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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
  0.08 2.84% 2.90 2.80 3.00 2.90 2.90 2.90 222,312 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.1 -1.7 -0.5 - 15

Egdon Resources Share Discussion Threads

Showing 4276 to 4297 of 5225 messages
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DateSubjectAuthorDiscuss
12/1/2021
09:44
Waddock Cross look interesting!! I wonder in Dave and Graham at UJO are running a slide rule over that - EDR can't cover the cost of a side track I suspect.
lageraemia
12/1/2021
08:36
https://www.proactiveinvestors.co.uk/companies/news/938057/vsa-capital-market-movers---egdon-resources-938057.html



This will be constrained initially as part of the commissioning process hence the full impact does not come through immediately. This provides EDR with reliable, substantial and stable production and revenue which will be important for investor confidence after the challenges of recent months. With this platform EDR is better positioned to advance its development portfolio and realise value at key assets including Biscathorpe, North Kelsey and Resolution / Endeavour.

We reiterate our Buy recommendation and 22.5p/sh. target price.



Oliver O'Donnell, CFA, Head of Research & Natural Resources Analyst

currypasty
12/1/2021
08:31
found on twitter, Id give credit for it, but not sure where originated from
currypasty
12/1/2021
08:31
with recent rise, mcap now over £6m. But that is IMHO, way too cheap considering..

cash on hand
£0.85M cash at bank as per recent annual report
£1.00M loan from UJO.
£1.05M convertible loan note by largest shareholder.
£0.1M from UJO for North Kelsey due in next 3 weeks.

currypasty
12/1/2021
08:13
Union Jack/Egdon

A Wressle update from the operator today where they state that the workover rig and associated services and equipment were successfully mobilised to site during the week commencing 4 January 2021 and that operations to recomplete and reperforate the well have commenced.

Operations are expected to be completed to enable the Ashover Grit reservoir to be flowed prior to the end of January 2021 as previously advised. The Ashover Grit reservoir is expected to produce at a constrained rate of 500 bopd increasing Egdon’s 30% of production by 150 bopd and Union Jack’s 40% by 200 bopd when fully on stream.

Both companies will benefit but it is worth noting that with Biscathorpe and West Newton up their sleeves UJO are looking astonishingly cheap at this level.

https://www.malcysblog.com/2021/01/oil-price-iog-union-jack-egdon-block-energy-and-finally/

currypasty
11/1/2021
22:03
agree. the main news is still yet to come later this month.
many shares in sticky hand, so any decent volume we will see huge spike.

we are still far away from 52wks high of around 6p. time to get back there imho

nash81
11/1/2021
16:41
Good day for EDR, still very undervalued, IMO

4.4 million traded so its blown a few cobwebs out.. last trade 200k at over ask!

currypasty
11/1/2021
13:42
broker target 35p for EDR !

even applying discount, say at 10p, still multibag from 2p

https://twitter.com/DavidMlondon/status/1348623632411537408

nash81
11/1/2021
10:28
Yep, good luck too. Hoping for a get out of jail free card here or better. You never know.
jpuff
11/1/2021
10:13
same here mate, I think like EOG my average is about 5p Not sure if I will ever get that back, but has potential now, after some lean times.
currypasty
11/1/2021
10:09
Just added a few more to average down my overall holding which is still in the red by quite a bit! Dyor
jpuff
11/1/2021
10:07
There is a drone footage video on UJO website fro Wressle... looking good!

http://unionjackoil.com/

currypasty
11/1/2021
08:57
a quick look at mcap's after that rns

UJO 34.7m 40% wressle
EOG 7.1m 30%
EDR 5.7m 30%


seems to me at this moment in time EDR is good value, especially considering it has secured funding to tide it through. I did try to buy some more, but market makers weren't interested..

currypasty
11/1/2021
08:31
https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-Wressle-Operations-Update/84059281
currypasty
10/1/2021
19:44
i think EDR and EOG will start serious rising next week.
oil price has risen massively from $40 a couple of mths back and now reaching $60

also Wressle news finally here next week and we saw UJO added large increase in MCAP last friday yet EDR and EOG only added tiny amount

Wressle stake:
UJO 40%, 38m mcap
EDR 30%, 5m mcap
EOG 30%, 5m mcap


nicely said in twitter:

Just for a bit of context at how undervalued #EDR is, #UJO added nearly double Egdon’s market cap to its value today - and #EDR hasn’t moved yet. Both will have a good week next week #Wressle #Biscathorpe #NorthKelsey

nash81
08/1/2021
15:47
Mr Daniel Levi (Sinner)
@BrokermanDaniel
ยท
27m
Heads Up: #wressle News on the way.... Tuesday latest... Eyes on #EOG #UJO & #Egdon! All should bounce up on positive RNS's re update/production..

currypasty
08/1/2021
12:08
https://webcasting.buchanan.uk.com/broadcast/5ff32185c627bb518d53146d/5ff8411065d56b44935105ce
currypasty
08/1/2021
11:55
to be honest I was expecting a bit more interest here. The photo clearly shows that the workover is on track, which I understand to be a clean up of the well, and connect it up.

The biggest worry was cash position, but with UJO generous loan and the proposed loan (subject to a nod at agm) from largest shareholder, that should tide the company over till it gets back on its feet.

They must be very confident of getting the free flow output expected or they would have pumped so much cash into it to get to this stage.

currypasty
06/1/2021
11:23
Although the MM's hit the price on the Shell delay news, I actually think its a good thing. The cost liability could have been quite steep when you look at the details of the contract. I don't think EDR could have afforded it! This gives them some breathing space to get Wressle cash coming in, and hopefully focus on Biscathorpe which could be a serious blue sky project.
currypasty
06/1/2021
10:51
I can see both EDR and EOG share price to rise at least a bag from current level. the cash/cln deal in EDR is with largest shareholders and they do want share price to rise.

i did top up few days back in EOG and EDR ;)

nash81
06/1/2021
09:07
Just managed to buy a few at 1.75p. I'm a long term holder and believe the company is ethically run. It has great licenses and great medium term opportunities. Let's have an Open Offer at the Loan conversion price and let's get on with the opportunities in the portfolio!
c2b
06/1/2021
08:57
The company is basically bust if it were not for the largest shareholder PETRICHOR HOLDINGS able to save the day and now controls the company.

I feel sorry for the shareholders.

anley
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