Egdon Resources Share Discussion Threads

[givmesunshine] 22/10/2021 10:36

Hi AllI think today will be the last day we are sub 2p (brave statement) it's all lining up nicely for EDG as operator and hope for a good update soon. Need to already be in to get any real benefit as it's too illiquid - but i suppose that also applies to any downside , so you have looks forwards, but for me @ these levels the risk reward is appears stacked on the reward side .

[guesswhosback2] 21/10/2021 12:03

Thats all good news, 5 tankers is 1100 barrels each day, more than double the expected flow rate.

[ldbart] 21/10/2021 11:47

I've heard that Wressle-1 is averaging 4-5 tankers of 220 barrels each day.Currently producing $68k per day. That's $20k per day to Egdon.This is at the published (throttled) rates. Upgraded well equipment is currently being installed (no downtime needed).I'm hoping for a decent update very soon!

[nash81] 19/10/2021 23:27

is it much to ask for rerating to 5p??

[guesswhosback2] 19/10/2021 14:50

Lots of people arriving here from UJO. We want value from Wressel. UJO is stuck in negativity. Im also buying EOG as they are part of the program and have some other assets that produce.

[dan de lion] 19/10/2021 11:13

Am keeping my UJO(sense will prevail) and have bought 136326 EDR.

[currypasty] 19/10/2021 11:09

interesting, still in auction after 2 price monitoring extensions

[givmesunshine] 19/10/2021 10:07

I feel for UJO SH - it shows what differnce good managment can make.

[currypasty] 19/10/2021 10:03

MM's could be getting very low on stock to sell

[givmesunshine] 19/10/2021 09:04

I think the liquidity is interesting - yesterday I thought I would try to add £10k @about 330pm - despite being down it was NT for anything over £500 worth - I bought 2 lots of £500 just to see and the offer jumped straight back up. I haven't tried to buy any since, only add on down days - but it shows that if the next update is as we expect then it will be difficult to get in at anywhere near these levels

[currypasty] 19/10/2021 08:50

Corporate action ?

[talkman2] 19/10/2021 08:49

Significantly undervalued

[givmesunshine] 19/10/2021 08:44

Looks that way - share price moving to new highs

[ldbart] 19/10/2021 08:39

2.05p paid again.

[currypasty] 19/10/2021 08:38

they must have achieved some decent flow rates, and commissioned the larger gas separator by now?

[givmesunshine] 18/10/2021 09:02

Still nice a quiet- are we thinking operational update this week ? Would seem timely

[ldbart] 15/10/2021 15:16

1.87p to buy now

[currypasty] 14/10/2021 18:37

I left an order in, just under that 1.89, but its not been filled

[givmesunshine] 14/10/2021 15:12

I sitting with just shy 2.5 mil shares @ 1.59.... I don't like topping up unless we a on a bloodbath day.. Next week we may well get an update so going to sit tight -

[guesswhosback2] 14/10/2021 13:44

just bought some more trying to help

[ldbart] 14/10/2021 13:30

There's 500K sat at 1.89p to buy.After that, there's 250K at 1.95p, then we're up to 2.18p

[givmesunshine] 14/10/2021 11:57

Still flat - feel tempted to buy some just to liven it up ;0) But will sit on my hands

[guesswhosback2] 13/10/2021 21:03

Great posts ldbart

[ldbart] 13/10/2021 20:58

The price doesn't match the trades today. An overinflated spread lead to that closing price. We should've been blue today.This is good news as it means PIs didn't fall for the market maker games and panic sell. Near term target is 2.8pHere's my analysis of the recent trades, which are averaging 1 million more shares bought versus sold.https://www.dropbox.com/s/mnr9mdjrwxuu8yt/1634148205358_image001.png?dl=0

[ldbart] 13/10/2021 12:27

Yes. No reason for our drop. I thought we would see some of their money join us.I guess we're both waiting on Wressle news now.I've got some positive research on North Kelsey, which I'll distribute later on. Some nice oil volumes in the North Kelsey CPR.