabling the project to now move forward with full support from all partners. Having retained the wellsite, the JV has maintained its optionality to pursue a cost effective side-track to test the resource potential of not only the Basal Westphalian Sandstone play, but also to appraise the oil column demonstrated in the deeper Dinantian Carbonate reservoir. Our detailed work has concluded that a potentially material and commercially viable hydrocarbon resource remains to be tested at Biscathorpe. We look forward to providing further updates to shareholders as the Biscathorpe project develops." It looks like the Biscathorpe side track is going ahead, could be very exciting!
currypasty
25/6/2020
09:10
In Egdon’s 2019 accounts (Note 17) Trade and Other Receivables) state that Humber owed the partnership a total of £780,000 of which £327,200 was due to Egdon I would assume that with Humber selling off parts of its assets to ujo, and rbd it can now pay up.. Good news for EDR, in my opinion as they must have been running on fumes looking at their accounts.
currypasty
24/6/2020
09:54
Company USED TO hold a 44.75% NOW HOLDS 35.8%. Did they lose this dispute? Also notice that UK Oil have upped their stake by buying into it.
jasper2712
24/6/2020
07:28
https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-Humber-Oil-Gas-PEDL253-Bisca/82716445
currypasty
23/6/2020
19:35
"with an initial three months of sampling to determine baseline groundwater quality." This was from May 13th so a few months to go before any major activity on the site. "the Company envisages first oil during H2 2020". Looks like they are going to be behind target but with the price of oil it was probably prudent to delay production short term.
jasper2712
14/6/2020
19:31
Have they resolved the issue with Humber? The last time I heard anything Humber was reneging on a payment that was due to EDR
jasper2712
13/6/2020
23:26
Um what about Wressel income?
guesswhosback2
13/6/2020
12:05
Shell obviously think that there is something worth pursuing in this area Energy supply is still very much dependent on gas
jasper2712
12/6/2020
10:30
If you look at the Shell deal and where the EDR license is you will also notice that out at sea there is a huge area which is what Shell are closely mapping. The problem with all of this research by Shell is a timing one. I think that by the end of this year 2020 Shell we have more knowledge and a feel as to what is in this area of the Southern North Sea and so will Deltic Energy where Shell paid nearly £10m for 3d seismec work last August 2019.......that gives you some idea as to the time it takes to arrive at conclusions. In the case of EDR I would guess that in 2021 some work will have been done but the excitment of a new gas field will be in 2022. A very tricky time for EDR shareholders with oil/gas prices as it will be for the rest of this year me thinks.
anley
08/6/2020
09:23
https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-Update-on-Licences-P1929-and-P/82614030 https://uk.advfn.com/stock-market/london/union-jack-oil-UJO/share-news/Union-Jack-Oil-PLC-Acquisition-of-Further-Interest/82614127 all go this morning
currypasty
08/6/2020
09:19
Egdon to Move Forward With Shell Farm-In After Licenses Extended Share On Facebook Print Alert By Jaime Llinares Taboada Egdon Resources PLC said Monday that it will move forward with Royal Dutch Shell PLC's farm-in for its offshore U.K. Resolution and Endeavour gas discoveries after the licenses were extended. The London-listed company said that the Oil & Gas Authority extended licenses P1929 and P2304 to May 31, 2024 subject to exploration targets. The group said that, following the operation, it will retain a 30% stake in the licenses, and Shell will pay 85% of the 3D seismic survey and 100% of all studies and manpower costs through the well investment decision. Shares at 0710 GMT were up 0.05 pence, or 2.4%, at 2.15 pence. Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT (END) Dow Jones Newswires June 08, 2020 03:36 ET (07:36 GMT)
florenceorbis
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