Our new Cryptocurrency section has arrived! Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEgdon Resources Share News (EDR)

Share Price Information for Egdon Resources (EDR)

London Stock Exchange
Share Price: 3.45
Bid: 3.20
Ask: 3.70
Change: 0.00 (0.00%)
Spread: 0.50 (15.63%)
Open: 3.45
High: 3.45
Low: 3.45
Yest. Close: 3.45
EDR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Egdon Resources To Raise GBP2.2 Million In Open Offer (ALLISS)

Wed, 15th May 2019 17:26

LONDON (Alliance News) - Egdon Resources PLC seeks to raise GBP2.2 million in gross proceeds via a share open offer to advance the company's exploration and appraisal work programme.

The UK-based exploration and production company said Wednesday it will issue 43.3 million shares at 5 pence per share, a 3.9% discount to the average share price in the seven days prior to open offer announcement.

Net proceeds from the open offer will amount to GBP1.9 million, the company said.

Egdon Resources has received irrevocable undertakings representing 45.1% of the open offer from shareholder Petrichor Holdings Cooperatief UA and Premier Oil PLC. A waiver to the potential requirement for Petrichor to make a mandatory cash offer has been granted.

Egdon Resources also said that average monthly production during the period from January to April was 238 barrels of oil equivalent per day versus 85 boepd in the comparative year ago period.

Shares in Egdon Resources closed 2.5% higher at 5.38 pence each. The open offer will result in 14.3% dilution to the company's issued share capital.

More News

Egdon, Europa And Union Jack Expect Wressle Verdict Before 2019 End

Egdon, Europa And Union Jack Expect Wressle Verdict Before 2019 End

8 Nov 19 11:38

IGas And Egdon Shares Down After UK Government Puts Brakes On Fracking

IGas And Egdon Shares Down After UK Government Puts Brakes On Fracking

4 Nov 19 11:13

Egdon Resources enters exclusivity agreement for potential farm-out deal

(Sharecast News) - Egdon Resources updated the market on the farm-out process in relation to the Resolution and Endeavour gas discoveries in UK offshore licences P1929 and P2304 respectively on Monday.

4 Nov 19 10:50

UK WINNERS & LOSERS SUMMARY: Egdon Resources Hit By UK Fracking Ban

UK WINNERS & LOSERS SUMMARY: Egdon Resources Hit By UK Fracking Ban

4 Nov 19 10:39

UPDATE 1-UK shale gas explorers' shares fall on fracking moratorium

(Adds AJ Lucas comment)By Nina ChestneyLONDON, Nov 4 (Reuters) - Shares in British shale gas explorers fell on Monday morning after the government announced at the weekend that it is imposing a moratorium on fracking.On Saturday the government said...

4 Nov 19 09:59

UK shale gas explorers' shares fall on fracking moratorium

By Nina ChestneyLONDON, Nov 4 (Reuters) - Shares in British shale gas explorers fell on Monday morning after the government announced at the weekend that it is imposing a moratorium on fracking.On Saturday the government said that the gas extractio...

4 Nov 19 08:36

Europa Annual Loss Narrows On Absence Of Exploration Charges

Europa Annual Loss Narrows On Absence Of Exploration Charges

10 Oct 19 10:44

Egdon Resources Annual Production Up, Awaits Wressle Field Inquiry

Egdon Resources Annual Production Up, Awaits Wressle Field Inquiry

1 Oct 19 13:49

Egdon Resources production levels soar following installation of a new flow meter

(Sharecast News) - Oil and gas exploration outfit Egdon Resources saw net production from its Ceres, Keddington and Fiskerton fields soar to 66,364 barrels of oil equivalent in the year ended 31 July.

1 Oct 19 11:26

UK Oil & Gas Gets Licence Extensions On Southern England Assets

(Alliance News) - UK Oil & Gas PLC on Tuesday announced two new licence extensions, including the PEDL143 licence in which some other London-listed firms are interested.PEDL143, which a

20 Aug 19 10:57

Egdon Resources Gets Positive Results From Further Biscathorpe Work

(Alliance News) - Egdon Resources PLC on Monday said further analyses of results from a Lincolnshire well have highlighted the site's potential.The Egdon announcement was noted by Union

15 Jul 19 10:42

IGas Energy Pleased By Results At Springs Road Exploration Well

(Alliance News) - IGas Energy PLC on Thursday posted encouraging results from the Springs Road-1 exploration well in Nottinghamshire, UK.IGas has a 17.5% interest in licence PEDL140, where

27 Jun 19 15:40

Egdon Resources Raise GBP1.6 Million With 70% Take-Up Of Open Offer (ALLISS)

LONDON (Alliance News) - Egdon Resources PLC on Tuesday said it received valid acceptances over 31.2 million shares in a open offer launched in mid-May.The company said the number of shares

4 Jun 19 13:47

Egdon Resources To Raise GBP2.2 Million In Open Offer (ALLISS)

LONDON (Alliance News) - Egdon Resources PLC seeks to raise GBP2.2 million in gross proceeds via a share open offer to advance the company's exploration and appraisal work programme.The

15 May 19 17:26

Wressle Oil Field Planning Permission Appeal To Begin Early November

LONDON (Alliance News) - The planning hearing for development of the Wressle oil field in North Lincolnshire, UK, will start in November, Egdon Resources PLC said on Monday.Planning was for

29 Apr 19 12:04

Login to your account

Don't have an account? Click here to register.