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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 4626 to 4647 of 5250 messages
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DateSubjectAuthorDiscuss
02/12/2021
08:43
Wressle-1 going well. I had the following update from Egdon yesterday:"Works to de-bottleneck Wressle and manage the gas flows are ongoing and we will update once these are completed.  In the meantime we continue to produce at rates above expectation at Wressle as previously advised."
ldbart
01/12/2021
23:35
UJO has got the heads up. looks like Wressle positive news is coming. time to load up cheap EDR and EOG imho

https://twitter.com/davethedrill1/status/1466052565020327939

nash81
29/11/2021
10:46
All small oilers and commodity plays are smashed
solo4yous
26/11/2021
15:26
EDR is fast becoming the PENNY share for 2022..........then I will buy.
anley
18/11/2021
13:46
Why are all these dying a death?
UKOG
EDR
EOD
RBD
UJO
ANGS

Https://twitter.com/zopelyforver/status/1461312387957542914

davemarn
17/11/2021
16:14
Hi lageraemia. I'd certainly agree that our cash position must be vastly improved at (say) 500 bopd from Wressle x Egdon's 30% x $80 per barrel which makes for a gross income of about $12,000 / £9,000 per day. But they still have quite a few bills to pay, and I don't just mean the Wressle operating costs which we've been told are about $9 per barrel. There's still their other licence costs, plus the Wressle site upgrade, with work happening on the oil/ gas separators and the flare stack. There's also also the £1 million owed to Union Jack, and a further sum to Calmar once the field is declared commercial by the OGA. So I'm not holding out for a dividend any time soon!
greypanther2
17/11/2021
09:02
Brent over $80 for well over a month.......the coffers will be swelling and expenditure on Biscathorpe postponed. Cash position should be swelling.
lageraemia
16/11/2021
13:42
Decent interview today from UJO covering Wressle. Pleased with that.As I've said a few times for Wressle-1, upgraded equipment will be installed to allow more gas to be produced as a by product of all that oil. Oil flow 884bopd which is currently restricted to less than half capacity.Bund currently being installed.Updated flow rates due very soon.Waiting on official Biscathorpe-2z refusal reasons. I'm sure our legal teams are chomping at the bit to digest the legal reasons for planning refusal.
ldbart
16/11/2021
01:00
i am in both EDR and ANGS.

ANGS gas production coming next year
EDR wressle production alone worth multiple mcap.

sentiment is poor in both -time to buy

nash81
11/11/2021
22:29
EDR vs. ANGS?
Https://twitter.com/zopelyforver/status/1458920961487642625

davemarn
09/11/2021
13:40
Decent buying today.This is a good post from a UJO holder. Significant revenue and profit forecasted from Wressle-1 alone with free flowing oil.https://twitter.com/MightyBelle68/status/1458027400969666561
ldbart
06/11/2021
12:13
Thanks idbart. In confirmation of what Mark Abbott said, I've been told much the same by a local resident that 3 x 200 barrel oil tankers have been seen leaving the Wressle site most days recently, and occasionally there are 4 x 200 barrel tankers. This seems to indicate that production has been averaging between 600 and 800 bopd lately, and perhaps somewhere closer to 600 than to 800 bopd. But it would be great to have some REAL figures!
greypanther2
06/11/2021
11:09
EDR just suffering like ANGS UKOG etc

Https://twitter.com/zopelyforver/status/1456391145995579398

davemarn
06/11/2021
10:58
The obvious answer would be to join EDR, EOG & UJO, lose all the fanciful projects & incompetent management/directors & appoint a few who can get the most out of the combined UK onshore assets?!!!!!!!!!! Anyone with a small pot of cash wanting a good return on sorting out this mess?!!!!!!!!!!!
enfranglais
05/11/2021
16:11
The question is what happens if the Oil & Gas Authority refuses to grant any further licences offshore and onshore?

The company struggles all the time with small deposits and production and the company is just about alive and if there was no fairy in the background the business would be broken.

anley
05/11/2021
16:11
Mark today reiterated 884bopd (oil) and ½ million cubic feet (gas) PER DAY. They have 3-4 tankers per day, each day, every day.
ldbart
05/11/2021
16:09
Indeed. From 6:39 "240bopd outlook will be subject to review, most likely upwards, once we've completed the upgrades at Wressle"
ldbart
05/11/2021
15:59
240bopd will be significantly increased. Mark even mentioned that in the interview today.
ldbart
05/11/2021
12:21
In case you havent seen the post results interview

http://www.egdon-resources.com/media/videos/

currypasty
05/11/2021
10:11
Hi idbart. Thanks for your comments. You've probably seen it already, but I've pasted Egdon's comment below regarding their 2021-22 production forecast. This was taken from their preliminary results RNS earlier this week. I think it's worth analysing it a bit more before placing too much reliance on "500 boepd NET" for Wressle, lovely though that would be. 500 boepd net would mean that Wressle is capable of producing over 1,660 boepd continuously, not just on a good day. Did you base your "CURRENTLY 950 boepd" on what Egdon have said about Wressle earlier because I don't think they said exactly that in any RNS. Egdon have more recently implied a gross rate of only 500 bopd for Wressle and, as a competent operator, I find it hard to think they were wrong to say it., but maybe they wee just being very cautious. Their preliminary results RNS included the words "Initial production guidance for 2021-22 is 240 boepd, with Wressle being the significant contributor". We still don't know the average rate at which Wressle has been producing, or might soon be able to do, but Egdon's 240 boepd are their own NET production forecast for the year ending 31 July 2022. They say it won't all be coming from Wressle. So, if we take off approx. 90 boepd (and presumably declining) for Ceres, Keddington and Fiskerton production, this leaves only about 150 boepd net for Wressle. If you then gross up their 30% interest to 100% you'll get only 500 boepd. Unfortunately this was their original Wressle forecast post the proppant squeeze, so I'd really like to know what's going on.
greypanther2
05/11/2021
07:59
Thanks for sharing ldbart..Much appreciated.
christy41
04/11/2021
17:01
Sure. £10M profit per annum from Wressle-1. I'm basing this on approx 500boepd NET to Egdon. The proppant squeeze really did go very well and we're having to upgrade the equipment to cope with the flow, which is currently 950boepd (less than half flow).The remaining £2M annual profit will come primarily from the expanding of Keddington. There will be a cheap side-track from one of the existing wells targeting a separate zone. Both this sidetrake and the current producing well will undergo the same successful proppant squeeze operation that we saw at Wressle-1. The expectation is 250bopd NET to Egdon.None of this includes the horizontal well at Waddock Cross, which could yield 500-800bopd.
ldbart
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