Egdon Resources Plc

0.00 (0.0%)
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 Shares Traded Last Trade
  0.00 0.0% 4.35 1,586,378 08:00:18
Bid Price Offer Price High Price Low Price Open Price
4.30 4.40 4.35 4.35 4.35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil And Gas Field Expl Svcs 6.91 3.30 0.60 4.35 22.85
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:47 O 100,000 4.30 GBX

Egdon Resources (EDR) Latest News (6)

Egdon Resources (EDR) Discussions and Chat

Egdon Resources Forums and Chat

Date Time Title Posts
23/5/202315:27Egdon resources.... new to AIM5,270
16/3/202209:45Egdon Resources Plc4
23/1/202018:52BUY in Egdon Resources (EDR)9
23/1/202006:30Edgon Resources PLC - DATA21
03/3/200816:10Edgon Resources1

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Egdon Resources (EDR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Egdon Resources (EDR) Top Chat Posts

Top Posts
Posted at 23/5/2023 15:27 by gerhart
Another - key - things is that the company's survival is not dependent on the bid.

We are profitable, with Wressle set to deliver for some years to come.

Even if the share price takes a hit, the company will stay fully functioning.

Posted at 17/5/2023 20:02 by markfrankie
Looks pretty cheap, but it's probably going to happen? Atleast edr assets will get fast tracked if it happens; great for ujo and eog.
~£28m repaid maybe over 48months????? With ~£5m cash... not a great deal for pi's But great for ujo

Posted at 17/5/2023 11:09 by grannyboy
For EDR shareholders I think it's a low offer, but if they don't make an offer for EOG/UJO then we might see more action from the new lot which will benefit EOG and UJO?!!
Posted at 17/5/2023 11:07 by jpuff
So the share price has been driven downwards over the past year or two in order to allow a low ball bid to go through. This market is so corrupt but hey shareholders the bod will do very nicely out of it no doubt!
Posted at 17/5/2023 07:26 by currypasty
Posted at 10/5/2023 14:04 by jasper2712
The income from Wressle to EDR has had a negative impact on the share price!!!!
Posted at 30/3/2023 08:36 by gerhart
Rolo, I am in awe of your optimism for a divi! Are you sure you're on the right board?! :) Don't think market shares your view.

I'd just be delighted if the share share price reflected more of the value and potential here.

Don't know the life span of Wressle is, but was just thinking ( silly thought) but if they were to close down everything else and just worked on Wressle, we would have a self-funding profitable cash generator? :)

Does anyone know what the green energy storage project mentioned on the last update is all about? Sounds interesting, and given way it was worded, could add significant value.

Posted at 04/10/2022 13:59 by lageraemia
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)

Posted at 16/9/2022 12:37 by lageraemia
"Why would UJO commission a report when they are not the operators. It all seems to be a bit odd to me. Why does EDR not make a comment as it is after all affecting the SP?"

There are many GOOD reasons why........It is UJO's prime asset. It is producing great free cash flow, but its value as an asset is dependent on the reserves left to produce.

Its value as an asset makes up a large part of UJO's Net Asset Value (NAV), which is relevant both for the share price and also dictates a large part of UJO's financing options which is CRITICAL. Not least because of the effect that previous LEAKED placings have had on the share price and reputation of the company. The purpose of a stock market is to allow companies to raised equity to fund their business.

Being in profit, UJO now has cash flow to retain and invest to expand its business, and its now in profit so the option of 'reserves based lending' (instead of bucket shop leaked placing for the AIM spivs to crawl all over) is on the table.

That means the more NAV they have, and the more reserves, the more they could borrow, at a lower interest rate, if they identify an opportunity to invest in a way that increases shareholder returns.

Posted at 14/9/2022 19:49 by jasper2712
The drop in share price over the past few days seems a bit odd . UJO and EDR seem to have fallen after the RNS regarding the Wressle figures which to me seem to be better than originally thought.
However the other partner i.e. EGO the share price has not fallen. So why is this?
Figures of 500bopd were first thought possible and now they expect 800 for at least 5 years. This I believe is a very conservative time scale.
What was the bad news . The only piece I saw was that they are still flaring off the gas which I personally think was caused by the rush to save their jobs and get Wressle into production before EDR went bust.

Egdon Resources share price data is direct from the London Stock Exchange
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