Egdon Resources Share Discussion Threads

[kwizza] 30/7/2021 08:41

Will the oil flow then ?

[jasper2712] 29/7/2021 17:09

Very carefully worded so as not to give a definite time as to when the well will be in production - " in the coming weeks" which could be soon or going by past guidelines it could be months or in their case weeks.
Get the finger out!

[guesswhosback2] 29/7/2021 07:28

As if by magic the news arrives. Good news too.

[jasper2712] 28/7/2021 17:25

Proppant squeeze news is now overdue and the share price is starting to slip. Come on get some news out - surely the share holders deserve better information about what progress, if any, has been made

[currypasty] 20/7/2021 10:41

Egdon Resources plc (AIM: EDR) is pleased to announce that at the General Meeting held at 10.00 hours today Shareholders approved all the resolutions proposed in the notice of general meeting sent to Shareholders on 1(st) July 2021

[currypasty] 13/7/2021 10:39

9.9164

down to
3.8625

some dump! or is it due to placings ?

[currypasty] 12/7/2021 15:49

you have a point, performance has been truly dismal. 17p to just over 1p in less than 5 years

[rnstranslator] 02/7/2021 09:32

is that the bottom then?

If the squeeze delivers 500 bbls/day then it probably is for 6-12 months, if it doesn't I can't see how they can reasonably continue.
Someone should put all these UK onshore players ( EDR, EOG, RBD, UJO, ANGS) together, get rid of 4/5ths of the management teams/Boards and try to make a go of it by cutting overheads, returning the cashflow/sales proceeds back to shareholders and stop chasing their pipe dreams.

Let shareholders vote for the management/Board they want rather than the self selecting Egotists who quite like the title, pay and bonuses and Board lunches...

[currypasty] 01/7/2021 15:40

Mark Abbott is a Director of the Company will be subscribing for GBP20,000 of new Ordinary Shares.



is that the bottom then ?

[anley] 30/6/2021 12:48

Another funding at another lower price.

For the US principal shareholder it matters not for if the company were to go broke then its just a tax write-off.

I understand that there is trouble on the land - see RBD etc.

[ali47fish] 30/6/2021 09:45

absolutely laughable

[grannyboy] 30/6/2021 09:26

They have all done it.. RBD.. UJO...and now EDR.. They delay releasing news when, it's usually a fundrsise, or to facilitate some other 'corporate activity'.. Like alotting Corallian shares in RBD so they can cash in their worthless shares..

They all appear to be in it unison.. The companies, the brokers and the mm's..

It stinks to high heaven!

[currypasty] 30/6/2021 09:15

It makes you wonder if the delay rns was issued in a timely manner with the fundraising going on obviously in the last few days / week

[anley] 12/6/2021 19:03

EDR has no money only debt and the management gambles on the Shell deal and what it means as and when commercial GAS is found in 2023/24....a long time to wait.

[bionicdog] 09/6/2021 13:05

Look around for some more golden nuggets.

[currypasty] 09/6/2021 13:04

what a dismal shareprice! MCAP just over £5 million

What is the point of this Company ? Complete proppant squeeze, sell Wressle, hand the cash back to shareholders and call it a day?

[anley] 21/5/2021 12:01

NASH......Those that try and predict commodity prices are fools especially in the world we live and work in.

In any case even if Brent oil were $80 what do you really think would happen to the cash? It would go back to repay loans and then how will EDR pay for their share of some of the costs when Shell come to drill in 2023......long time ahead!!!

Do your research - look at the last balance sheet - see production and then assume the same for 2021 X $80 and then look at the difference...................

[nash81] 18/5/2021 21:13

time to add while still cheap and below radar. oil now reaching $70. soon to be $80 this year.

[anley] 18/5/2021 11:06

and will include debt repayment?