Member Info for BaysilHope

Not Cold but yet now - UK Nat Grid status of Total Output - CCGT Gas production is 17.42 GW 37.68% of total - but Wind = 0.44GW or 0.95% Given Feb month was more or less the same but with all 98MW STOR available very strong Q1 for ALK and growing.

Seems EDR have a development plan like an Excel Data filter - Smallest to biggest - Wressle very successful but small, Kiln Lane North Kelsey , A Prospect Gas Biscathorpe Oil the Dorset near Wytch Farm 50mmboe 48.75% Operator then the 27 TCF of Shale 2016/17 . Quote on Dorset out of news - Completion of Seismic Survey, Dorset 17 October 2013 Egdon Resources plc (AIM:EDR) is pleased to announce the completion of the acquisition of a 3D seismic survey to the south and east of Dorchester in the County of Dorset, onshore U.K.The survey, which covers parts of Petroleum Exploration and Production Licence PEDL237 and Production Licence PL090, was acquired by Tesla Exploration International Ltd. and comprised the acquisition of a total of 2,631 vibroseis source points covering an area of approximately 68.5 square kilometres. The survey was designed to provide detailed structural data over a number of leads and prospects at various reservoir levels including the Sherwood Sandstone, the primary reservoir at the nearby Wytch Farm oilfield. The main focus of the survey was over the area of the Casterbridge and Broadmayne structures where, based on previous 2D seismic data, Egdon evaluated combined gross Best Estimate Prospective Resources of around 50 million barrels of oil. The acquired data will now be processed by a specialist contractor to generate a 3D image of the geological structure of the area to enable the licence group to identify locations for possible future exploration drilling. The Licence Interests in PL090 (excluding Waddock Cross) and PEDL237 are; Egdon Resources U.K. Limited (Operator) 38.7500% First Oil Expro Limited 22.6042% Aurora Exploration Limited 16.1458% Corfe Energy Limited 12.5000% Dorset Exploration Limited (wholly owned by Egdon) 10.0000% Commenting on the survey Jerry Field, Exploration Director of Egdon said: “I would like to thank all the personnel of Tesla Exploration for their professionalism and commitment in undertaking the survey in an efficient, safe and considerate manner. We look forward to receipt of the final processed data volume early in 2014 which will enable us to develop our future exploration plans on this highly prospective oil trend to the west of Wytch Farm, Western Europe’s largest onshore oilfield. GL Fingers crossed Under valued Sp.

BISCARTHORPE MANAGEMENT TIMELINE - PLANNING 16TH MARCH BUT AFTER – SO MUCH EFFORT ‘Egdon Proposes Another Well Near Biscathorpe’ May 22nd 2014 On Wednesday 21st May Egdon Resources held a public exhibition of their plans for a conventional oil well near Biscathorpe. These plans are for a different site than their previous application, which was made in September 2013 and later withdrawn. I spoke to Mark Abbott, managing director of Egdon Resources. He told me that the earlier application was withdrawn because of issues with the traffic route, which would have taken HGV vehicles over the river Bain. "Crossing the Bain was the main concern," he said. The new route is illustrated in the graphic below. Mr Abbott estimated that there would be a 3% increased traffic load as a result of this development. "This doesn't impact on any villages," he said. "It's a far more robust site." Quality E & P in the UK highest standards public should be re-assured. GN Residents in Lincolnshire are holding a protest walk against a company's plans to drill for oil in a field close to their homes. Egdon Resources Ltd wants planning permission for an exploratory well at land at Biscathorpe, near Louth. The firm said it was "always open and transparent" with planned operations and stated that "no fracking would take place" in the area. Lincolnshire County Council is due to consider the application next month. 'Democratic processes' Local environmental campaigner Biff Vernon said 70 people had objected to the plans and Sunday's three-mile walk from Donington-on-Bain to Biscathorpe was to raise awareness. He said concerns had been raised about the potential pollution of the nearby river, traffic noise and the spoiling of a local beauty spot. "I have been aware for a long time that they [Egdon Resources] have had an interest in this area," he said. ALL CONCERNED ADDRESSED - good work. GL

