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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
  -0.05 -1.69% 2.90 2.80 3.00 2.95 2.90 2.95 183,652 10:18:31
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 4601 to 4624 of 5250 messages
Chat Pages: Latest  186  185  184  183  182  181  180  179  178  177  176  175  Older
DateSubjectAuthorDiscuss
04/11/2021
16:54
Fitting a new bund first.
ldbart
04/11/2021
13:39
the new gas separator seems to be taking a while, after reading numerous posts on twitter over the last few weeks its being fitted
currypasty
04/11/2021
12:07
Hi idbart. Based on the numerous comments on other Wressle partners' boards, my feeling is that a flow rate of 2,000 bopd is pie in the sky. We don't even know yet how long Wressle flowed at the published 884 bopd and about 80 boepd of gas, but it probably wasn't for very long. So I think even 1,000 bopd is pushing it a bit. With an estimated gas /oil ratio of about 540 cu ft of gas / barrel, Egdon would be producing about 0.54 million cubic feet of gas per day at 1,000 bopd. They will probably struggle to find a use for this gas for some months, IMO. But, in any event, I'm fairly confident that we'll be able to produce at a sustained rate of better than 500 bopd, maybe even 750 bopd. Well, that's wearing my retired geologist's hat.
greypanther2
04/11/2021
09:30
I suspect a few UJO holders took that opportunity to sell more...
ldbart
04/11/2021
09:29
Not me. I've added.
ldbart
04/11/2021
09:28
Latest official rates is 884bopd and 88boepd (gas). This was a while ago.Can't go much highernfor now as they have reached the peak of the gas separator unit. I've heard that this can flow 2,000bopd. The Proppant squeeze worked far better than expected.The gas will be used in conjunction with a gas-to-wire electricity generating facility, powering the site and generating further revenue and utility bill savings. Win win.
ldbart
03/11/2021
16:54
I think much of the decline in Egdon's pros]duction from 145 boepd the year before to 90 boepd last year was down to reduced production from the offshore Ceres gas field, which is nearing the end of its life. Luckily for Egdon, the much higher recent gas price, if it is sustained, means that the end of Ceres' life may have been postponed by about 2 years. This is very good news for Egdon as offshore abandonment costs won't be cheap
greypanther2
03/11/2021
16:41
They did also mention that there was a decline of 35% from the existing fields but was offset by an increase in the oil price by the same amount. 35% seems to be a lot but any drop on a small figure will show itself as a large drop.
jasper2712
03/11/2021
16:09
Hello Kibes. I think you may have misinterpreted what Egdon meant by their statement "Initial production guidance for 2021-22 is 240 boepd, with Wressle being the significant contributor". The 240 barrels are Egdon's NET production forecast for the year ending 31 July 2022. They say that it isn't all coming from Wressle, so let's take off the 90 boepd for 2020-21 for their other production from Ceres, Keddington and Fiskerton. This leaves 150 boepd net to their 30% interest in Wressle. For simplicity, I'm assuming that all of these 150 boe are barrels of Wressle oil and, if you gross this up, you get 500 bopd. This is their old forecast for Wressle post the proppant squeeze, so it looks to me as if they still don't want to tell us anything very useful yet, and I'm wondering why not. However, if the post-PS rates had been very disappointing, they wouldn't have been able to make this 240 boepd forecast.
greypanther2
03/11/2021
14:03
Waiting but bored - very tight lipped results - UJO had provided more of an update last week - although not sure why ! Probably wanted to raise a few more quid
givmesunshine
03/11/2021
13:27
SO who has been forced out of their positions?
anley
03/11/2021
08:33
Kibes, totally agree, interim forward statement was 'sleepy' Fits in with what I think the plan is though.
currypasty
03/11/2021
08:27
HelloAmora. Filtered
ohno1
03/11/2021
08:14
I find 240 bopd day target weak for a well which has done more than 800 bopd in testing. What is the stretch target? And the general tone of the results is sleepy rather than dynamic. How much is Wressle producing right now and why don't they tell us? And how much income is it producing per day? These are the things that matter to shareholders not waffle about delayed programmes in other licences.
kibes
03/11/2021
08:09
ldbart,if poss could you give an idea of how you get to 12m...only have a few of these
bought a good few years ago and considering another purchase now things seem to be progressing.Thank you.

christy41
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"

currypasty
03/11/2021
08:06
Wow. You fill me full of hope at last.
guesswhosback2
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).
ldbart
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

givmesunshine
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

currypasty
03/11/2021
07:03
https://uk.advfn.com/stock-market/london/egdon-resources-EDR/share-news/Egdon-Resources-PLC-Preliminary-Results/86443839
currypasty
02/11/2021
16:36
Well done with your top up !
givmesunshine
02/11/2021
16:14
Tomorrow? Or 9th
givmesunshine
02/11/2021
15:59
any update on the rumoured corporate activity, lee?
currypasty
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