EDR.L Share News (EDR)

UK WINNERS & LOSERS: Three AIM Oil Stocks Jump On Scunthorpe Find

Wressle-1 success boosts joint owners Egdon, Union Jack and Europa

The Wressle-1 exploration well, jointly owned by Egdon Resources, Union Jack Oil and Europa Oil & Gas, has been found to have a potential hydrocarbon pay in three intervals. Drilling on the well, which is located in Scunthorpe, began on 18 July and reached a total depth of 2,240 metres. Thicknes

Egdon, Europa Oil & Gas, Union Jack Rise On Positive Well Test News

Sector movers: Shell, BG lift oil and gas sector, but Afren drops

Results from oil major Royal Dutch Shell gave the UK-listed oil and gas sector a significant boost on Thursday, as the biggest constituent in the category smashed analysts' estimates with its second-quarter profits. Shell, which has a market cap of around £156bn at current prices, said that earning

UK Fracking Sites To Be Granted In 14th Licensing Round

UK Shale Regulation Fails To Ensure Public Safety, Report Claims

Egdon, Europa And Union Jack Start Wressle-1 Well In Lincolnshire

Egdon Resources Gets UK Government Approval For Alkane Deal

LONDON (Alliance News) - Egdon Resources Tuesday said it has obtained consent from the UK Department of Energy and Climate Change for the transfer of shale gas exploration licences from Alkane Energy PLC. Egdon did a deal in May to buy interests in 10 UK shale exploration and development li

Egdon Resources Awaiting Consent For Licence Transfer From Alkane Energy

LONDON (Alliance News) - Egdon Resources PLC said Thursday it is still awaiting consent from the Department of Energy and Climate Change for the transfer of licences from Alkane Energy PLC. Egdon Resources said it now expects this consent - which will see the transfer of Alkane's rights ove

UK Gets Fracking Boost From New Infrastructure Bill

LONDON (Alliance News) - The UK government will introduce a bill which should further promote the development of fracking in the country by reducing trespass laws against shale oil and gas companies wanting to drill under peoples homes, confirmed the Queen in her annual speech on Wednesday. Read more

Egdon Resources Raises GBP606,709 In Over-Subscribed Open Offer

LONDON (Alliance News) - Egdon Resources PLC said Tuesday that it had raised GBP606,709 through an over subscribed open offer, to help fund its acquisition of the onshore shale gas business and assets of Alkane Energy PLC. Egdon announced the acquisition in May and at that time said it plan

UK MORNING BRIEFING: Shares Open Higher On Positive Chinese Data

LONDON (Alliance News) - UK shares have opened slightly higher Monday on a good manufacturing PMI reading from China at the weekend and ahead of Thursday's European Central Bank meeting.

Goldman Sachs likes the shares of UK estate agents, raising Countrywide to Buy

Union Jack Confirms Shale Oil And Gas Potential At PEDL201 Licence

LONDON (Alliance News) - Union Jack Oil PLC Monday said that an independent technical report carried out on its PEDL201 licence in the UK Midlands has confirmed significant shale oil and gas potential at the Widmerpool Gulf region of the site. The UK-focused oil and gas exploration and deve

Union Jack Oil, Europa Oil & Gas And Egdon Resources To Start Drilling Wressle-1 In July

LONDON (Alliance News) - Union Jack Oil PLC and Europa Oil & Gas PLC Thursday said that Egdon Resources PLC has informed them that drilling on the Wressle-1 conventional exploration well on the PEDL 180 Licence in Lincolnshire is expected to start in July. Europa Oil said that the Wressle-1

Survey Estimates 4.4 Billion Barrels Of Shale Oil In Southern England

LONDON (Alliance News) - The British Geological Survey and the UK Department of Energy and Climate Change on Friday provided a central estimate of 4.4 billion barrels of shale oil in the Weald Basin in the south-east of England, as the UK government has launched a process to simplify land access