Quote - EDR Old News (Not in the 2015 Crop - More to come 2016) - Completion of Seismic Survey, Dorset 17 October 2013 Egdon Resources plc (AIM:EDR) is pleased to announce the completion of the acquisition of a 3D seismic survey to the south and east of Dorchester in the County of Dorset, onshore U.K. The survey, which covers parts of Petroleum Exploration and Production Licence PEDL237 and Production Licence PL090, was acquired by Tesla Exploration International Ltd. and comprised the acquisition of a total of 2,631 vibroseis source points covering an area of approximately 68.5 square kilometres. The survey was designed to provide detailed structural data over a number of leads and prospects at various reservoir levels including the Sherwood Sandstone, the primary reservoir at the nearby Wytch Farm oilfield. The main focus of the survey was over the area of the Casterbridge and Broadmayne structures where, based on previous 2D seismic data, Egdon evaluated combined gross Best Estimate Prospective Resources of around 50 million barrels of oil. The acquired data will now be processed by a specialist contractor to generate a 3D image of the geological structure of the area to enable the licence group to identify locations for possible future exploration drilling. The Licence Interests in PL090 (excluding Waddock Cross) and PEDL237 are; Egdon Resources U.K. Limited (Operator) 38.7500% First Oil Expro Limited 22.6042% Aurora Exploration Limited 16.1458% Corfe Energy Limited 12.5000% Dorset Exploration Limited (wholly owned by Egdon) 10.0000% Commenting on the survey Jerry Field, Exploration Director of Egdon said: “I would like to thank all the personnel of Tesla Exploration for their professionalism and commitment in undertaking the survey in an efficient, safe and considerate manner. We look forward to receipt of the final processed data volume early in 2014 which will enable us to develop our future exploration plans on this highly prospective oil trend to the west of Wytch Farm, Western Europe’s largest onshore oilfield. End School kid Maths UK Onshore Oil Net Margin say £10 x 50mmboe x 48.75% = £24m Reserve Value to ALK 18% holding - MM's are totally discounting the game changers in EDR that benefit ALK as Vernony said once bottomed there should be a raft of +ve news. On e for the brave not faint hearted. GL

Yes you are very correct the EDR SP - 7 mth slump has battered ALK (destroying the £7m profit on Shale sale) and so a reversal of EDR fortunes should have the opposite effect - unfortunately every good EDR story is battered by the bear Oil wind. Today EDR had planning for Biscathorpe - EDR 54% operator targeting lower case 14m barrels of Oil net +7m to EDR, SP down!! They are testing Wressle, last zone results tmz Penistone should be good, Wressle three zones Oil & Gas could double EDR production sales - Europa now drilling Kiln Lane EDR 25% & North Kelsey EDR planning drill ready and the 14th RD ALK & EDR longevity in E & P and working with DECC - should make them a winning combo in bid results. Majors sitting back looking to get in post election could buy these (both) up for petty cash less than £50 for a firm producing +£3.3m profit and very strong growth prospects & EDR are exposed in 5 drills to +15-20mm boe of profitable oil economics for UK Onshore. The SP's are so battered - they have absorbed nearly all the downside there is. Ineos have charged in £138m Igas future development - EDR has 27trillion cu ft shale that's a few Billion boe even at 10% extraction is very big money for £16m Market Cap - got to be a takeover target soon after the election when 14th Rd is out and the major start to come in. ALK 40m shares in EDR should be worth more than 8.25p a share then. I hope we can see the bottom for both companies soon, which should out, if they just keep delivering on their plans - sentiment will change very quickly when Oil stabilises - next three months maybe as US Shale Output contracts hopefully Oil recovers a tad. EDR's real commercial value as a business is growing invisibly monthly as these planning gains and +ve test results are acquired - News due early April trading update and 'A' Prospect 150bcf gas 100% EDR lead Offshore - attainable by Onshore drilling -+ 23m boe Farm out due H1. Both BOD's can't do much more than market their respective businesses. Nice to see NOB giving ALK investor presentation 31st March in Manchester - he must be very upbeat!! - need Mark Abbott do the same in 2-3 months after more success with the drill/Farm out and Planning gains - fingers crossed. GL. These companies are worth more than this from a genuine business view point.

