Egdon Resources Share Discussion Threads

[guesswhosback2] 17/2/2022 19:36

ldbart - what value on Wressel to sell it I wonder?

[gerhart] 17/2/2022 16:54

As a long term holder, I don't know what the rise is for, could be a mention somewhere highlighting the under value of a well run company.

But there is a bit of ramping going on too.

As for Fracking, sure there is a lot more buzz on that at the moment. But don't see that happening any time soon. Just last week The Oil & Gas Authority ordered Britain’s only two horizontal shale wells, operated by Cuadrilla, to be plugged and abandoned. The Co will permanently seal the two shale gas wells drilled.

Doesn't seem to me like we're on the cusp of a fracking bonanza!

[jasper2712] 17/2/2022 16:43

Could be the ban on fracking is to be lifted.
This week I have noticed a few articles on the importance of extracting the shale gas 30 MPs have been making their opinions heard . Andrew Neill had an article on it
It makes sense in this present climate where we are to dependent on Russia for our gas supply.

[talkman2] 17/2/2022 16:21

Merger with Osceola Hydrocarbons ?

[thetoonarmy2] 17/2/2022 16:18

If it was UJO currypasty, I would say it was Bramhills order for a double size Full English Breakfast.:)
Am I going to get back to breakeven here? Hopefully, also in EOG and heavily in UJO I'm convinced some Corporate activity is happening with either all 3 of the above or maybe just 2 as Bramhill has been too quiet lately anyway I believe we will get some news next week if the rumour mill is to be believed.

[currypasty] 17/2/2022 16:09

100 buy, is it a sign ?

[ntv] 17/2/2022 16:08

I started buying several days ago and I wasn't expecting them to move up this quickly

[likeawalrus] 17/2/2022 15:59

great to see such a strong rise, is there news imminent???

[guesswhosback2] 17/2/2022 15:40

ld bart

Have you not see my shared Dropbox folder? Im not sure I have seen it, forgive me if I missed a link?

Just tried 100k but over ask to buy.

[talkman2] 17/2/2022 15:39

Still cheap as chips

[bean02] 17/2/2022 15:25

Can't buy. Bloody sold half this am at 1.95 argh. 2.5 next mark

[bomfin] 17/2/2022 11:11

If it came in at 12 million boe net to Egdon 30% then currently nat gas is making after tax over £50/barrel. Egdon have strong tax credits also.

[bomfin] 17/2/2022 11:10

Yes. Excellent research. Thanks

Don`t underestimate the Resolution and Endeavour discoveries. Shell have a strategy in the area which starts in a few months time with Pensacola. They farmed in there with the same terms they farmed into the Egdon assets. With Pensacola they farmed in with Deltic but if they make a discovery there then it is highly likely to be a joint development with Resolution with Endeavour as a potential tie in. imho dyor

[ldbart] 17/2/2022 10:32

Yup. Forgot about the offshore assets. I'm more interested in UK Onshore, myself.I've been researching since Sept 2014 ;-) Have you not see my shared Dropbox folder?

[bomfin] 17/2/2022 10:22

A step out in terms of a potential multi field development is what I mean.

[bomfin] 17/2/2022 08:13

Shell drilling on Pensacola in a few months time. If that is a discovery then a potential already mentioned development option is a new pipeline to Teeside. They are drilling this first to decide the scale of a development that is a compendium of components not because resolution is not a proven field. The Pensacola well is a step out. Imho dyor.

[bomfin] 17/2/2022 08:10

Also idbart. Any particular reason you do not mention proven gas discoveries resolution and endeavour above?. If they go to development by Shell Egdon at least 10 bags. Imho dyor

[bomfin] 17/2/2022 07:54

Yes idbart. Do you have eyes on Wressle yourself or is someone reporting to you?

[ldbart] 16/2/2022 18:18

A decent day today. Will move fast once people cotton on. The site is looking great. Very good progress tbh.We'll do very well with Wressle, Keddington, Fiskerton, Ceres on their own. Not to mention promising prospects like North Kelsey, Biscathorpe and Waddock Cross. Fully funded :-)If they revoke the moratorium on shale gas well do a few bags overnight on top of the above. Very pleased to be holding a few million shares.

[bomfin] 08/2/2022 13:04

Bit of patience needed here. Nat gas prices still high. Ceres will be giving off £100,000 cash a month at present. An unexpected bonus that. Wressle with two other formations to test. The potential huge icing on the cake though is the likely increase in value of the Resolution and Endeavour gas discoveries. Looking at forward prices Shell must be looking at potential earnings there. They start drilling at the nearby Pensacola prospect in a few months time.

[jasper2712] 04/2/2022 12:19

Fairly obvious answer is that the landowners where the turbines are get a hefty annual fee for having them on their land. £10k-20K/ turbine/year. Who owns the land ? You've guessed it the wealthiest people in the UK and that includes the royals . No wonder there was a massive push to go green. You don't have to look far to see how corrupt these politicians and decision makers are.