Egdon Resources Share Discussion Threads

[currypasty] 08/3/2022 16:02

having another go at 3p


will our shale projects come back into play ?

[currypasty] 08/3/2022 12:50

GB News@GBNEWS · 4h

'We have been lectured by the EU about going green, and what have they been doing? They've been making themselves 40% dependent on Russian gas'

Michael Portillo warns the Conservative party against chasing green votes in metropolitan London where they have few seats.

[currypasty] 07/3/2022 11:59

Oil at $125 a barrel... would be great to put out an update this week

[greypanther2] 07/3/2022 10:54

Maybe it would be good business for Deltic, but perhaps not so good for Egdon?

[bomfin] 07/3/2022 07:41

Further on resolution and endeavour discovery. As they are proven discoveries and Pensacola is not (Could be dry) It may be good business for Deltic to do a 10% swap with Egdon prior to the Pensacola drill. We get 10% of Pensacola drill and they get 10% of Resolution and Endeavour. Risk management. If they miss at Pensacola they have nothing to show for it while 10% of such a drill would double Egdon market cap while drilling. imho dyor

[shujja1] 07/3/2022 07:05

Oil at 130 dollars a barrel up 10% over night could see 300 dpb

[jpuff] 06/3/2022 22:30

https://www.telegraph.co.uk/news/2022/03/06/fracking-could-return-firms-research-methods-reduce-earthquakes/

[bomfin] 05/3/2022 22:47

I think on environmental considerations they will have to do a subsea tie in and connect to a pipeline meeting land at one of the onshore gas plants or perhaps pipeline to Breagh where there should be ullage by now.

[greypanther2] 05/3/2022 17:52

There may also have been an issue with how Resolution / Endeavour could best be developed. Both discoveries are in very shallow water next to the coast, so presumably it's expected to be a lot more difficult than usual - from an environmental perspective - to get development consent. And that's if the appraisal programme goes well, of course. From speaking to someone at Egdon some time ago, the development concept was then a long reach, sub-horizontal well drilled from onshore into the most prolific part of the offshore structure. It would be good to see this moving ahead now that the UK is keen to find new gas supplies which aren't Russian.

[bomfin] 05/3/2022 13:58

So, Looking back. They farmed into Deltic first so drilling Pensacola first may reflect that.

[bomfin] 05/3/2022 12:35

Yes GreyPanther2. In my opinion they consider Resolution and Endeavour as in the bag as they are both discoveries that flowed gas. They will drill to see if they can find more gas at Pensacola this summer. If so they can do a bigger scale development with costs of development/boe reduced. If it misses they will get a move on with Resolution
It`s quite a clear strategy as they farmed in with Deltic under the same terms they did with Egdon. imho dyor.

[greypanther2] 05/3/2022 10:39

Hi Bomfin. I assume you're thinking about Egdon's near-shore Resolution gas discovery. If so, there's little or nothing in our current share price for it. I think we already know that Shell isn't thinking about a possible development at Resolution, or not very much yet, because they seem to have delayed the relevant 3D seismic survey several times. That survey should, presumably, have led to an appraisal well being drilled at some future date. But not for quite a while, I guess. Maybe I've misunderstood, and you are thinking about another asset?

[bomfin] 05/3/2022 08:47

What price Egdon undeveloped gas reserves?. Shell must surely be assessing a development.

[ldbart] 04/3/2022 12:46

Very strange couple of days... Wouldn't surprise me to see 3p paid again this afternoon.

[currypasty] 04/3/2022 09:31

FRACK TO THE FUTURE UK is sitting on gas gold mine which would blitz bills & Putin monopoly – so it’s madness not to frack, says Matt Ridley
Matt Ridley
23:07, 3 Mar 2022Updated: 23:45, 3 Mar 2022

[shujja1] 03/3/2022 17:25

I picked up 400k today. Tomorrow it will go back up . Compney should clearly RNS need .

[currypasty] 03/3/2022 14:47

Yes remember him well,sorry to hear.Thanks ldbart for confirming. Perhaps people just a bit jittery after eog.I picked up 300k earlier. It wasn't showing before I nipped out for coffee

[shujja1] 03/3/2022 14:23

Stocks and shares a part . good to see you mate. you remember Grateful I think he died a few months ago cancer. I just bought EDR today I think it has legs with good balance sheet.

[ldbart] 03/3/2022 14:07

Very happy to confirm (AGAIN!) that Egdon have no plans to fundraise at this time. I've just had email confirmation.Mark Abbott is away on vacation, but will be returning on Monday 7th.

[currypasty] 03/3/2022 13:32

yes, remeber them days well.. still here still taking some hard knocks due to factors you didnt see coming (dusters and placings).

I think we urgently need a positive Wressle update to steady the nerves here

[shujja1] 03/3/2022 13:28

Curry i remember you from about 15 years ago . You still at it lol how's life . we used to be in emerald energy golf sands if I'm right

[currypasty] 03/3/2022 12:55

record oil price, massive cash generative project and Simon Oddie can destroy half the value of EOG and hit EDR, and UJO at the same time

[hoper1] 03/3/2022 12:55

Sorry - why the big price drop today?