ALK Net Assets £44m Mkt Cap £26m - the ALK profit run rate after step up £2.7-3m per 1/ yr as an accountant forget the current SP - NOB deliberately (correctly ) wiped out the Shale profit EDR profit Exceptional (Stored up the value in the Balance sheet) just to show 2014 trading only - he's gone so prudent Oil would not leak out of his pants - I would do so when the Market are treating you like ISIS - then next 1/2 year July trading update +£m now all acquisitions on stream with full 6 months of Carron - plus release a bit of reserve profits only upward - If I could wave a wand Henderson don't convert - Option 1 they roll over maintain strike price right or get repaid 2018 - That gives 14m shares cancelled in non dilution - a 9% cap reduction. They must be thinking what remedial action do we need to get this SP moving sweat pea all options on the table - My way-Would guess but not a waste of time. If I ( As major shareholder) wanted to reduce the group portfolio exposure to oil/Energy and get cash in without smashing the SP - Henderson in Shale/Energy/Oil - get repaid he gets £2m cash in for new green investment and guarantees Cap structure of ALK going forward -10% lighter what a boost no overhang dream world where greed is a second to sustainability . GL GN Quote It is a far, far better thing that I do, than I have ever done; it is a far, far better rest that I go to, than I have ever known. Convert or roll over. HNY The Market is driving Alkane out of business Capital raising wise - A company which has +15% Net profit on sales after combating Weather/Cheap Coal/ Oil collapse/Wind loads of it and still increased profits - smells dirty tactics to me - I don't rely on this stock for Cap grow but as an Accountant it puts all valuation theory into the dumpster and say what the F xxx - This is a good business - NOB took the last juice out of EDR deal for a rainy day he knew market is shXt. Going forward we have a stronger balance sheet than £44m + we still haven't proved the EDR JV concept yet because of the election and the delays June 14 14th Rd !! - look at Ineos charging at Igas if they are doing it now wait for the Yanks after the politics is over - no mercy gloves off - Hold dear friends once more into the breach. In 6 months these two companies will be flying - I'm in. HNY

Wild guess - given the almost parity of strike price 17.5 & SP today and volumes last week trading volumes 5m @ 20p - to protect the ALK SP recovery what if Henderson went for repayment of the loan and avoided the conversion - which is an effective share buy back as the dilution of 12m shares relating to the loan is in the accounts would be reversed. The market would love it - It would stop the overhang - improve the 2015 EPS and the sacrifice of 12m shares the remainder for Henderson would massively improve - only an idea. A wild guess as to why they bought more last week from Miton. As a strategy has medium term benefits but only speculation. GL HNY

The Henderson CLN Convertible Loan Notes explained - as said before strike price 17.5p A/cs. 34. Convertible Loan Notes On 26 April 2012 the Company issued £2,000,000 convertible loan notes, with the proceeds being utilised to partly fund the acquisition of Greenpark Energy Limited (see note 18). Interest is at a fixed rate of 7.5% per annum, which is rolled up quarterly in arrears and included as principal to be repaid or converted. The convertible loan is unsecured. The convertible loan notes are convertible at any time prior to repayment or automatic conversion at the holder’s option, at a conversion price, fixed at 17.5 pence. If any element of the convertible loan is not converted, it is otherwise repayable on the date which is three years and one day after the issue date. The liability component of the convertible loan notes at issue was £1,768,000. This has been calculated by discounting the total sum payable over the full term of the loan notes by an effective interest rate of 12%. The equity component of £232,000 has been taken to other reserves. At the year-end the carrying value including rolled-up interest was £2,199,000 (2012: £1,970,000). End - Henderson have been over +21% in the past and disposed quite a lot in 2014 Early on in the 40's sp - now with a hopefully growing dividend - might chose to sit in for a while. The Leven acquisition 25Mw never been valued iMO generates +£1m indexed linked +10 years contract guaranteed add that to the future £14m STOR annual cons £0.9m - Cheap Coal will decline and Gas % of UK power gen will improve. The current ALK SP has every negative aspect thrown at it and still made +£4.5 m ish profit on £18m sales + adj's - UK Power reserve lost £3m last year. If Ineos thrusts forward opening up the UK EDR starts flying (we own 18% that's serious and a man on the board) they have Nat Gas Wressle more news to follow next 6 months 4 drills - there soon and ALK will massively indirectly benefit trading opportunities. There is upside is these dark hours - 21p is cheap and the Net debt reflects huge refurb of the fleet and £2m settlement for Maltby closure although late. 2015 fingers crossed with Maltby/Shirebrook/Wheldale & integration of Carron acquisition all now on stream even with subdued demand for weather, stupid coal prices polluting the world we should grow in 2015 in profits despite £MW- SP through volume & the volume economies of output with static G & A will improve bottom line. Combined Market Cap for ALK & EDR < £50m is shameful IMHO DYOR GL.

