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Bckttsim
Posted in: EDR.L
Posts: 2,156
Pity few sold , having said that .. profit if you can get it is profit. With more news around , maybe next week , Have a good w/end.
Next News on the way poss Monday by sounds of things. If the news today isn't big enough .
Brilliant News.
These are traded on ISDX as well. MM's use it to hide things normally.
Trying to shake the weak out now.
Phoebus sold for a loss once you take away dealing costs . You have to believe in a share. More news imminent here .
It may get noticed now , and I wouldn't be surprised to see 17p .
Now we are moving Predictions were right , nothing then BAM
ISDX As of half hour ago 81k traded all buys
So undervalued 40p not so long ago.
This went to 40p when they first bought 40% of PEDL242 NOW they have 80%
We have movement
Yes mistake $ and £ However the oil price will not remain down at this price. And taxes well every one has to pay that. These guys are already producing a lot of oil, and have plenty of cash.
They had £6.1 million in cash Feb 2015.
Good sign if you can't buy, Need some negotiated trades to go through.
Buys Some buys showing on ISDX now. Should start moving soon !!!
News http://www.rttnews.com/2508348/egdon-resources-to-buy-addl-40-stake-in-lincolnshire-licence-pedl241.aspx
News http://www.proactiveinvestors.co.uk/news/details/107762/egdon-resources-and-union-jack-oil-increase-stakes-in-north-kelsey-project-107762.html
This 80% oil holding in PEDL242 is only 6 miles away from the Wressle-1 Well where Testing is About to start. There is oil around here ....proved .
Usually slow in getting started. Seen it in the past. Nothing then before you no it ..,.
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