My fag packet valuation at 25p is way short. Cantor Fitzgerald issued recommendation this morning with a target of 39p. That will do nicely.
Just a quick one post on here.. But may take a position shortly.. I know UJO results coming out for Wressle by next Tuesday latest as I've had comms with the BOD there.. I only live 15 mins from Wressle and was along Sunday.. Seems EDR SP ready for a good rise.. See my post for pic.. Hopefully results will be good..GL
RE: Surly this can't get much lower
I hope that this share has bottomed, as I bought in at lunchtime today, having sold some Enquest that I bought on the 14th at 23p and sold today at 37p. My feeling is that this share should have dropped today with the anti-fracking sentiment that was discussed on the Today Programme, but it held steady, unlike most other oiles.I think there is a very good chance of a major leap if the well results are positive, and I hope these will be out by the end of Feb, Back of a fag packet calcs make me think impho in terms of 25p within 8 weeks! Hope I'm right, as a dry well will probably mean 5p. GLA.
Surly this can't get much lower
than what it is now. Any thoughts on how low this will go before picking back up.
20 Jan '15
Having sold my Egdon holding at 25p during the shale hype I am looking at it again as a possible investment. One thing I have noticed is the latest monthly production numbers on the government website (3 months in arrears); https://www.og.decc.gov.uk/pprs/full_production.htm This says Ceres gas production increased 10 fold in September which, if true, would equate to about 130 boepd for the whole year to Egdon from just that one months production (assuming 8% net backed). I am inclined to believe this is a typo somewhere along the line but does anyone have any other information to support or disprove the figure?
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