Gen election May - DECC shuts up shop 30th March ish when Parliament dissolves - thoughts are PEDL news might be released in tranches - non sensitive first and the F word left until after the election and Infrastructure bill is settled could be as late as June. Time will tell but a strong license gain could only help both ALK & EDR and the alliance and as NOB was elected to EDR BOD June 14 had time to lobby a mutually beneficial PEDL JV approach and strategy . Fingers crossed 11th this week is the final year results Dividend - 21p still in shock. Interesting reading GL

I feel like Pierce Brosnan in Dante's Inferno, the reservoir is boiling - the acid water is eating the aluminium boat surely we have had all the -ve s by now and then 5m goes feral !!! When you think of it - an outside investor could purchase a large % of the UK inland Oil & potential Shale production (Quoted ) for less than £150m, Igas £68m Egdon £20m ALK indirect+£26m +£30m for Europa Union and so on many juniors UK interests . Takeovers would wait till after 14th Rd - there we have it - Britain majority of Listed Companies PEDL's sold to the highest bidder for F*ALL HNY I thought we were here to build the energy Jerusalem of the UK with skills output + £30bn training jobs - security. GL Brunel didn't have this K**p just built and it and is still working today - we rely on it.

That's definitely not me - somebody is out - RNS next week do doubt. We know Henderson has a convertible loan maturing April ish think for 13m shares?? Wait and see

Put this out on the PPC BB after PV strife - my grand daughters love this film and songs so I put an Oil shale theme - its crap but keeps our spirits up FF Sake . - Begin after Oil hits $30/b - Let it go, let it Flow. I am one with the Oil and the Shale. Let it Flow, let it Blow. You’ll never see me Dry in vain. Here I stand, and here I’ll Pray. Let the OPEC storm rage on – Let it flow. The Brent Price - never bothered me anyway! Very Sorry - completely lost it - Baz 40% discount SP to Net Assets crazy.

Cameron couldn't run BP in a commercial world or manage the PR- Big Business does and LJB is a global machine - we all have to guess at politics - commercial common sense must have a time scale maybe after the election guess - I just think LJB impact has been made in mind set HOLords - in its infancy to be followed by Jim Ratcliffe Ineos follow on and maybe the offer of 'PEEL' Northern based lending. In my crazy world I have a position - albeit bloody small in Igas/EDR & Alkane for the 14th as last resort - if the bid is called off watch the news!! GL I do understand your points and can't really argue more specifically. THx

EDR at sub 9p valued at £20m with Net Assets at cost +£36m we at ALk are at the cusp I believe - Wressle is proving the EDR potential case - stress luck at Kiln Lane and then farm out A Prospect - 14th Round - it could be too much good news flow next 3 months to warrant a depressed SP low 20's. IMO DYOR - just so sad when a quality company is so beaten up by the MM's Mkt Cap today £30m rubbish. GN GL HNY F-UM.

If the Penistone 'Oil section' yet to be announced hits +200bop the 1.7mcf gas = 300bod total field subject to - EDR at 25% doubles their current annual 235bop production at low op cost with more to come. I think the 14th Rd is the game changer and investment patience is the key - EDR could enhance its strategic acreage massively maybe why Mark A is a tad quiet. GL GN Mkt Cap £20m no debt Fxxxing beats me.

Next week 11th Mar Full Trading results - is it my imagination or could we be getting a dividend - or maybe a divi increase compliments of Leven Power 25MW + £1m contract standby with Nat Grid inflation indexed even if we don't produce - anyone!! end of month 14th Round results - a profitable company making +£5m next valued lower than Afren. Jesus H - Add to this our +18% stake YES +18% stake in EDR just discovered oil and GAS in Wressle volume beautiful for Nat Grid power - location maybe a pXsser but shows what the future could hold. If I had a stronger bladder and could hold in for 5 years time with+ 6GW of Cheap Coal Power Fxxxed off replaced by £95/mw green we will be cheap & as with our own gas IMO +£50/mw a binary business - Mkt wants now - Company should deliver record profits this year mind you despite the set backs - if over £3m & deserves better. Come on the 14th Rd Bid results. GN GL HNY PS topped up today.

Pure guess- as would Cuadrilla let him Lord Browne go unless job done - 2 things( only he) Influenced 1. Infrastructure Bill - land access issues to make UK attractive to US investment Caud US owned & second 14th RD Onshore Bidding round unseen adviser - time will tell but as a Lord and very Influential - globally lot of fans esp in Tory govt. News may wait election etc but this man as the FT said knows how to re-invent himself - me obv mega fan - I was there in the 1999 news flow. GL GN Not enough British LBJ's about - think big under promise and over deliver my gran told me - never listened. Can't remember the last open gay person post resignation from BP or any PLC (with such -ve opposition) to get such a post publicity job - speaks loads/volumes about this mans character and resolve - I love him. IMO he's done his job for Cuadrilla we just can't see it- to far behind the political curve. A strong 14th could be massive for EDR so could US investment farm outs.

