Egdon Resources Share Discussion Threads

[felchandbart] 08/9/2022 12:39

Have added but it's a struggle to buy currently.

[gerhart] 08/9/2022 11:52

I don't think this is one of these situations, where you should have "bought the rumour" and now "sell the fact".

This is just the start. This share fell back a long way. It is a well run, debt-free company with lots of non-shale cash generating/or potential.

We'd all like to make a fortune quickly, but here things will be more stable. Cos there are millions of warrants profitable above 4p-ish, I think. So lots of those will be generated and dumped as we move forward. (Company has already issued a cover-all notice to the markets I think. So they don't need to announce each time)

The other thing here is that there is a major shareholder, I think with links to a US company with shale experience. I suspect they will offer to buy all our shares now fracking is OKed again, but before share price goes skyward. Just a thought.

[hope67] 08/9/2022 11:49

Response to Government Lifting the Shale Gas Moratorium

The directors of Egdon Resources plc (AIM:EDR), a UK focused energy company, welcome today's announcement by the Prime Minister, Liz Truss, of the lifting of the moratorium on hydraulic fracturing for shale gas which was introduced in November 2019.

Commenting on today's announcement, Mark Abbott, Managing Director of Egdon Resources plc, said:

"The lifting of the moratorium is a logical and pragmatic response to the new geopolitical reality and the new Government should be congratulated on the speed and foresight of its action. In contrast to a growing reliance on imports, the development of indigenous shale gas could have a positive impact on energy security, gas prices and the UK's balance of payments, whilst delivering tax revenues, business rates, community benefits and thousands of well paid, skilled jobs. Importantly shale-gas can also play its part in delivering the goals of Net Zero and the Energy Security Strategy.

With Egdon's material shale-gas position, we now look forward to working positively with Government and local communities to deliver this nationally important resource in a timely fashion."

[kcowe] 08/9/2022 11:20

Sell the news ...

[westmoreland lad] 08/9/2022 10:14

Just taken up the number one highest %age winner slot, closely followed by Reabold plus another decent gain at UJO.

Our time has come -- boom boom

GL ALL

[felchandbart] 08/9/2022 09:42

Hopefully, this is just the start of a big push north. I had 10p as a short-term target - I think that may now need to be revised...

[buffinman] 07/9/2022 21:50

(As posted by kooba on the Igas board)

[lageraemia] 07/9/2022 16:49

The fracking thing is interesting isn't it.

The UJO website lists 'other assets' including two 'impaired' licences Humber Basin and Widmerpool Gulf which are shale plays. EDR is a major partner in both licences:



Humber Basin is the most interesting for me, because as a shale licence, the exact drill site is less important than with conventional prospects meaning that planning should be easier (i.e. not in a Nature Reserve etc like Biscathorpe) and potentially it will be REALLY close to the end user at Immingham Oil Refinery and or Gas National Grid:

[gerhart] 07/9/2022 15:11

Interesting to see what is happening with the share price at the minute (nothing!) in comparison to the relatively steady buying V selling.

Maybe some official announcement lifting ban on fracking will give it its next boost.

[ntv] 05/9/2022 17:21

Took a small amount profit today

[felchandbart] 05/9/2022 10:45

Looks like the start of a good week. A good sector to be invested in currently.

[bountyhunter] 30/8/2022 08:41

Bought a few at sub 8p this morning, a bit late I know but expecting 10p+ soon as we get nearer to the Liz Truss era.

[rolo7] 30/8/2022 07:38

good start to the week!

[felchandbart] 30/8/2022 07:37

Strong start to the week. An in-demand share. Could be double digits this week.

[felchandbart] 26/8/2022 11:07

If all goes to plan, we could be sitting on a golden nugget here. We've had false dawns with fracking but the mood looks like its shifting. Expecting to see big gains in the coming weeks and months. Have added today. Should be exciting.

[haydock] 26/8/2022 08:00

Just put my toe nail in here. Ex Igas big loser first time around.
Learning my old habits, places to follow again.

hxxps://drillordrop.com/2022/08/08/egdon-appeals-against-north-kelsey-refusal/

A good site to follow.

[rolo7] 26/8/2022 07:05

good update by ujo today

[buffinman] 24/8/2022 12:14

Just seen Lammergeier's post from last week quoting McAllister saying

"If Sunak’s or Truss’ Cabinet were to give the green light it would “almost certainly” begin at one of the two existing sites in the UK, McAllister added.

One of those is Springs Road in the East Midlands, operated by IGas Energy PLC (AIM:IGAS, OTC:IGESF) as part of a joint venture with Jim Ratcliffe’s Ineos and Egdon Resources PLC (AIM:EDR)."

McAllister's comment makes no sense. Why would you start at just one site when

1. The UK needs success as soon as possible

2. The more sites that start up, the more the crusties have to divide their resources.

[ali47fish] 24/8/2022 12:05

except that nobody cna predict or forecat the direction in this as there are many issue about fracking and political clouds that muddy everything

[felchandbart] 24/8/2022 09:33

Max order a measly 5000 shares currently. Seems to be in demand - and no wonder.