Egdon Resources Share Discussion Threads

[currypasty] 03/11/2021 08:07

doesn't look like they will make a start on NK, rather looking to extend permission

"Securing an extension to North Kelsey planning consent beyond end 2021"

[guesswhosback2] 03/11/2021 08:06

Wow. You fill me full of hope at last.

[ldbart] 03/11/2021 07:48

I'm pleased with that. A 14.3% increase in revenue from 2020. That's whilst Wressle-1 was only in clean-up stage (pre proppant squeeze). Firm plans for 2022 and beyond. No equity raise needed.Losses have significantly reduced.Confirmation of an application for extension for North Kelsey.Confirmation of an expansion at Wressle (Wingfield/Pen-stone flags).Awaiting the PEDL180 CPR.Awaiting an update on the Wressle-1 upgrade and revised flow rates (currently choked back to less than half flow).

[givmesunshine] 03/11/2021 07:26

I think the styles of UJO - EDR are very different, EDR stick to the fact and state that the 240 will be subject ro revision following the completion of the works..

I am a little disapointed that they did not give a further update on the revenue / production from last month and estimation of completion of the current works @ wressle

[currypasty] 03/11/2021 07:10

Outlook

-- Initial production guidance for 2021-22 is 240 boepd, with Wressle being the significant contributor.



was expecting more than 240 total going into next year, TBH

[givmesunshine] 02/11/2021 16:36

Well done with your top up !

[givmesunshine] 02/11/2021 16:14

Tomorrow? Or 9th

[currypasty] 02/11/2021 15:59

any update on the rumoured corporate activity, lee?

[ldbart] 02/11/2021 15:51

Buys v Sells analysis is still looking very strong, despite the setback yesterday. Read here: https://twitter.com/leedbartz/status/1455562815033561097

[ldbart] 02/11/2021 15:34

No equity raise needed either. Reconfirmed.

[ldbart] 02/11/2021 15:03

Final Results out tomorrow. Confirmed.

[ldbart] 02/11/2021 12:40

Agreed. I managed to win 500K at 1.69p yesterday and 100K at 1.75p. Very pleased.I'm expecting significant Wressle revenue and profits in the Final Results on Tuesday 9th November. Lee

[givmesunshine] 02/11/2021 09:39

Thought mm's would have tried to hit this today .. Was waiting to a big squeeze but doesn't look like it will happen - Operational update soon

[givmesunshine] 29/10/2021 15:44

Boring at the moment - patiently holding..

[bean02] 29/10/2021 12:14

Nice steady buying

[nash81] 27/10/2021 22:57

exactly, we should be 4p at least on next Wressle news

[givmesunshine] 27/10/2021 09:04

True - more impressive for us as we have half the market cap :0)More interested in the technical update from EDR when it comes

[guesswhosback2] 27/10/2021 08:41

Thst aside the numbers are impressive

[givmesunshine] 27/10/2021 08:22

UJO have put out an RNS - seems more rampy for their dodgy BOD - sensible money would come here

[ldbart] 26/10/2021 10:18

Nearby Saltfleetby CPR. We're so lucky to be invested in this Humber region:https://twitter.com/leedbartz/status/1452900461305028612

[greypanther2] 25/10/2021 09:35

A mate who lives not far from Wressle says the the well is currently producing about 600 to 700 barrels per day. Generally it's three, and occasionally four x 200 barrel tankers (not 220 bbl, it seems)are leaving the site each day. So if you say 3.5 tankers multiplied by 200 bbl, that's about 700 bopd. Mind you, I'm sure the well will do better once the extended test period is over and Wresskle gets into commercial production. phase.

[currypasty] 25/10/2021 09:32

UJO on the move up at long last. There was a bit of buying UJO late Friday, and it seems to be continuing today. It is quite likely to be Wressle, as they recently had their WN update. I would have thought there would be a bit more interest here as surely a Wressle update is due with current flow rates, news on the bigger gas separator and where the project is going overall.