LJB has left Cuadrilla Shale bears will claim a victory - a number of things to remember LJB appointed (advised govt to recruitment to DECC exec) massively influential I think he's moving on - job done - I mean work in progress leave the detail to Egan. LJB greatest success came when Oil was massively discounted in 1999 @ $20 maybe less acquired Amoco from the US changed BP and forged links later with Russia TNK-BP - as a true great IMO LJB doesn't quit ( Changed BP to green marketing wise decade ago) - as a Shale ice breaker on attitude could be his job is done and in 6-9 months news will out of practical implimentation. The job he's going to well - head hunted 'no brainer' low Oil is his game, he can make $bns. Market knew this - articles in Feb - EDR solid firm undervalued and unloved. So I showed a bit of TLC and topped up.

I'm an EDR & ALK fan - both - smashed SP's for known reasons - looked at Sound Oil - Thank you John G my friend info for an upbeat CEO with also - a similar Egdon prospect Off Shore in Italy worth 178bcf creaming his pants - banging gums but a very superb young man will do very well & respect - Sound Oil Premium SP 2 x Net Assets bril CEO mega man will be one of top voted in UK 2015. The EDR/ALK boys - Well MOTD pundit status - A Prospect opaque - little delivery or lack of detail no SP delivery - NO VIDEO UNTERVIEW WITH MALCY or proactive investor - Sound Oil 24hr cam on ops - Why not on Wresstle E & P showing flows - I know Wresstle was left to Europa - Back to Sound Oil - EDR 'A' p1929 Prospect because you see its an offshore but inshore development ??!! Immediate communication problem TECHNOLOGY explain new drilling techniques and smash the upside -my issue no explanation that Offshore Permits problems Dwarf onshore and it is a little difficult but theres 150bcf of Nat Gas & it seems the BOD don't care if its not valued in the SP - because we wont get planning - Even for Natural Gas ( NOT FRACKING) because of the swampies. Why aren't we selling the UK Natural Resources and be proud. Come on Mark Abbott get a marketing grip & strategy please give an video interview - I honestly think - as with ALK it takes so Fxxxxxxx long to get Planning EA Landowner wind/rain/ Green Party tXXXX permission your are smashed. 2015 Biggest year Smash P1929 & Biscathorpe - TELL EUROPE EDR is a bXXXX big player. Come On this is a very good company and at 9p is doing my head in should be 24p.GN GL SELL THE PR PLEASE Your competitors are. IMHO You are not selling yourself look at Sound Oil CEO Interview.

Had a look back couldn't see this mentioned (If it has I apologise for wasting time sorry). Very Upbeat Report - can't do the IT links but the main points I've copied below (Point EDR Balance Sheet July 14 - £36m - Net Assets = 16p share excluding all shale hype - so we're 1/3rd below Cost! ) Ignoring upside potential.Edison – Report on Egdon - UK shale gas in the spotlight in 2015 - 7th January 2015. We see a positive year ahead for Egdon’s UK shale-gas business, with catalysts in place for 2015 offering the potential to advance the sector towards commercially viable status. If achieved, this could make our tentative valuation of Egdon’s shale gas portfolio increasingly feasible. Beyond shale, Egdon’s conventional exploration activities look set to gather pace in 2015, with its Wressle discovery to be tested in January and three exploration wells scheduled to be drilled during the year (Laughton, North Kelsey and Kiln Lane). We see the shares as pricing in little of the opportunity in UK shale, with our standalone 24p/share (RENAV) valuation of Egdon’s conventional business sitting considerably higher than the current share price. Conventional work programme gathers pace. Egdon’s conventional exploration and testing campaign looks set to gather pace in 2015. The group’s successful exploration well, Wressle, is due to be flow-tested in January, followed by the three conventional exploration prospects: Kiln Lane, Laughton and North Kelsey, which are all scheduled for drilling in 2015. In the longer term, outsized exploration prospects Biscathorpe and prospect ‘A’, which we estimate as worth 84p/share to the shares (if successful), could be drilled towards the end of 2015 subject to Egdon achieving its desired farm-out terms. Valuation: Potential 41p /share for shale portfolio In terms of valuation we suggest a core value for the company, comprised of producing assets and cash, of 7.7p/share. Beyond this we ascribe 16.2p/share (risked) to Egdon’s seven-well conventional exploration programme, resulting in a RENAV for the group of 24p/share. Beyond this we assign a tentative value of 41p/share to Egdon’s shale acreage portfolio, which could begin to look increasingly realistic if the path to permitting is progressed as we expect in 2015. End quote. GL - Again if its old news sorry.