Egdon Resources Share Discussion Threads

[anley] 24/10/2022 11:01

Remember Premier Oil now called Harbour Energy?.............SOLD down about half their holding in EDR......

Who bought?

[gerhart] 24/10/2022 08:33

Interesting comment in an article in today's Daily Mail by journalist, Dominic Lawson, (son of former chancellor of same surname)

He says Rishi Sunak was more in favour of lifting ban on fracking than BJ. If so, then one assumes that will remain and be renewed as policy - especially after vote passed again in parliament last week. (despite chaos)

So EDR and others - get on with it! Show peeps it works and all can benefit in some way!

[gerhart] 21/10/2022 10:01

Only the government, with a working majority, can decide the date of the next general election.

The other parties and lib left media can call as much as they want for an election. But Tories won't be voting for election any time soon, given their apparent place in the polls. So next general election could be as late as Jan 2025! (the max time left for this parliament) That is legally and constitutionally the case. Parties/Gov's are elected, not individuals as Prime Ministers.

Next week the instability will be over. The Tories will unite and take fight to Lab. They know the only other way is oblivion.

So fracking companies that move quickly could have profitable, operating wells (assuming they have commercially viable finds) well ahead of any election.

Even if Lab win next time, if they see safe fracking and revenue being generated and UK energy supplies being safe guarded, they will not shut them. At very least they might just kick the issue further down the line. If you look at Starmer's record, he has just about ditched everything he has ever said he was for, whenever it suits. He'd have no trouble doing this. Look at promises made in bid to become leader - all ditched!

I think Lab mainly wanted fracking blocked as they see how it could play out so positive and help save the Gov. Just cynical politics.

[jpuff] 20/10/2022 18:36

But does the next government support fracking?

[kwizza] 20/10/2022 07:13

Government won the vote on fracking

[haydock] 13/10/2022 08:13

hxxps://drillordrop.com/2022/10/11/egdon-resources-challenged-over-changes-to-biscathorpe-oil-production-plans/

[jasper2712] 12/10/2022 13:55

The hearing is at Kenwick Park Hotel, near Louth, on Tuesday 11 October 2022, from 10am-5pm.

[jasper2712] 12/10/2022 13:31

Incompetence of the management more like

[currypasty] 12/10/2022 10:17

biscathorpe appeal weighing on punters minds ?

[city1911] 12/10/2022 09:15

https://www.bbc.co.uk/news/uk-politics-63222652

[jasper2712] 12/10/2022 09:08

Come on EDR management - give us a reason for this share price plummet over the last 2 days.

[jpuff] 11/10/2022 18:30

Looks like back to 4p again to me. Nice while it lasted but back to the same old same old by looks of it.

[p@] 11/10/2022 11:06

JASPER Putin saved this lot from the dole.

[felchandbart] 11/10/2022 09:01

Tempted to buy more at these levels. About time we saw a bit of a turnaround here.

[lageraemia] 07/10/2022 09:15

Which of course is an admission that the UK needs oil EVERY DAY.

We could ship across the world and give a despot some money, or we could produce it ourself and use it, and be responsible for the environmental impacts of producing the oil we NEED.

[haydock] 07/10/2022 08:55

Opponents of the North Kelsey development said it would, at best, produce enough oil to supply the UK for less than a day..


hxxps://drillordrop.com/2022/03/14/breaking-councillors-block-third-bid-for-more-time-at-undeveloped-lincolnshire-oil-site/

[haydock] 07/10/2022 08:47

hxxps://drillordrop.com/2022/10/05/egdon-makes-late-offer-on-biscathorpe/

[gerhart] 04/10/2022 13:30

On the UJO ones. I'd agree that they are buying an opportunity and not cashing in to dumping. Probably not last they will take up either. So that may bode very well for SP, as vote of confidence.

The downside is these things are "profitable" from about 2.5p. Theoretically.

[kwizza] 04/10/2022 13:24

Maybe news on Biscathorpe next week ?

[lageraemia] 04/10/2022 12:59

Firstly, they are exercised for CASH. The £100,000 from UJO is not an insignificant amount, and more importantly isn't subject to a placing-like skim-scam from bucket-shop crooks like share price Angle leaking the info all over the place. EDR SHOULD be able to put £100k to work in a way that makes a return on capital.

Secondly, I'd consider the UJO 3.11% stake to be 'tight hands' that will not increase the available float of shares in the market. I think Dave B considers a stake in EDR to be a strategic and operational opportunity. There's still a distinct lack of activity on the part of EDR's operated licences......(see my first point about £100,000)

[sgtbilko42] 04/10/2022 12:10

But on the Upside, once they are exercised, there is less of an overhang, as they can only be exercised once :)

[gerhart] 04/10/2022 08:32

This is the one key downside for me on EDR. The overhang of all these warrants. They can be exercised - and dumped any time in profit.

[jasper2712] 04/10/2022 08:23

the Company announces that it has exercised 4,000,000 warrants at 2.5p each to subscribe for 4,000,000 ordinary shares in Egdon Resources plc ("Egdon"). Following the exercise, the Company's holding in Egdon is 17,000,000 ordinary shares , representing 3.13% of the issued share capital of Egdon.