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% 1.45 166,586 08:00:01
Bid Price Offer Price High Price Low Price Open Price
1.30 1.60 1.565 1.45 1.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 2.20 -1.72 -0.64 5
Last Trade Time Trade Type Trade Size Trade Price Currency
15:23:13 O 1,808 1.325 GBX

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Date Time Title Posts
02/12/202012:50Egdon resources.... new to AIM4,158
23/1/202018:52BUY in Egdon Resources (EDR)9
23/1/202006:30Edgon Resources PLC - DATA21
03/3/200816:10Edgon Resources1
22/1/200821:102008 the year for EDR - lots of potential in QTR 118

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Egdon Resources Daily Update: Egdon Resources Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker EDR. The last closing price for Egdon Resources was 1.45p.
Egdon Resources Plc has a 4 week average price of 1.35p and a 12 week average price of 1.35p.
The 1 year high share price is 6.63p while the 1 year low share price is currently 1.35p.
There are currently 328,315,625 shares in issue and the average daily traded volume is 177,805 shares. The market capitalisation of Egdon Resources Plc is £4,760,576.56.
anley: Indeed.........but you have to have the courage to cut or stay......very difficult and just look at the history of some of the best traders today.......but in the case of EDR its expensive to run a loss making business and there comes a time when someone has to make the call as to what to do. RBD approached Deltic Energy who told them to get lost because of their knowledge of what lies underneath the soils of the UK. If you look very carefully one of the directors of Deltic was employed by Centrica who were very much involved with fracking..........not a good outcome but the government finished and stopped all future fracking and at the same time stop drilling.
likeawalrus: anley thanks for your thoughts, I must admit I am wondering if I am chasing a dream or chasing a nightmare with rbd/ujo/edr, currently I would be happy to break even with WN and Wressle, anything else would be a bonus
anley: Hi LIKEAW........that's your take but in the case of EDR there is little stock and a buy of say 500,000 would send the stock in to orbit BUT it would soon come crashing down. Egdon is slowly becoming worthless unless it hits the jackpot. ONSHORE oil is not going to work - too little and all the time EDR will be trying to find reserves and fighting the government. Stop and think this trough.......... EDR have an OFFSHORE area which Shell have now obtained control BUT this is a long term proposition. WHY? Shell have to run 3D over the area in 2021 then with all their other blocks they control have to put the picture together and this can be time consuming. Quite apart from that the permissions via the Oil&Gas Authority will take time and go in to 2022........then drilling ...............three years and what will EDR be doing in the meantime? Its all a bit of a jigsaw and not a dealer/punters delight as RBD/UJO might be....but what happens if that's a sort of Duster????
likeawalrus: DB said in his recent interview that 20bn shares means great liquidity for ujo shares, edr has 328m shares so by DB's logic edr would have greater liquidity in the market with a larger share issue, I disagree, the problem for penny stocks like edr is the spread. 1.3/1.6 today. If I bought at close to 1.6 today the bid price would have to rise by almost 25% just for me to break even, whereas if the quote was say 1.44/1.46 more people would trade which would mean more fees for the brokers and greater liquidity.
likeawalrus: Hi curry, as you know Mark Abbott's reply to my email said results by end of November, if they dont publish tomorrow investors will rightly be very nervous, I sold my shares last week and moved into RBD as edr seems to be high risk with another 2 months until wressle cashflow, lets hope the loan facility is enough
anley: The results will be interesting as we will be able to work out what the "break-up" value of the business is. The other important issue will be the cost to the company when Shell comes calling for its 30% of costs on the 70/30 offshore deal. What happens if EDR is unable to pay Shell? AND what is the value of an EDR share? I suspect that Premier will pay as will the American shareholder but on terms that will wipe out the small shareholder..........this is usually the case.
nash81: agree,CURRYPASTY16 I am in EDR, EOG and UJO. though i am more confident with UJO and EOG. EOG cash should be enough and Wressle will be online by Christmas, so money generated will be enough to cover operations. bonus IF they can get updates /farm out on irish and morroco. I decided to buy more EOG next week as share price is crazy low at 1p On EDR, a bit of gamble but I do hope we will get uplift on EDR share price soon on the Wressle. news should be next couple of weeks. CURRYPASTY 16 Oct '20 - 10:11 - 4115 of 4120 Ive bought a few more this morning, to get my average down. In my opinion its gamble on will they get Wressle producing, before the cash runs out. If they do, and if initial indications were good for the 500bls, then it should be worth a penny on the shareprice. If the costs of wressle are high, and the payments for all this work and services are pressing, or first oil is delayed, they may be forced to look for immediate short term funds. The Company is not helping much as there is no update on exactly where they are up to... On the positive side is a comment in Europas finals that they have enough cash to fund wressle to first oil, and they only had half a mil cash on the balance sheet a couple of months ago.
rnstranslator: Curry As you say UJO rolling in cash. DB always going on about Wressle and Bisc. I could see him doing something to get more of Bisc. and to help the paupers here keep the lights on. My starter for 10: 1 Farm-in to more of Bisc. relieves EDR of need to fund Bisc, but doesn't solve cash shortage. 2 Buy more of Bisc, partly solves both problems at least temporarily. 3 Subscribe to an EDR placing say £1.5mm at 1.8p, gives UJO ~20% of EDR and all of EDRs stuff, claim at least one Board seat and replace the fossilised NEDs, and kick the Exec's up the A*se to perform. Cash shortage solved. 4 Merge UJO and EDR, not sure EDR NEDs and Execs would ever support this, even if the NEDS were awake! I'd prefer 3, but its gutsy move.
justjill: Don’t know how reliable the author or accurate the piece is ITS, but if accurate, then this would imply, for all practical purposes, that we should factor almost nothing into the EDR share price for shale at present. That's because it would be a five-year(ish) minimum time-line before commercialisation could be declared, even after we would actually get cracking on something. Meanwhile we would have incurred any associated costs.
Egdon Resources share price data is direct from the London Stock Exchange
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